solicitors charges for purchase of property

Weeman

There was no sign of any building activity over Easter on our 3 blocks. We are back in a fortnight will let you know if there's any construction taking place

Mike

Thanks Mike.

I just need confirmation that these will not be completed by End of August so as I can then exercise my right to cancellation.

PW Customer services are implying that they will be available.

Cheers

IAN

Hi Ian

Will be going by a couple times while we're over there, so will let you know what the score is. Can't really see them building a block from scratch in about 4 months. I have a couple of panoramic views on my wall taken from the railway station. If you look over towards the Polaris information sign at phase 4, I think it is, In July 06 the skeleton of the block had already been built but still wasn't fully complete by Easter this year, so extremely unlikely that it will be anywhere near complete. When I said "our" that's not strictly true, as we swapped onto La Torre, but we still have a pile of bricks on Phase 6, hence our continued interest in HR.

Mike

Hi Ian

The building work has definitely commenced. The skeleton framework is more or less up for all three blocks. I have internet access problems at home currently, but will try and upload some pictures as soon as possible

Regds

Mike

Hi Mike,

Looking forward to seeing the photo's.

My key question is do you think completion and handover is possible by the end of August?

Ian

I'm not a betting man but.........No way. It's just a skeleton. Will hopefully be able to load them in an hour or so if I'm still awake

Regds

Mike

Hi again Ian

Job done, photos uploaded as 16th June 2007

Looking at some other photos I'd guess minimum 6 months

Mike

Hi Mike,

Thats good news.

Really appreciate your help.

Next stop more pressure on PW Customer Services.

Will keep all advised.

Ian

Hi weeman,

I have exercised my right to cancel and today was told after 6 months of wrangling that they wouyld not be returning my money and I would have to complete or lose my money.

Can you let me know if this is the case for you and if so there is definately a need to go to the papers/ watchdog about this matter as you suggested earlier.

Marco

It's been a long time since my last post - but I've been busy behind the scene. Good to see our efforts paid off and watch dog reported the iregularities of PW cotracts.

With the housing market slowing in UK and Europe I really feel that,unlike 3 years ago when we were being sold HR there will be no capital growth. This is fine if you want a small apartment to use for yourself but I want a return.

1. Investors will dump property and reduce prices. I know of several who bought 3-4 and our financially stretched.

2. Rental yields will fall due to vast competition in the area not just PW

3. Vast majority of apartments are 1 bathroom and I with a family of four would want 2 bathrooms if renting (Hind site is a woderfull thing)

Anyway with this in mind I have worked with my legal team, broken my contract and received my funds back Ironically the euro has strenghrend against the pound and we were able to get more back than we paid. Call it our compensation. 

For those of you completing enjoy - We are out!!