getting out of sale agreed due to uncertainty of budget

R

rob60

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We have sale agreed a house, paid initial deposit , signed contract and paid further 10 percent deposit, is it too late for us to opt out? would we loose our deposit? or are we totally committed to this house now? thanks, rob
 
"is it too late for us to opt out?"

You can always opt out - you just have to face the consequences.

" would we loose our deposit? "

Without a shadow of a doubt.


"or are we totally committed to this house now? "

You can always opt out - you just have to face the consequences. You may well be sued for specific performance of the contract.

When you were signing the contract and paying the 10% deposit, are you honestly saying that you were not sure of what you were doing?

mf
 
Hi there, as MF states you can pull out, however why would you? just because it will be a harsh budget it is one that will affect everyone and life will go on the next day!
Unless you plan to move abroad..
P..
 
Rob

If the issue of changes to stamp duty in the budget is your concern, delay your closing date until after the budget.

This will avoid unnecessarily paying stamp duty should it be reduced or eliminated in the budget.

SM
 
I am in exactly the same situation.

Sale agreed, signed contracts, paid 10% deposit and due to get keys at end of month.

Didn't even consider pulling out of the deal. Why would I? As someone mentioned, the world will go on.
 
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