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jamie1982 | 07:29 Thu 01st May 2008 | Law
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i have signed missives for a new house. Is it possible to now pull out of buying the property?
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Avatar Image buildersmate
Have you exchanged contracts with the seller? - this is the critical point after which pulling out will cost you significant money.
07:51 Thu 01st May 2008
Avatar Image sammy snake
Are you in Scotland? If so, no you can't pull out, read this:

"The solicitors sign the Missive letters on behalf of their respective clients. Once Missives are concluded, a legally binding contract exists from which neither party may withdraw without liability to damages for breach of contract."
09:57 Thu 01st May 2008
Avatar Image buildersmate
Ah, so 'missives' relates to legislation in Scotland. I 'missived' that!
10:54 Thu 01st May 2008

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