Marbella Property Scandal

Steady Westport - to be honest I think you need to be really careful - from what I have read about this policy it is not for every property under dispute - from what I have read and this is by no means definite (so forgive me if I am also stupid) they will only cover those properties that look very much as if they will get the licence anyway - tread with extreme caution - there was a product offered in the UK about 6 years ago that protected clients against negative equity for a ten year period - to cut a long story short it was a scam - bit more complex than that but effectively that is what it was. I am not saying this is a scam but it is vital to check that the property one has bought fits all the small print before jumping in with both feet. Anyone considering this should tread with care.

I am part English and part Irish (actually got a bit of Scottish in me too)  and Janice is a valuable contributor - I didnt see the original post so dont know whether things were said tongue in cheek but I know that she has a good sense of humour and if she said something that appeared contentious I am sure it was not intentional -  not the type of person to insult anyone willy nilly (unless they are married or a smoker - unfortunately I am both so come in for a lot of stick)

Rgds

Hi Smiley,

I have just read your reply regarding the Marbella insurance policy. Obviously it is down to the individual to read the small print on any document. I thought I would add the link so that anyone who is caught up in this problem could decide for themselves if it was any good. As for the reply  that Jeansis first posted, I am glad she decided to edit it so quickly. I, like you Smiley am half English, half Irish so we share the middle ground here. I know she contributes a lot  to these message boards, and like all of us has a sense of humour, but me personally I  think it was a bit much. I apologise for calling you stupid Jeansis.

Hi Westport well done - takes a big man to say sorry - not that it matters to you I am sure, but just gone up a couple of notches in my opinion.

The reason for stressing that people tread with caution is that so often when buying/owning here they dont. I have lost count the times I have said people leave their brain on the plane when buying in Spain. This is an extremely new policy and while I really hope its on the level I think people do need to be urged to read the small print - many many of them dont. These people are possibly at their wits end having been given false promises about selling their investment on for them or it will be front line beach or 500% cap growth and 100% rental yield (am I exaggerating too much) and this suddenly gets thrust at them and many of them will not read the small print nor have it checked out.