Are Deposits Refundable UK?

Whether deposits are refundable or not in the UK depends on the contract between seller and the buyer. However, legally there is no law asking a seller to refund a deposit. When a buyer puts some money to secure an item, that means that he/she is entering a legally binding contract with the seller. If the buyer changes his/her mind because of whatever reasons, the seller doesn’t have to refund the deposit.

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Resource:

  1. how to calculate a security deposit refund? – http://www.ehow.com/how_2118199_calculate-security-deposit-refund.html
  2. how to check if the irs direct deposited my refund? – http://www.ehow.com/how_7465435_check-irs-direct-deposited-refund.html
  3. how to direct deposit a tax refund check? – http://www.ehow.com/how_7365927_direct-deposit-tax-refund-check.html
  4. how to have tax refunds direct-deposited? – http://www.ehow.com/how_9714_have-tax-refunds.html