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Bank Guarantee
Posted:
Sun May 17, 2009 8:22 pmby billy
Just curious if anyone has exercised their bank guarantee option on this develpoment. If so how have they fared out
Billy
Bank Guarantee
Posted:
Thu May 21, 2009 2:27 pmby Anonymous
Hey Billy,
we just completed on our Bank Guarantee. It took several months but got there in the end. Interest was included in the refunded amount which covered the legal fees and converting to stg gave a small profit.
Could not pass up the opportuinity to get a refund once the delivery date had slipped and the property price spiral had kicked in.
Have you exercised yours ?
PTN
Posted:
Mon May 25, 2009 3:46 pmby dunfirth
Hi
Just interested in which bank handled your bank guarantee, mine is not due up until October '09, and I just wondered how you went about getting your money back.
Best wishes,
Gerry
Bank Guarantee
Posted:
Tue May 26, 2009 8:58 pmby Anonymous
Hi Gerry
it was held with Solbank. They seem to have been decent enough to dish out the cash. Seems from other posters that other banks are not as willing.
Basically I asked the Solicitor to execute the BG. I had to pay everything that was owed as detailed on the BG - leap of faith.
Luckily it worked out for us .. after a few sleepless nights
PTN
Curious...
Posted:
Mon Nov 09, 2009 11:54 pmby billy
Hi all,
I'm looking to know if anyone had a bank guarantee with Caja Duero (Bank) which they have sucessfully exercised.
Appreciate any information
Billy