21 Feb 2011 11:45 AM:

Thanks for the comments strobes/weemick

I'm sure there is nothing to worry about in this case given the late completion. I would also be very surprised if the banks would lend even we did attempt completion. The banks are already under strain, so why would they lend to an unwilling buyer?

 

Community thread: Hallo

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19 Jan 2011 11:12 AM:

Hello guys

I am in a similar position in that i was a Fairways buyer but was luckly enough to have my deposit (and interest) paid back by the insurance company

The concern i have is that the contract still exists and so the developer could still force completion at some future date. I'm sure this is unlikely, as the insurance company would not have paid out if the contract was not rendered invalid by late delivery.

To those who have managed to claim from the insurers, what is your position? Have you managed to cancel the contract with the developer? Any thoughts would be very welcome

Rgds

Mart

Community thread: Hallo

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