06 Nov 2008 9:52 AM:

DID THE BANK NOT TAKE OUT AN INSURANCE POLICY ON THE BG

Forum thread: Banco De Valencia

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06 Nov 2008 9:35 AM:

WE WERE NOT INFORMED TO MAKE A NEW BANK OR DEVELEPERS GUARANTEE WHEN THE BANK GUARANTEE RAN OUT IN SEP 07. THE BUILDING WAS NOT COMPLETED.
WE WERE TOLD THE BUILDER HAD A RIGHT THAT WE WAIT ANOTHER THREE MONTHS BEFORE WE COULD CLAIM.
THE BUILDING WAS COMPLETED IN THE JANUARY.
UNFORTUNALTLY THE PROPERTY HAS NO HABITATION LICENCE WE WERE TOLD IT WOULD BE ISSIUED IN MARCH AND TO GO WITH THE DEVELOPERS MORTGAGE AND COMPLETE.
WE DECLINED AND SAID WE WOULD WAIT FOR THE HABITATION LICENCE TO COME THROUGH AND GET OUR OWN MORTGAGE.
THE HABITATION LICENCE IS STILL NOT GRANTED  TO THIS DAY AND SO WE HAVE ASK THE LAWYER TO EXECUTE THE BANK GUARANTEE WHICH TO OUR HORROR IS NOW OUT OF DATE.
WITH THIS CREDIT CRUNCH WE FIND WE MIGHT NOT GET A MORTGAGE NOW
THE BUILDER HAS STATED THAT WE WILL LOOSE ALL OUR DEPOSITS. THIS CANNOT BE RIGHT WHO IS AT FAULT HERE.WE SHOULD HAVE BEEN LOOKED AFTER BY OUR INDEPENDANT LAWYER WHO BUY THE WAY HAS FIRMS ALL OVER THE WORLD ALSO HERE IN UK.
WHO IS TO BLAME .THE BUILDER THE BANK .THE LAWYER .US
THE PROEPRTY IS DEEMED NOT LEGAL UNTIL THE HABITATION LICENCE IS THROUGH SO WE COULD NOT LIVE IN IT  RENT IT SELL IT OR INSURE IT.
WE SHOULD BE ALLOWED TO GET OUR FUND BACK WITH HAVING TO GO TO LITIGATION.
CAN ANYONE HELP PROVIDE US WITH SOME ANSWERS WE ASK OUR LAYWER BUT THE EMAIL JUST GO UNANSWERED.



Forum thread: Bank Guarantees explained

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26 Sep 2008 4:57 PM:

Hi everyone
Has anyone heard if  habitation licence has come through yet for phase 1  two and phase 111 we were promised Sep 08 but Activa still have not got back to us.Marca

Community thread: Completing in a couple of weeks

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12 Sep 2008 8:29 PM:

Thanks for getting back to us. if you have no habitation licence the property is illegal to live in. so if you have a bank gaurantee to can ask your lawyer to execute you'r gaurantee. maybe that way you wont loose everythink.did you have Activa lawyers you can also use this to put of completion as no bank will give a mortgage until the L O H is in place. Have a nice weekend Marca


Community thread: Completing in a couple of weeks

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12 Sep 2008 6:29 PM:

hi bag fish have you moved in yet and have you recieved your LOH We are on phase 111 but have waited until they builder provides us with the habitation licence.if you have moved in what it like and are you happy.Hope to hear from you soon.Marca

Community thread: Completing in a couple of weeks

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