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Arenal Golf - Phases 2,3,4,5 forum threads
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20 Dec 2006 12:00 AM by butterm Star rating. 1 forum posts Send private message

Hi everyone,

I purchased an apartment in phase 4 block 11 way back in sept '04. Originally as you all know the completion date was 31st Dec 06. I've contacted Arenal recently and they informed me the completion date will be delayed but would not give me any time scale, although reading through this forum it seems many of you have been told March '07.

As far as I was concerned I would not have to part with any more funds untill completion, yet my solicitor's have informed me that I need to have the remaining funds held in their spanish bank account before 31st dec '06 (to show the developer I have the monies available)

Is everyone else in the same boat???

Any replys appreciated :o) 

Martin



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20 Dec 2006 4:54 PM by neutral Star rating in Dublin/Benalmadena C.... 172 forum posts Send private message

Hi Martin,   

We're block 7 also told dec 06 but its now march 07 (according to sales office Arenal site  early november)so I certainly will not be releasings funds until I have an agreed date on paper with Arenal and solicitor.

 

Dave.   



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20 Dec 2006 7:15 PM by babe Star rating. 177 forum posts Send private message

we are in phase 4 block 2 and were allso told end of dec have been to see apartment and its ready but we have not been asked for the final payment arenal told us we would be informed by letter of sigeing date  looks like your lawyer  looking to earn some intrest off your money .if you have it just show bankers garentee it there


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20 Dec 2006 8:21 PM by linnie Star rating in London/Benalmadena P.... 69 forum posts Send private message

linnie´s avatar

This is irregular practice and if you are getting a mortage the bank will certainly not release funds to give to your solicitor prior to completion. All final payments are dealt with at the time of signing at the Notary's office. As people who have bought property in Spain over the years,commercial and residential, our strong advice to you is to change the lawyer as something doesn't smell right here.

Our lawyer has been representing us since 1988 on the Costa del Sol so if you would like to run this past him, send me a private message and I will give you his details.  He is local to Arenal Golf, his office is in Arroyo de la Miel and he speaks perfect English as does his secretary who is English but married to a Spaniard. His office closes for Christmas on 22nd December until January 2nd.

By the way we are buying in Block 11 Phase 4 too and have been told by Arenal  in Marbella Head Office that completion would be end March 07. We are buying from Arenal direct and they have not asked us for any money prior to completion.

Who did you buy your apartment through and was this solicitor recommended by them?

Regards


_______________________
Linda xxxxx


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