06 Aug 2008 12:50 PM:
We too contracted to purchase an apartment on Condado de Alhama after paying a deposit of 64000 euros. Nine months later we received notice from PW that the development would not be proceeding due to planning problems. We were offered a 10% reduction on another PW development which we declined & asked for a full refund plus interest on our money that PW had held for nearly a year. PW agreeed the refund but refused to pay any interest or compensation as the cancellation was 'beyond their control'! Our solicitor advised that the only way to pursue them for interest was through the Spanish courts which could be a very lengthy procedure & would involve untold fees. We settled for the return of our money without interest but spent several hours at PW offices arguing with their legals over the content of the disclaimer they wanted us to sign to prevent us from ever pursuing them for interest on our money. We eventually had the disclaimer changed slightly & they then gave us a cheque for our 64000 euros. As this had been written out from their London branch & we paid it into our Spanish bank account, our bank then charged us 500 euros to clear it. Buyer beware!!!
Thread:
Refunds from Polaris World
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