10 Sep 2008 10:02 AM:

Hi Dan what is the situation with regards to utilities to the lower block as their is an issue around LFO is the developer providing this or not? Do you have a link that I can go to to view the pictures of the development?

Thread: Problems with bank guarantees on Santa Maria Greenhills

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09 Sep 2008 3:24 PM:

Hi Dan thanks for your replies, they are insightful do you have a property on the development? and if so have you completed? In reply to your earlier question we purchased the appartment as a holiday home for family and our friends, feel inlove with the location, when the appartment was not in use we hoped that we could rent it to golfers.

Thread: Problems with bank guarantees on Santa Maria Greenhills

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09 Sep 2008 2:05 PM:

we too have purchased in the lower blocks and have not had a succesful outcome in court. We have just lost our case in the high court and now will have to broker some form of deal with the developer. Is anyone in a similar situation and if you can offer some advise on how to get some money back from our deposit that wold be apprecated.

An alternative would be to complete, but can you get a mortgage on this development? With the Credit Crunch it's hard enough getting a straightforward mortgage never mind on an illegal build in Spain..

Please do advise..

Thread: Problems with bank guarantees on Santa Maria Greenhills

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09 Sep 2008 12:37 PM:

We too bought in the lower blocks with No Bank Guarentee and have not been successful in the courts. the resolution of the high court was that no BG is not sufficent to cancell the contract, no LFO and illegal build even though an architect verfied it was so is still not sufficent grounds for a refund of our deposit. We are noe in the position that if we do not complete we lose our deposit, is anyone else in a similar situation and if so can you advise as to how we can recover our deposit or a least some of it.

Thanks

Thread: Problems with bank guarantees on Santa Maria Greenhills

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