27 May 2008 5:37 PM:

My friend bought off plan February 2006 in Phase 1, me in Phase 2. Both contracts stated August 2008 as completion. She gave power of attorney to solicitor but was given no notice of reecent meeting with notary  to complete. She has now been offerred a much lower subrogation mortgage than originally discussed with builder's bank. Not a single lawyer turned up at notary's office (other buyers in same position with mortgage).
We have just found out that the glossy published document which gave furniture and details of spa, restaurants etc, plus rental guarantee, developer going to operate as a 5* resort complex, are not going to happen. We didn't realise that what was in the SALES document should have been in our contracts. We knew when we bought that a higher price was being charged to have the furniture and rental guarantee but felt it would take a lot of pressure off.
We now find out that there was never a bank guarantee issued to our solicitor (because of some problems with the bank). My friend is now being faced with 6% interest from April for not completing at notary. She has still to sort out a mortgage because the bank is not replying to her emails. 
Can she just withdraw because of the lack of bank guarantee?
I have been offered return of my deposit, but no mention of interest.
Our lawyer was paid upfront, so are we entitled to return of some money paid for legal completions costs?

Thread: Voluntary dismissal

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