It looks like we've just bought a flat. The much-vaunted Scottish system is enormously frustrating at the early stages, as each property is essentially sold via blind auction. But now we're in a good position because we can pull out if the survey reveals anything unpleasant, or we can reduce our offer, or whatever, but the seller can't sell to anyone else, or decide they're not selling after all. Whee!
[rab] How exactly does that system work from the seller's point of view, then? Is there something that could stop you from dropping your offer down to £10, for instance?