Submitted on Monday 30th January 2017
Published on Thursday 2nd February 2017
Current status: Closed
Closed: Tuesday 2nd May 2017
Signatures: 50
Make buyers committed to the purchase of a property after making an offer
Many people have had an offer on their house withdrawn just prior to the exchange of contracts. This has resulted in them losing the house which they wish to purchase but still incurring solicitors/search fees. The law should be changed to protect the seller in the same way that it is in Scotland
The offer on our house was withdrawn the day before exchange of contracts was due to take place. We had made an offer on another property, had searches done and were ready to exchange at the same time (back to back sale/purchase). When our sale fell through this house went back on the market and sold to another buyer leaving us with almost £2000 solicitor fees still to pay.
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