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Sale and purchase 'escape' clauses

Sale and purchase 'escape' clauses National Propertyscouts

Be wary.. theres been a law change

Under changes effective from December 6, 2019 buyers must provide evidence (like a letter from their bank) stating that they have been unable to secure appropriate finance. This is a significant change to sale and purchase agreements and it's imperative that potential purchasers understand the implications as if they can't provide evidence they can't raise the finance, they could be forced to proceed with the purchase or face other legal action by the property vendor.

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