The personal representatives of a deceased sole buyer are bound to complete the contract1.
Some delay in completion may occur because the purchase deed will have to be redrafted to reflect the change in parties and the personal representatives cannot complete until they obtain the grant of representation. If the purchase was due to be financed by a mortgage, the death of the borrower (the buyer) will usually mean that the offer of mortgage is withdrawn and the personal representatives may therefore find themselves with insufficient funds to complete unless alternative funds can be arranged
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234