28 May 2009 19:13:

HI Maria,

            thank you for the information on the bankers guarantee, we have one from the developer .

Our contract doesn`t state any specific start dates just completion dates which are supposed to be March 2011.Our bankers guarantee states that if the development isn`t finished on time then the developer has to return any monies paid as deposits plus the same again.We know that the development isn`t going ahead as the developer is offering people to transfer their deposits to other developments that he has already completed at a discount, but as we could possibly get double our monies back then were holding out.When would be the date we could start proceedings against the developer with the bankers guarantee and what is the procedure for this.Please could you advise as we have never gone through this before and are unaware of the procedures

            many thanks

       richard

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26 May 2009:

Hi all

anybody paid deposits on a development called portabello by a developer called proindal, we were introduced to them by MRI, The development was due to complete march 2011, but hasn`t even started yet, we are in constant contact with our solicitor and our last update said that with the financial situation as it is at the moment the developer is still  trying to raise funds to start but, he is giving people the option to switch your deposits to other developments which he has already completed but at a discount.We have a bankers quarantee in place which is all in order, so we aren`t concerned if it doesn`t go ahead.As we were introduced to this development by MRI, we have recently been contacted by them from their Marbella office, offering of a meeting with their directors to see if they can do anything to help with the situation of Portabello. Have heard many rumours about the reason for the meeting and what goes on but not heard anything from people who have actually met with them, therefore am wondering if there is anybody out there who has acual first hand info on this matter, and can also shed any further light on the developers situation

           many thanks

            richard

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Thursday, August 28, 2008:

Hi,
    please could anyone enlighten me as to whether spanish banks do mortgage protection like at home or if it is possible to take out mortgage protection in this country for a spanish property if they don`t.
                                                many thanks
                                        Richie


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17 Apr 2008 8:36 AM:

Anybody about to complete on  al  andalus veranda agua in vera . Our contract states completion third trimester 2008 which was september but we have now been informed it will be june. due to the decreasing value of the euro we were considering waiting untill our original completion date but don`t know if there are any charges for this .also is anybody considering the developers mortgage on this property. need advice anybody !!


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Wednesday, April 09, 2008:

 does anybody know of anywhere we can advertise our apartment for rentals that does free advertising.Have looked at some places and they charge for advertising plus take a % if they get you a booking.


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