12 Mar 2010 1:18 PM:

The laws for cars in Spain with foreign registrations are quite clear - you can only use the car for 6 months in any one year (theoretically it should be out of the country for the rest of the time) AND it must be fully legal in its own country of registration. That means that you must have a current road tax disc displayed, have an MOT certificate if applicable and at least third party insurance. This seems to point to the insurance needing to be issued in the UK with an extended 'green card' for overseas use.

If you are leaving the car in Spain how are you going to get it through its MOT test when it is due?

Best thing is to get it onto Spanish plates as soon as you can - pay the Spanish road tax, have Spanish insurance and have a Spanish MOT (ITV) test  - this way you will have no worries and everything will be fully legal.

Jon

 

This message was last edited by jjh on 12/03/2010.
Community thread: car insurance

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25 Jan 2009 1:25 PM:

I also agree with Arsenal and wish that I were in a position to complete, habitation licence or not. As I said in an earlier post (back in November), in my opinion, it is foolhardy not to complete if you have the slightest chance and have worries about Peinsa.

The habitation licences have been issued for phases 1 to 3 and I obtained a copy from Almeriastu just out of interest. Although they contain a condition about some connection between water treatment plants (nothing to do with Peinsa I think) it does say that the document is definitive. My translator may not be quite accurate so ask me for a copy if you want to see for yourself.

This said take a look at Legal Tip 30 on Eye on Spain (it won't let me post the link but if you put the following after the main site name you should get it /blogs/costaluz/1113/legal-tip-30-you-do-not-need-to-renew-your--5768-bank-guarantee-they-do-not-expire.aspx) which says that the BG finishes its life with the habitation certificate.

Put these two together and if your property is in phases 1 to 3 your BG has no effect - you cannot cancel and risk losing your deposit if you don't complete.

I just wish I was on one of these phases. It is of course your decision but I certainly know what I would do.

Jon 

 

This message was last edited by jjh on 1/26/2009.
Community thread: if we all stick together what could we achieve?

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27 Nov 2008 12:00 AM:

 I am not a great believer in internet forums, as the number of posts I have made will testify. They are a great place to exchange information, but, they are also a great place to spread rumours. My rule of thumb is “those that say the most have the least to say”.

However, I offer the following as “food for thought” in the current climate.

If, and I do say IF, the rumours are correct, and Peinsa do, at some point, go into liquidation, what will be the effect on all of us (buyers). Let us look at a couple of scenarios.

If Peinsa tell me that my property is finished. My bank guarantee no longer applies. If I don’t complete and Peinsa liquidate, my deposit becomes an unsecured creditor and the chances of getting it back are no more than a snowball in hell. If, however, I do complete, then the property is mine by right and no longer an ‘asset’ of Peinsa to be disposed of at the will of some third party. Perhaps it would be better to pay the balance and complete as soon as possible.

If I am on a later phase and there is no chance of my property being finished in the near future, what then? Surely I must ensure that my bank guarantee is as watertight as possible. In this way I will be assured (albeit after much work and expense) of getting my deposit plus interest back. (There still seems to be some conjecture as to whether an “expired” guarantee is as valid as any other)

In a nutshell these are the only two decisions I have the ability to make.

So, action is required rather than words. If you are in a position to complete, then complete. This, in turn, will make the chances of liquidation subside, as more cash is injected into the company. Bear in mind, that the deposit you have paid (if under a bank guarantee) is not held by Peinsa, but by the bank specified on your guarantee.

Am I right or am I wrong? The simple facts are often the best. Do you want the development to be finished or not? If you do, then do something positive to bring it about. What I see so far is going to have the exact opposite effect.
 

Jon

Community thread: Food for thought!

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12 Nov 2008 12:00 AM:

 Hello All,

I have never made a posting on this forum before but I have followed the other postings with great interest.

It is now almost time for us to start thinking about what we will have to do before and after completion in order to get our new property up to habitable (and rentable) standards. Any advice which can be offered (particularly by people who have actually gone through these processes) will be most welcome.

Thanks in advance

Jon

 

Community thread: Advice from anyone with experience

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