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The fact that the vendor might increase the debt or fall into arrears sounds like a very good reason to me! Let alone the risk of the vendor dying... I don't think any reasonable purchaser would approve the early release of deposit when there's potential harm to their position, and no benefit...

Given that there are conveyancers and solicitors who interpret the Act differently, are you able to provide any reference, Kristine? In particular about "satisfaction" being defined and compulsory rather than at the purchasers' discretion? And about permission having to be "reasonable"?

If you don't refuse within 28 days, it will be automatically released. I think what your conveyancer is suggesting is that you don't have a valid reason for refusing. Reading S27 of the Sale of Land Act, it would appear to be true that you do have to give a reason for rejecting an early...