29 May 2009 3:41 PM:
Hi Maria
Thankyou for your reply.
On checking our contract, it states in the "Inicio de las obras. finalizacion" section, that they must commence building within 120 days of planning permission being granted( july 2008), and shall be completed within 27 months. The property will then be put at the disposal of the purchaser within one month after receiving the administrative authorisation for its occupation.
In the terms and conditions of the sale, it states that the final payment must be made by 30th June 2009.
Does this mean that the property is not overdue until at least October 2010? If so, then the bank guarantee that everyone has is of no use anyway.
Is it correct that you would have to go to court and lose the case against the builder, in order to only lose 20% of your deposits paid? and presumably you would also then have to pay extra legal fees and costs.
Would it be better to try and negotiate a lower price or secure a better excgange rate?
Thankyou again for all your help and advice.
Thread:
Unable to obtain mortgage!
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