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Cannot complete on off plan contract

2

Comments

  • mynameisdave
    mynameisdave Posts: 1,284 Forumite
    edited 16 September 2010 at 12:39AM
    Solicitor probably recommended by developer or agent
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    What the OP needs is some serious, independent legal advice, from someone who has all the documents in front of him.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    neverdespairgirl wrote: »
    What the OP needs is some serious, independent legal advice, from someone who has all the documents in front of him.

    Not a lawyer by any chance?

    PS: I know the answer;).
  • mostlycheerful
    mostlycheerful Posts: 3,486 Forumite
    In case you haven’t already read these here’s links to articles

    re suing for mis selling offplan :

    building dot co.uk/sectors/housing/trading-standards-drawn-into-berkeley-%E2%80%98mis-selling%E2%80%99-row/3154500.article

    re defaults and likely costs :

    guardian dot co.uk/money/2010/feb/01/property-developers-off-plan-investors

    According to a comment on thisislondon there’s a no win no fee law firm called myaccess2justice.com 0844 910 5420 who have taken on some cases of offplan defaulters.

    The developers are unlikely to accept it but it might be worth making them a lower offer as they might decide that something’s better than nothing or better than trying to sell it in a dead market.

    Hope this is of help, good luck.
  • Californication
    Californication Posts: 177 Forumite
    neverdespairgirl wrote: »
    What the OP needs is some serious, independent legal advice, from someone who has all the documents in front of him.

    Surely the thing that would most benefit the OP would be a good, hard kick in the knackers? Or is this the happy, huggy forum?

    --C
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is this house in the UK?
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The following case was in Scotland recently - depending on where you are and where your house is will determine whether or not this is likely to set a precedent; the buyer had concluded missives (exchanged contracts) on the purchase, and defaulted before settlement, and the developer sued for the full purchase price.

    http://edinburghnews.scotsman.com/news/Victory-for-developer-in-150k.6503461.jp
  • sunshinetours
    sunshinetours Posts: 2,854 Forumite
    neverdespairgirl wrote: »
    What the OP needs is some serious, independent legal advice, from someone who has all the documents in front of him.

    Indeed - not a kick up the jacksy or a group hug , just some proper advice which he will need to pay for and not get free on here as noone knows the circumstances fully. At least there is one sensible reply on this thread ;)
  • F_T_Buyer
    F_T_Buyer Posts: 1,139 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Go see a Solicitor. It's the only advise you can get from here - it depends on your contract.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    ILW wrote: »
    So you contracted to buy a £200k property for £350k.

    Why?
    More to the point, they contracted to buy a property four years in the future.

    Four years.

    Nothing to add other than consult a lawyer.
    Been away for a while.
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