06 Nov 2008 9:52 AM:

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

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STILL NOT GRANTED  TO THIS DAY AND SO WE HAVE ASK THE LAWYER TO EXECUTE THE BANK GUARANTEE WHICH TO OUR HORROR IS NOW OUT OF DATE.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.



Thread: Bank Guarantees explained

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29 Aug 2008 7:39 PM:

Will do Maria We will let you know how we get on. Just one other thing is  the property classed as finished when its built or only when the FLO is in place Im sure a lot of buyers are confused about this.Thanks Marca

Thread: how do we go about getting all of our deposit back

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29 Aug 2008 6:29 PM:

Thank you Marie for your advice. Do we now just ask our lawyer to exacute the bankers guarantee. if so what sort of cost if any will there be, and will we have to take the builder to court.Many Thanks Marca















Thread: how do we go about getting all of our deposit back

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28 Aug 2008 12:00 AM:

The property we are buying has no FOL. we put a deposit down in Dec 06 and told the property would be butilt and finished June /Sep 07.In Oct 07 we asked the lawyer to get our deposit back because the property was not built or finished.The builder did give us a builders guarantee.
She told us the build was slow because of a change of Mayor and it was not the fault of the builder.The property was not finished until Jan 08.We told the lawyer we would not sign until the FOL was issued the lawyer then told us it would be ready in March. Then in June08 we asked about the FOL the lawyer said she was in reciept of it.
When we asked for a copy to be e-mailed the lawer said the builder had it and they would forward it.The Builder then said it would not be ready untill Sep 08.
We have spoken to people that have moved in without the FOL and they have told us that it won't be ready until Jan 09.
All we want to know is how we go about getting our deposit back because we are just sick of being messed about.
Any advice Marca


Thread: how do we go about getting all of our deposit back

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