28 Mar 2008 1:16 PM:

Thank you for your responses and especially Marias`. We will endeavour to make sure that we include the terms as suggested. Once again, many thanks.

 

 

Thread: If you need an independent Spanish Lawyer go to Maria de Castro and her excellent team

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28 Mar 2008 9:20 AM:

We have cancelled our private purchase contract for an off-plan property on an urbanisation due to delay and lack of a bank guarantee. Completion should have been September 2006.

We are looking for advice regarding a proposal just recently made by the developers` lawyer ; to repay our deposit along with legal interest in x12 monthly installments, guaranteed by a mortgage that the developer will take out on one of their properties.

In order not to have to go through the Courts we feel inclined to agree to this offer. Has anybody come across this type of arrangement before? And what,  if any, could be the problems?

 

Thread: If you need an independent Spanish Lawyer go to Maria de Castro and her excellent team

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27 Mar 2008 12:00 AM:

We have cancelled our private purchase contract for an off-plan property on an urbanisation due to delay and lack of a bank guarantee. Completion should have been September 2006.

We are looking for advice regarding a proposal just recently made by the developers` lawyer ; to repay our deposit along with legal interest in x12 monthly installments, guaranteed by a mortgage that the developer will take out on one of their properties.

In order not to have to go through the Courts we feel inclined to agree to this offer. Has anybody come across this type of arrangement before? And what,  if any, could be the problems?

 

Thread: Repayment of Deposits

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