Anyone Purchasing Property From Ambasun Bulgaria?

mark08

Hi everyone,
See you all tomorrow at 1100am.

andatpompey

Hi all
See you there @ 11 in the foyer

Southbound
M1 Motorway
Junction 21/21a
Leicester Forest East
Leicester
LE3 3GB

George6

Hi all,

Already phoned Tim to say that we cannot manage tomorrow! Hope we can get something sorted out soon.

We too had email yesterday with copy of Agenda for Meeting in Sofia.

mistypip1

For those who have a property at Dawn Park there are some new pics of the interiors
http://www.delagio.bg/index.php?page=property&tabid=17&propid=4
It looks beautiful

SNB_2

Hi
We are also buying in Cornelia 1 and have been asked for our final payment. We will see you all tomorrow at 11am
Nicky & Simon

dopester

Any news to update with?

marvid

Has anyone arranged a mortgage secured against any of the properties?? (not rmortgaged their own UK property to raise the money)

I am interested because if a Lender be it English or Bulgarian has agreed to lend money secured against the apartment then they would be confident the develpment will be completed.

This would put all our minds at rest.

bulgarian_headache

Hi guys
I hope things are looking a little clearer after the meeting today. Any new information or revelations?

JDC1

marvid wrote: »

Has anyone arranged a mortgage secured against any of the properties?? (not rmortgaged their own UK property to raise the money)

I am interested because if a Lender be it English or Bulgarian has agreed to lend money secured against the apartment then they would be confident the develpment will be completed.

This would put all our minds at rest.

Hi All,

I have just found this forum and have been very interested in all your comments. Me and my Husband are purchasing an appartment in Cornelia 1.

In reply to the comment above, we tried to arrange a mortgage through Alpha Bank (Bulgaria) and they have refused the mortgage application due to the property being at a resort location and not worth the amount we were asking to borrow and certanly not on the grounds of affordablitiy from us.

To explain further we applied for a 70,000 Euro mortgage and the bank have only vauled the property at 40,000 Euro (Which is very worrying!!). Due to the current climate they would only agree to lend us half of that value which is 20,000 Euro. We have paid the first payment of 31,000 Euro. We now feel that it would be a mistake to try and raise the rest of the money in UK as i dont believe the property will ever be worth what we have been asked to pay and that the further investment needed for the area would be a long time coming - if ever!!

We have recieved an email from Nadya stating that if we terminate the contract we will lose all the money we have paid to date, as this is bulgaria law .... ?? When in fact the contract clearly states only the deposite is non-refundable.

I would be interested to hear any of your thoughts and if anyone else is in a simlar position. We feel that we have been led down the garden path by both Ambasun and Cornelia group.

Kind regards JDC1

noel1123

JDC 1

Have you held back on your final payment?