Spanish Free to air - where to point dish?

It is unfortunate that you use terms below in bold in you original [post because this is  serious and growing problem and there is lots of good advice on this forum whichi beleve explains things well

there seems to be a lot of confusion and misinformation with regard to many aspects of the completion process being posted on here lately,

there also seems to be a lot of panic,

Our advice is based on 4 years of practical experience of working in Spain advising people with these problems and we know of at least 5 other developments where the builder has disapeared leaving owners high and very dry

The fact that some banks will allow mortgage only makes the issue worse as what normally happens is that a bank will loan on the development on the basis thay they are the preferred mortgage provider and may not be quite as dileigent as another

The lawyer may have been recomended by the agent so again there may be another commercial interest

Finally with all of the most recent arrests at Town Halls and even some properties being originally legal ,and then  not legal it pays to be extra cautious

Quite frankly I think there are far too many busybodies scaremongering and whipping everyone into a frenzy!

This is the first post I have felt compelled to post.  I really feel for all the people who don´t live here and are sitting at home in dreary Old Blighty sweating about what may or may not come to pass.

Having lived in Spain for some years myself my advice is to use an independant solicitor and a reputable bank, both of which should, when possible come on recommendation.

Taray are a very reputable builder and one is probably onto a safer bet with them.  I have a mortgage on my property here too.

Hi All

I have now had a reply from P.P.  as follows:

Quote "Taray have indeed applied for all Habitation Licenses for the properties in San Cayetano who have completed however they are all waiting the license to be issued and yes the majority of completions were with a Spanish mortgage."

So what is the problem, lets get out and enjoy!

Regards

PeterD

We have just receieved today a letter from MASA informing us that we have the all clear to come out and take poseesion of our Quad on Manzana 5.

As far as we know we do not have the LFO and there also was a note on the letter saying that we might not be able to sign the deeds on the moving in date.

Is there anyone else who has completed without the LFO and without signing the deeds?

Regards

Steve & Carol Mann

No 18

I have been advised by Taray that they expect to have the LFO by July 2008.

I am not completing without the LFO. Hopefully the exchange rate will have improved by then.

Regards

 

Dave

Hi hope this may help the people waiting for the LFO's and indeed the euro rates! Wehave just returned to the UK after paying for and completing on our property in block 6. Here it is from the horses mouth we sat down with our lawyer and Taray rep in the office of the notary last week,who asked on our behalf ,prior to signing "what dates can they expect the granting of LFOs ???November 2008 is the date Taray give. As for the Euro well we can all wait but the advice we had made sense look how many years the US dollar is taking to come back right ..will it ever was the reply .Infact some experts are saying the sterling will likley weaken further and estimate 1.15 by the end of summer. We are very pleased with our purchace and when you look at it this way you home will be worth just the same to sell in sterling again if the euro rate stays this way every one seems to think that this is just they way the exchange rate is likley to stay...........good luck with your plans and hope to see you out there one day soon, we love it worth every penny