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Thomas
Thomas, Solicitor
Category: Property Law
Satisfied Customers: 7602
Experience:  UK solicitor holding an England and Wales practising Certificate.
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If a chain of properties is broken and the property is

Resolved Question:

If a chain of properties is broken and the property is remarketed and we make a full offer price which the seller accepted are we legally entitled to buy the property or as we have been told the chain is back on so we have lost the property
Submitted: 11 months ago.
Category: Property Law
Expert:  Thomas replied 11 months ago.

Hi,
Thanks for your question.

Unfortunately, any part can withdraw from a house purchase if contracts have not been exchanged yet. This is because everything is "subject to contract" until such time as contracts have been exchanged.

This means that if a party withdraws at any time before contracts are exchanged then no party can sue any other party for their loss or compel them to complete the sale or purchase.

This is regardless of whether there is a chain of properties, or if you have spent money or if you have offered the full market price.

It's regrettable and a common complaint, but there is legally nothing to be done. It's just bad luck.

Please remember to leave feedback using the starts at the top of the page.

Kind regards,

Tom

Customer: replied 11 months ago.
Thanks Tom ,but this answer is a little unclear , we are not in the chain at all we are independent buyers via the agent and seller
Customer: replied 11 months ago.
As the house was remarketed
Expert:  Thomas replied 11 months ago.

Hi,

It doesn't matter if you are in a chain or not, the principle applies regardless.

If you have not exchanged contracts via solicitors then parties are free to withdraw from the transactions without any party being able to sue the other.

No owner of a property is obliged to accept an offer on their property. They can choose to sell for market price or less, they could choose to sell for £1 and no person would be able to sue them for not accepting a higher bid.

Tom

Customer: replied 11 months ago.
I understand that we are not looking to sue we just need clarity as to wether we are intitled to buy the property as our offer was not anything to do with the chain as the property was put back on the open market via the agent
Expert:  Thomas replied 11 months ago.

You are 100% not entitled to buy the property. The seller is free to withdraw. Even if you had offered much more than the market price the seller would still be entitled to withdraw

There is nothing you can do to compel the seller to sell you the property.

Please leave feedback

Tom

Customer: replied 11 months ago.
By the looks of things at the moment it is not the seller who has withdrawn our sale but the agent who has reopened the chain without letting us know
Expert:  Thomas replied 11 months ago.

It doesn't matter. You can't do anything about it beyone appeal or complain to them

I have answered your original question, so please do leave feedback.

Tom

Thomas and other Property Law Specialists are ready to help you
Customer: replied 11 months ago.
Ok thank you Tom

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