Hi dub 1,
I think your costs should be relatively low. You will refuse to complete the contract and rescind it for misrepresentation and breach of contract probably. Your solicitor will look for the deposit back from the vendor's solicitor. The vendor will have to sue you if he wants you to complete, and if I was his solicitor I would be strongly advising him not to do so. I doubt very much if he will sue you and suspect that if your solr sticks to his guns you will get the deposit back eventually, without having to formally issue proceedings. It will probably take a few months with all the to-ing and fro-ing.
If I were you I would hold off on buying anything else until all of this is resolved.
Best of luck.
Kate.
I think your costs should be relatively low. You will refuse to complete the contract and rescind it for misrepresentation and breach of contract probably. Your solicitor will look for the deposit back from the vendor's solicitor. The vendor will have to sue you if he wants you to complete, and if I was his solicitor I would be strongly advising him not to do so. I doubt very much if he will sue you and suspect that if your solr sticks to his guns you will get the deposit back eventually, without having to formally issue proceedings. It will probably take a few months with all the to-ing and fro-ing.
If I were you I would hold off on buying anything else until all of this is resolved.
Best of luck.
Kate.