We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
2011 change to house buying contracts passing risk to buyer. Why?
Comments
-
That's what was explained to me all those years ago. If the buyer could walk away because the house "burnt down", what counts as "burnt down"? Consider this tragic fire is that house "burnt down", "seriously damaged" or what? Too much scope for argument!
(My username is not related to my real name)0 -
There might be scope for debate (though I can't see any in the example you posted) but that doesn't mean that contracts don't feature wording about "material damage" etc - the norm in Scottish contracts is that risk stays with the seller until completion, and either party can walk away if there is material damage or destruction before then.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards