24 Oct 2006 8:26 AM:
Hi Gary,
We are now approaching completion and just wondered whether you know anyone, or anyone on this site knows of anyone, who completed in DV in either phases but did not take the developer's mortgage. If so, were you asked to pay the breakage costs on the developers mortgage, which I believe is 1-2% of the outstanding mortgage (quite a lot of money!) I have heard that this may actually be an illegal clause in the contract, as it is so unfair to the purchaser, but just wondered if anyone has managed to get out of this clause, or whether it wasn't in your contracts to begin with. Any help you can give me on this would be gratefully received.
Thanks
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