Quick reads
There are many reasons why a deal can fail at different points in the process but, after an offer has been accepted, the primary ones are as follows:
- Seller pulls out
- Buyer pulls out
- Funder pulls out
- A co-buyer pulls out
- HMRC might be too slow to sign off on a formal tax scheme.
- Due diligence highlights some issues which can’t be resolved
- Funding can’t be found to complete the deal
- Lawyers are too slow or unfocused which causes frustration on the part of the sellers
- FCA compliance is required for the deal to complete