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Scottish Conveyancing (Read 8370 times)
jmb
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Scottish Conveyancing
Oct 28th, 2006 at 1:21am
 
I purchased a house in Scotland with an entrance date which was 3 months in advance. I could not sell my own house prior to the above entrance date. The result was that I was required to pay the mortgage for the old house and a bridging loan for the new one as well. That was several years ago.

My daughter is about to buy a house with an entrance date in January 07. If she cannot sell her own house by the date in January 07 will she face the same consequences as above. A legal "friend" of hers said if that happens she can pull out of new house purchase. This does not seem right to me. (Scottish Law). Can you please help?
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Re: Scottish Conveyancing
Reply #1 - Oct 30th, 2006 at 6:09pm
 
In Scotland we use a system called missives that form the contract. Once these have been concluded then an attempt to back out can lead to a claim for damages from the seller who has to re-sell the property. She should contact her lawyer for advice.
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