22 Jul 2009 1:35 PM:
Hi
Just come across this blog site.
I have been reading some of the posts and I can confirm that we were told that as the development was given a tourist licence it was a condition that the Hotel Management was put in place. There were 2 rental guarantee schemes apparently.
the first one offerred a higher rate with no personal use and the second one offerred a lower rate with (I think) 8 or 9 weeks personal use which is the one I was going to take.
I understand that the Insurance policy would pay out if the development started late or was finished late but the Insurance company's argument was that it should only have to pay out if it finished late. However, accroding to Lexland the Court has agreed that it should pay out for starting late. My apartment was due to complete Spring 2009.
I have used Lexland for a business transaction recently and it has not gone well. Thier fees appear to be extortionate and I cannot see how the fees they wish to charge for actioning an Insurance policy can be justified.
Has everyone who bought used Lexland or are there other solicitors who have been used and are familiar with this case?
I would have expected it would have been pretty stratighforward to action an Insurance policy once the Court has decided the Insurer is liable. I was also told by Lexland that we would be entitled to recover costs and interest and compensation for (stress!). If the Court has decided that the Insurer is liable then surely it would be a simple matter of submitting a claim form to the Insurer?
Stuart
Thread:
WARNING - VALLEY ROMANO COMPLEX (FOOTBALL VILLAGE)
--------------------------------------