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I haven't got my finance yet, can the Vendor withdraw from the Contract?
In most cases, the vendor will be just as keen to continue with the sale as you are to purchase. So long as you comply with the conditions of the Finance Approval Section of the Contract, you can request an extension. If the Vendor will not grant this extension, it is the Purchaser who has the option to withdraw from the Contract. If the Purchaser does not wish to withdraw, then the Contract of Sale will fall unconditional and the purchase will proceed to settlement.
Disclaimer: The information provided on the Right Choice Conveyancing web site is not intended to be legal advice. Many factors unknown to us may affect the applicability of any statement or comment that we make on the Right Choice Conveyancing web site to your particular circumstances.