25 Oct 2011 12:00 AM:

Hi Maria of Costa Luz Lawyers

I read one of your posts re:

• Disappointed buyers
• Sellers without buyers.

In brief, it would seem that:

• There are people who have made stage payments for properties that will never be fnished or built.
• There are hundreds of empty properties in Spain that do not have buyers.

In an ideal world, if the:

• Town council has agreed to the building of the homes
• Regional council has agreed to the building of the homes
• There is a habitation certificate

Could the buyers be compensated with a legal property of similar value?

Website connecting part-buyers and sellers

If so, could the town councils and regions get together and set up a website where:

• Buyers record what they've paid
• Sellers say which properties they have that are legally built and available
• An insurance policy covers any difficulties?

Ideal world

In an ideal world, it would be easiest if the buyer could be compensated with a property that does have legal status on the same site.

If no property is available, could the buyers be compensated by a legal property of the same value by a different developer who has empty properties?

Insurance policy

If so, is there an insurance policy in place that developers take out to allow this flexibility?

If not, could it be set up?

What are your views on this?

Kind regards

Hoping

 

Forum thread: Accepting another property in return for payments made

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12 Aug 2007 12:00 AM:

Hello everyone

Does anyone have any news on the granting of the habitacion licences?

Hoping

 

 

Community thread: retiring to jar de cope

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13 Jun 2007 12:00 AM:

Hello people hoping to move into Sierra Golf

I have been following the threads with interest but I confess I am a little confused. Karen C's thread from an earlier post seemed to be based on experience. She said: '

'The land registry literally registers the property ( like in England), so therefore the property does not legally exist without it. Banks will not be able to issue mortgages without the land registry being granted.  The LFO is the licence of first occupation - this is when the builders apply to the council to sign off the area - saying that the area is ready for habitation - ie all roads are built, all amenities  ( gas, electricity, phone lines etc) all street lights etc. BUilders don't usually apply for this until they know they have met the standard as I think they can be fined if they fail. Until the builder is granted this, you will be on builders electric as the utility companies will not install until then. This can be applied for  when each phase is completed. The first stage is the land registry, you need this before anything else.

The land registry for my development was applied for in October last year, and was only granted at Easter this year after much pressure from our builder. As a lot of us have bought as second/holiday homes many of us needed a mortgage to complete. The only people living on our development before this, were those who bought outright but they took as chance as until the land registry is granted, you are unable to sell on, as the house literally does not legally exist'.

 In plain terms, does anybody know:

. What exactly is the licence that Masa has applied for?

. What does this particular company mean by the term 'handover'?

. By the term 'handover', does it mean that it will still need to apply for a licence of first occupation that seems to be indicated on an earlier thread?

. Is it the case that only BBVA will grant a mortgage immediately as it is financing the development

Any clarification from any source would be appreciated.

Thank you

Hoping

 

 

 

 

Community thread: state primary schools in the mazarron area

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04 Jun 2007 9:20 AM:

Hello Sue

Thank you very much for this information.

I have read that it can take up to six weeks to get a certificate of habitation, so, fingers crossed. Maybe people will be able to move in by the end of July.

Like you, I'm frightened of being disappointed again but you never know!

Thanks again

Hoping

 

 

 

 

Community thread: Directions to Manilva required

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17 Apr 2007 9:09 AM:

Hi Thembi and Colin

What is the land registry issue?

Hoping

 

 

Community thread: Passport length

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