What happens if a house burns down between exchange and completion

What happens if a house burns down between exchange and completion?

If the house that you’re buying burns down between exchange and completion, you still have to go ahead buy it. As for who is responsible for the damage can be a bit of a grey area, although the seller is contracted to look after the house and repair any damage. The seller is obliged to keep the property in the same condition it was when contracts were exchanged. That would mean that if there is property damage between exchange and completion the vendors are liable.

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