Hundreds of buy-to-let investors have already been pursued through the courts for trying to wriggle out of off-plan contracts.

In the Telegraph, a warning, courtesy of City lawyers Wedlake Bell... if you're trying to "wiggle out of" a relationship with a new-build that now - without the economic beer-googles - looks less than attractive, you can run, but you won't necessarily be able to hide. A recent judgement suggests that foregoing a deposit isn't a legal option. You do, in fact, need to buy the property, with damages stretching to the difference between the deposit and the value of the property at the time contracts were exchanged. Yowza.

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