We recently put a deposit on a holiday home and have had contracts sent to us by the vendors solicitor. We have signed the contracts but our solicitor has not sent them back yet.
We are starting to get cold feet and have asked our solicitor if we can back out.
She says that even though she has not sent the contracts back she has informed the vendors in writing that she has signed contracts and is holding them pending resolution of some minor queries.
My question is can we just tear up the contract or does the solicitors letter to the vendor act as some kind of evidence that we signed and even if it does the fact that the vendor has'nt signed does it mean that there is no contract.
We paid a refundable 10k booking deposit and have paid over the remainder of the 10% deposit to our solicitor but she has not passed it on.
She is humming and hawing about our commitment legally due to the letter that was sent confirming we had signed.
We are starting to get cold feet and have asked our solicitor if we can back out.
She says that even though she has not sent the contracts back she has informed the vendors in writing that she has signed contracts and is holding them pending resolution of some minor queries.
My question is can we just tear up the contract or does the solicitors letter to the vendor act as some kind of evidence that we signed and even if it does the fact that the vendor has'nt signed does it mean that there is no contract.
We paid a refundable 10k booking deposit and have paid over the remainder of the 10% deposit to our solicitor but she has not passed it on.
She is humming and hawing about our commitment legally due to the letter that was sent confirming we had signed.