Kim & Tim

We bought off plan in March 2004, with a verbal indication that completion would be around summer 2006. Our contract states that we could withdraw if the property was not ready by December 2006. As there were no signs of completion by the end of December, we decided to buy elsewhere in the knowldge that Polaris Word would refund our deposits as per the agreement.  However, PW are refusing to refund our money saying that the property was ready (!), despite there being no notification to us or my lawyer to this effect.

We are having take legal action to recover our monies. Has anyone else had a similar problem?

Hi Clive

I bought an appartment with a completion date ofend 2005 on my contract. Th appartment block had not been completed by that time and I enforced the clause in my contract and recieved my money back. I was however advised by my Lawyer that the polaris definition is that the building is ready  not whether it is ready for completion. I am not sure if this has been tested yet perhaps someone can advise.

Also bought a townhouse which is now ready and absolutly fantastic.

Regards

Steve C