The contracts for the house I was selling were signed on the 16th of April. The purchaser's solicitor had included in writing a clause in the contract stating that the contract was conditional on loan approval. This was despite my solicitor having been told that mortgage approval had been obtained. When the contracts were signed a letter was sent to the purchaser'solicitor stating that as far as we (the vendor) was concerned there should have been no conditions in the contract and that we considered them to be unconditional. We heard nothing until yesterday when the auctioneer rang and told me that the purchaser was pulling out. The solicitors have been in contact and as far as my solicitor is concerned the purchaser cannot pull out because she did contest the claim outlined in my solicitors letter stating that the contracts were deemed by us to be unconditional. Of course the purchasers solicitor is insistent that the contracts were conditional.
Has anyone else been in a similar situation? Is my solicitor correct? Thanks
Has anyone else been in a similar situation? Is my solicitor correct? Thanks