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La Reserva de Marbella Manzana 2 And 3 forum threads
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06 Sep 2007 12:00 AM by ADT Star rating. 13 forum posts Send private message

After 4 months of waiting and my popential purchasers visiting nearly all of the banks on the costa del sol its official they will not grant a mortgage on La Reserva until the licence issue has been resolved. The purchasers had even bought the furniture but were eventually given the all too familiar Sorry no licence no mortgage. Our estate agent has told us it wont be possible until that all important piece of paper is in place. I have also dicounted the property in price but this still wont attract a sale.

Go on Kenny fill ya boots and tell me you know loads people that have completed. I even sent them to the banks you recomended with good status record.




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07 Sep 2007 8:32 AM by Just Dan Star rating. 440 forum posts Send private message

Good Morning A.D.T

Sorry to hear of your situation and as this paper work is causing problems ,why is the developers Bank allowing completions from off plan.

Cant your buyers take over your/the developers mortgage.

Its interesting that you have managed to get so many interested buyers and therefore your apartment must have been in a good position or you reduced the price to such a degree that it was a bargain

As I am one of many with property in limbo on this development it would be great if we could share both good and bad (accuarate) information.

The information in this case has a profound effect on us all

Regards

Dan




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07 Sep 2007 10:13 PM by Macca Star rating. 8 forum posts Send private message

ADT we are in Manzana 1 and in November last year a Spanish couple bought a ground floor apartment from an English bloke who bought off plan. They told us they paid 220k euro and had no problems getting a bank mortgage. They live there as their permanent home and have spent loads of  modifications and re decorating including to our suprise laying laminate flooring throughout.


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