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Stuart J
Stuart J, Solicitor
Category: Law
Satisfied Customers: 22624
Experience:  PGD Law. 20 years legal profession, 6 as partner in High Street Practice
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Property Law Can a vendor halt the sale /completion of a

Customer Question

Property Law

Can a vendor halt the sale /completion of a sale after exchange of contracts ?
Submitted: 4 years ago.
Category: Law
Expert:  Stuart J replied 4 years ago.

Usually, once contracts have been exchanged and the matter has not completed, the seller and buyer are committed and if either changes their mind, it will cost the defaulting party 10% of the contract price.

If you give me the background in detail I can expand for you.