3rd Payment

Hi

We recieved our bank guarantee for are second stage payment in oct 08  have sent numerous e-mails to polaris regarding   when are next payment is due , but as always no response have since been in- touch  with my soliciter who has advised me not to make any more payments  unless polaris can grant that the guarantee will be issued at the same time has we make the payment  Iknow the timescales involved with polaris sending out the bank guarantees just wondered has anyone been successful in getting there guarantee  granted  the same time as there payment is made

Regards

Graham

Hi Graham

Third payment is due on completion and handover of the property and there will be no guarantee involved.

Regards

Dave

Hi Dave

Sorry my fault I was counting my deposit as my first payment it is my 2nd major stage payment  I am buying  a penthouse apartment on phase 2 but  I am bit concerned over the lack of information comming out of polaris regarding payment dates , star date of building phase 2 have been in touch with my soliciter and he advised me not to make  my 2 nd payment unless polaris can  grant the bank guarantee at the same time has the payment (can't see them agreeing to that ) but hey we live in hope

Cheers

Graham    

Hi Graham

I am in more or less the same boat and indeed was due to pay the 15% in July 2008. As the guarantee is still not forthcoming and PW have not been chasing me for the 15% installment that is where the matter rests & in fact I am not unhappy at this stage to leave it that way. Your solicitor is quite right - under no circumstances pay another penny until you get the guarantee. Call me an old cynic but I am not overly convinced that the guarantee offers any huge protection in the current financial circumstances anyway

I would suggest that you email PW (make sure you save a copy of the email)  and advise them that your solicitor has told you not to make the 2nd payment until such time as the guarantee is received. This will put the ball in their court and there should be no possibility of them claiming that you simply didn't pay and seek to apply interest from the due date.

Hope this helps.

Dave