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Property Purchase

Postby simba » Mon Mar 01, 2010 1:43 pm

Hello
Can anyone tell me how I can find out some information regarding a recent purchase.
The development is way over due, we have snagging that has not been undertaken after 6 months and are generslly not happy.
We paid 15% at beginning and 75% has been drawn down from the mortgage there is now 5% from both us and the mortgage to pay. Can we at this stage withdraw from this purchase, loose our initial 15% and not continue with the purchase?
We are not sure who we can ask or if this is an option - if anyone has useful advice or knows where we can get this it would be most appreciated.
Thanks.
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Postby Z4 » Mon Mar 01, 2010 2:03 pm

Speak to your Lawyer simba
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Postby simba » Mon Mar 01, 2010 2:12 pm

We are not sure if the l;awyer has some connection to the developer. Just a hunch maybe.
Thanks
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Postby apc2010 » Mon Mar 01, 2010 2:12 pm

Which area is your property in?
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Postby Tim Drayton » Mon Mar 01, 2010 2:17 pm

simba wrote:We are not sure if the l;awyer has some connection to the developer. Just a hunch maybe.
Thanks


If you are using the services of a lawyer recommended to you by the developer, then it is almost certain that they will be in cahoots.
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Re: Property Purchase

Postby Tim Drayton » Mon Mar 01, 2010 2:19 pm

simba wrote:Hello
Can anyone tell me how I can find out some information regarding a recent purchase.
The development is way over due, we have snagging that has not been undertaken after 6 months and are generslly not happy.
We paid 15% at beginning and 75% has been drawn down from the mortgage there is now 5% from both us and the mortgage to pay. Can we at this stage withdraw from this purchase, loose our initial 15% and not continue with the purchase?
We are not sure who we can ask or if this is an option - if anyone has useful advice or knows where we can get this it would be most appreciated.
Thanks.


A lot obviously depends on the specific terms of the agreement that you entered into.
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Postby simba » Mon Mar 01, 2010 2:41 pm

The development is in Argaka, near Polis.
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Postby Z4 » Mon Mar 01, 2010 2:44 pm

Argaka is a nice place
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Postby apc2010 » Mon Mar 01, 2010 2:48 pm

There is a large group of british lobbying the government about problems like yours ,try google,they also recommend independent lawyers.
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Postby apc2010 » Mon Mar 01, 2010 2:49 pm

Sorry they are called Cyprus property action group
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