Parking Bay option removed after legal proceedings started

pararct

mark7144 wrote: »

That's exactly what I plan to do... delay as long as possible and keep a look out around that area.

Once the Housing Association start giving me a deadline, I will then tell them I'm pulling out. Then if I'm very lucky, this might push them to speak to the developer again and see if they can persuade them to change their mind.

If you have definitely decided not to proceed (without the parking space and why should you) then simply ignore any correspondence/contact from them. Instruct your solicitor that if they contact him/her then they should be referred directly to you.

They have messed you about so a bit of quid pro quo is in order unless of course they pull a parking space out of the hat.

jimjames

mark7144 wrote: »

For both.


I can walk away but that would be a huge failure for me. I'm desperate to get this flat but can't live there without parking.

In that case I'd say walk away and find another that has parking. It sounds like it could be a hassle even if you persuade them to sell a space to you as the rest of the spaces could be sold to people other than the residents. If that happens I imagine the parking in that block would be a nightmare.

westv

mark7144 wrote: »

However, the developer has now come back and told me they have changed their mind and will in fact only offer the parking bays to commercial buyers for the moment.

Commercial buyers? Non shared ownership domestic buyers??

Jeffrey_Shaw

And just what is a 'commercial buyer' in this context, anyway?

mark7144

"<developer> has advised that they still have some spaces available for purchase, however, they have yet to offer any of the spaces to the private lessees of <name of building> nor the proposed tenants of the Commercial units. The remaining available spaces, including the platforms, will be offered to these parties first, at a price of £20,000.00.

If there are any remaining spaces or platforms these will then be offered to shared owners at the same price of £20,000.

I know this is not exactly what you wanted to hear, but at least you now know the score and can make a decision based on this information. I can only apologise for passing on the original information I had, which was in good faith, and didn’t take into account the fact that the developers would change their mind!"

Jeffrey_Shaw

'Commercial units'- where and what [ground-floor shops?] and how many in relation to the flats?

mark7144

I'm not sure what they mean by commercial units, I haven't replied to the email because I want to delay things.

The parking bays are below purely residential buildings that have just been built and there are very few shops on that street.

keystone

AMILLIONDOLLARS wrote: »

If there is no parking, your purchase price should be reduced by 20K.

That can't be right if the parking bay was extra on top of the purchase price of the property and the additional purchase for the parking space hasn't been agreed.

Cheers

pararct

Maybe the commercial units refer to the ground floor units which will be let out for retail or other use yet to be decided.

Another reason not to proceed, you don't want to live above a late night burger bar or Chinese beleive me.....

mark7144

Having visited there many times, I can't see a possibility of there being anything commercial inside the building itself, only buildings opposite.