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27 Sep 2006 12:00 AM by SteveDi Star rating. 9 forum posts Send private message

Can anyone confirm that they have received their Bank Guarantees from the builder.  My solicitor has said that we will have to pay 600 euros per guarantee. Is this correct?

Steve & Diane



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28 Sep 2006 8:38 AM by Andy B Star rating. 85 forum posts Send private message

Steve & Diane,

Got mine eventually after a lot of pestering. By law it must be given free of charge, if you want to insist on it, but whatever, make sure you get one, it gives peace of mind.

Andy



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30 Sep 2006 4:31 AM by rolls1926 Star rating. 2 forum posts Send private message

No you should not have to pay for bank guarante !! by Spanish laws the builder is obliged ....


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06 Oct 2006 4:53 PM by Phil Pam And Holly Star rating. 5 forum posts Send private message

We have not yet paid the first 50% sum, but will very soon.

 

Do you think any payments can or should be made before the Bank Guarantee is in place as the whole point of the Guarantee is to protect your financial interest/investment?

 

What has everyone else done?

 

Thanks

 

Phil and Pam



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07 Oct 2006 4:06 PM by Andy B Star rating. 85 forum posts Send private message

Yeh, the classic question, what came first, the payment or the bank guarantee? I too wanted the bg in place at the time of payment, but it seems the payment needs to be made first, then they apply for the bg. Mine took a couple of months to come through, just keep the pressure on them!

Andy



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