lar sol refunds

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05 Nov 2008 12:00 AM by supra492 Star rating. 32 forum posts Send private message

Any one still waiting for a refund on lar sol, here is a bit of good news. Grupo Lar the developer have agreed a loan and are just waiting for a signature from Morgan Stanley. This should be sorted within the next two weeks. The Bank of Spain have stated that some banks and insurance companies are acting illegally and money should be refunded without any further delay as long as the cancellation criteria have been met. The main one being the completion date not being met, which in the Lar Sol case is never. For those who have been told that you don't have a guarantee, this is rubbish as all off plan developments should come with one by law. I will post more news as it comes.


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06 Nov 2008 5:42 PM by ajcopley Star rating in Derbyshire. 17 forum posts Send private message

Thanks for the update I understand funds will be released very soon and your right that the bank guarantee must be honoured but are you saying that Lar Sol are paying up re compensation etc or is it the bank guarantee that will be paid?


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