Selling a boat - acknowledged defect - double reduction / contract cancellation ? Is this fair / legal

[jfm]

This thread is becoming bizarre!

 

[Refueler]

This thread is becoming bizarre!

No - it just got off track by some misreading the original post.

Anyway - its run its course - OP has many answers to sift through ... good and bad ... its his 'pot' now ..

 

[PaulRainbow]

This thread is becoming bizarre!

Becoming ?

 

[Seastoke]

Just hope SeaStoke doesn’t join in !!!!

 

[jfm]

Becoming ?

 

[ari]

Reading this a couple of times makes me wonder why the buyer signed a deal, THEN had a Survey. It strikes me the wrong way round for an expensive purchase. I would suggest the buyer loses gis Deposit unless

Reading the OP a couple of times, what strikes me is why would the buyer sign and then have a surveyor look at it. It seems the wrong way round to me. Unless the Contract says something like 'Subject to Survey', surely the buyer would lose any deposit paid if they walked away from the deal.
And stop calling me Shirley!

The original post said:

A standard style sale contract was then signed by both parties. This provided the buyer the right to withdraw for an undisclosed and significant defect being discovered at survey.

Signing a deal subject to survey is an entirely normal way to buy a boat, done it many times myself. Why would you go to the expense of a lift out and survey without having a signed agreement with the vendor?