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Wed 18 May 2016
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For your information: Ministers are reportedly considering a crackdown on buyers and sellers who pull out of a deal at the last minute, or who try to gazump or gazunder each other. They are considering making house purchases legally binding much earlier in the process – for example, at the stage where an offer is accepted. This will mean you can not pull out of a sale without costs encurred If either the buyer or seller pulled out afterwards, they would have to pay the other party’s costs. |
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