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Oh, OK, I'll shut up then. :D

Because I want my property sold, and I have an unconditional contract, and thus I'm legally entitled to have my property sold by the date specified in the contract. If you can't or simply won't settle, at the very least I want to reserve my right to sue you for the 10% plus any extra damages. If...

As Terryw rightly points out, your solicitor is best positioned to provide you advice on this matter. If I were the vendor, I'd be arguing that it wasn't adequate, sorry :o, but you're unlikely to get a black and white answer without testing it in Court, and you want to avoid that like the...

I don't think anybody's disputing that, I think the angle is "well, if you're stuck with buying, and the only reason you wanted to crash was due to building report, and the building report's not actually that bad, then it may not be a bad thing that you have to proceed". :)

Yes, I'm with alexlee. I think if they sense that you have no money and can't get finance, the vendor's solicitor will advise their client to drop it and get looking for a genuine purchaser, but I wouldn't count on it. Ouch. Tell us specifically what concerned you about the building...