Advance Payments Of IVA

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    • #52122
      Anonymous
      Participant

      Having purchased off plan at a cost of 200,000 euros. Forty percent deposit remainder on completion have been charged IVA on the full amount i.e. 14,000 euros. Is this legal?

      Does anyone have any information on the selling agents Ocean View Properties offices in Uk and Puerto Banus.

    • #64626
      Anonymous
      Participant

      I’m not sure that it’s illegal (though I suspect so), but a reputable company certainly wouldn’t do that. A company with any standards would only have charged you 40% of the IVA at this stage.

      Mark

    • #64773
      Anonymous
      Participant

      I’m not sure that it’s illegal (though I suspect so), but a reputable company certainly wouldn’t do that. A company with any standards would only have charged you 40% of the IVA at this stage.

      Mark

    • #64632
      Anonymous
      Participant

      Thanks Mark.

      Ocean View Properties have other developments on the CDS at Estrella,Gardens of Manilva,Hacienda Guadalupe,Manilva Beach,La Duquesa,Estepona,Mijas and Miraflores and others have they charged clients the full IVA at all these developments .Other purchasers please reply.

      Can anyone confirm that this is illegal.

    • #64785
      Anonymous
      Participant

      Thanks Mark.

      Ocean View Properties have other developments on the CDS at Estrella,Gardens of Manilva,Hacienda Guadalupe,Manilva Beach,La Duquesa,Estepona,Mijas and Miraflores and others have they charged clients the full IVA at all these developments .Other purchasers please reply.

      Can anyone confirm that this is illegal.

    • #64636
      Anonymous
      Participant

      Extract from a letter sent by lawyer…………

      “That our clients are STILL interested in signing these properties, since they have already paid a deposit and the VAT on the mentioned properties
      even though officially and according to Spanish Legislation – purchasers do not have to pay the full VAT until the Title Deeds are signed.

      In this case, proprietors had signed promissory notes in a private contract with ***** through which the full VAT would be paid even if the property was not complete at this time”

      Hope this helps.

      Most articles state that property related taxes are to be paid within 30 days of signing deeds.

      Looks like common practice for OV to charge the full VAT see……

      post by bcollins

      http://www.manilvalife.com/forum/viewtopic.php … c&start=16

    • #64793
      Anonymous
      Participant

      Extract from a letter sent by lawyer…………

      “That our clients are STILL interested in signing these properties, since they have already paid a deposit and the VAT on the mentioned properties
      even though officially and according to Spanish Legislation – purchasers do not have to pay the full VAT until the Title Deeds are signed.

      In this case, proprietors had signed promissory notes in a private contract with ***** through which the full VAT would be paid even if the property was not complete at this time”

      Hope this helps.

      Most articles state that property related taxes are to be paid within 30 days of signing deeds.

      Looks like common practice for OV to charge the full VAT see……

      post by bcollins

      http://www.manilvalife.com/forum/viewtopic.php … c&start=16

    • #64641
      Anonymous
      Participant

      We have bought on Los Corales Estepona site ( 2 1/2 years ago) and paid the full IVA up front.
      I have been constantly chasing them for realistic completion dates, but in typical OV fashion, the goalposts move! 👿
      Would welcome a pm from any other purchasers on this Estepona site to discuss issues

    • #64803
      Anonymous
      Participant

      We have bought on Los Corales Estepona site ( 2 1/2 years ago) and paid the full IVA up front.
      I have been constantly chasing them for realistic completion dates, but in typical OV fashion, the goalposts move! 👿
      Would welcome a pm from any other purchasers on this Estepona site to discuss issues

    • #64664
      Anonymous
      Participant

      I’ve never seen this in my life and looks extremely suspicious to say the least and If I were your lawyer would advise completey against paying upfront all IVA/VAT, it’s ludicrous.

      In a deposit you always pay an amount of money and the proportionate 7% VAT for a new build/off-plan. But you never ever pay all the VAT upfront. No developer would or could ask for that. That’s the EA meddling.

      It’s not illegal providing you agree to it but it’s certainly not advisable. The only reason I see to doing this is that the EA is needing cash badly and has “forced” you to do this.

      Did your lawyer advise or let you do this ??¡¡¡!!!

    • #64849
      Anonymous
      Participant

      I’ve never seen this in my life and looks extremely suspicious to say the least and If I were your lawyer would advise completey against paying upfront all IVA/VAT, it’s ludicrous.

      In a deposit you always pay an amount of money and the proportionate 7% VAT for a new build/off-plan. But you never ever pay all the VAT upfront. No developer would or could ask for that. That’s the EA meddling.

      It’s not illegal providing you agree to it but it’s certainly not advisable. The only reason I see to doing this is that the EA is needing cash badly and has “forced” you to do this.

      Did your lawyer advise or let you do this ??¡¡¡!!!

    • #64667
      Melosine
      Participant

      I wonder if on completion the cost of the property will be in relation to the IVA paid…or as many do under declare !!! Which in this case will mean developer pocketing the extra money.

    • #64855
      Melosine
      Participant

      I wonder if on completion the cost of the property will be in relation to the IVA paid…or as many do under declare !!! Which in this case will mean developer pocketing the extra money.

    • #64802
      Anonymous
      Participant

      Thank you Dorothy.

      Thank you Drakan.

      Drakan

      Contract was approved by UK solicitors recommended by Ocean View Properties.
      Developer now wants to complete without LFO saying granted by Administrative Silence. No Chance.

      Drakan

      Can you please confirm should my names and apartment be specified on my copy of the Bank Guarantee and the amounts that i have paid.
      I have a copy of the BG in Spanish. Thank you very much.

    • #64981
      Anonymous
      Participant

      Thank you Dorothy.

      Thank you Drakan.

      Drakan

      Contract was approved by UK solicitors recommended by Ocean View Properties.
      Developer now wants to complete without LFO saying granted by Administrative Silence. No Chance.

      Drakan

      Can you please confirm should my names and apartment be specified on my copy of the Bank Guarantee and the amounts that i have paid.
      I have a copy of the BG in Spanish. Thank you very much.

    • #64804
      Anonymous
      Participant

      Yes your name, surname, passport number, apartment to be bought, and the amount that is guaranteed. It should also specify when it expires. It should say it’s been inscribed in a “Registro Especial de Avales” and a number should be right beside it.

      For each stage payment you ought to have one bank guarantee.

      i.e. you’ve done three stage payments of 20k each, then you ought to have three BGs that cover all three stage payments for a total of 20 k each including your initial deposit. Normally takes between 2-5 months to obtain a BG.

      Even If a bank guarantee expires before completion you can always request to renew it.

      Yeah well, If the lawyer was recommended by awful estates what can I say…. 🙄 don’t get me wrong, I’m not against REAs it’s just that a few of them really taint the rest.

    • #64982
      Anonymous
      Participant

      Yes your name, surname, passport number, apartment to be bought, and the amount that is guaranteed. It should also specify when it expires. It should say it’s been inscribed in a “Registro Especial de Avales” and a number should be right beside it.

      For each stage payment you ought to have one bank guarantee.

      i.e. you’ve done three stage payments of 20k each, then you ought to have three BGs that cover all three stage payments for a total of 20 k each including your initial deposit. Normally takes between 2-5 months to obtain a BG.

      Even If a bank guarantee expires before completion you can always request to renew it.

      Yeah well, If the lawyer was recommended by awful estates what can I say…. 🙄 don’t get me wrong, I’m not against REAs it’s just that a few of them really taint the rest.

    • #64814
      Anonymous
      Participant

      Is AWFUL ESTATES now known as Ocean View Properties?
      Or …are they two seperate companies?

    • #64987
      Anonymous
      Participant

      Is AWFUL ESTATES now known as Ocean View Properties?
      Or …are they two seperate companies?

    • #64818
      Anonymous
      Participant

      Ocean View…..Ocean Estates…..different companies.

    • #64989
      Anonymous
      Participant

      Ocean View…..Ocean Estates…..different companies.

    • #64866
      Anonymous
      Participant

      Awful Estates is a generic term that refers to all crap agents, though several users of this forum use it to refer to one company in particular.

      Mark

    • #65013
      Anonymous
      Participant

      Awful Estates is a generic term that refers to all crap agents, though several users of this forum use it to refer to one company in particular.

      Mark

    • #64868
      Anonymous
      Participant

      Thanks Mark. 🙂

      On Spam patrol again?? 😉 !!

    • #65014
      Anonymous
      Participant

      Thanks Mark. 🙂

      On Spam patrol again?? 😉 !!

    • #65066
      mariadecastro
      Participant

      Art 75 of IVA Law, on amont due: http://noticias.juridicas.com/base_datos/Fiscal/l37-1992.t4.html#a75

      1. En las entregas de bienes, cuando tenga lugar su puesta a disposición del adquirente o, en su caso, cuando se efectúen conforme a la legislación que les sea aplicable.

      ( Translation: In delivery of goods, when the goods are put at disposal of the purchaser or, are delivered anyhow accorging to the enforceable Law– For estae goods in Spain: signature of Public Deed.)

      No obstante lo dispuesto en el párrafo anterior, en las entregas de bienes efectuadas en virtud de contratos de venta con pacto de reserva de dominio o cualquier otra condición suspensiva, de arrendamiento-venta de bienes o de arrendamiento de bienes con cláusula de transferencia de la propiedad vinculante para ambas partes, se devengará el Impuesto cuando los bienes que constituyan su objeto se pongan en posesión del adquirente.

      ( Translation: Nevertheless what is stated in the previous paragraph, in those delivery of goods which are made by the force of a selling contract with a reservation of title clause or any other supensive condition (…) the tax will accrue when the goods are put at disposal of the purchaser.

    • #65068
      Anonymous
      Participant

      Maria, so as well as earning interest on deposits over a period of 2/4 years these developers are also earning interest on the IVA that legally doesn’t have to be paid until completion ❓ 😯

    • #65073
      Anonymous
      Participant

      Thanks Drakan

      I am now in the process of having my Bank Guarantee translated.
      Your help is much appreciated.

      Thanks Maria very interesting.

    • #74290
      Anonymous
      Participant

      @miximate wrote:

      We have bought on Los Corales Estepona site ( 2 1/2 years ago) and paid the full IVA up front.
      I have been constantly chasing them for realistic completion dates, but in typical OV fashion, the goalposts move! 👿
      Would welcome a pm from any other purchasers on this Estepona site to discuss issues

      hi we have also purchased in this block and just returned from a visit to the site this week end we were devastated by what we found. it is not what we brought, there is not a private pool and gardens the pool is fenced off to the other none ocean view blocks an we will need a key to access it but by walking through a public park first. the back of the complex is an open public park and not a private complex as we thought it would be and were lead to believe by ovp. the pool is just block paved and no planting around it – very ugly. and will be used by all the local residents from that block as the development is a residential one and popular with the local Spanish. we did some investigating whilst in Spain. I have lots of photos. the apartment was also disappointing and not to the standard we where expecting infact very basic and cheapest materials used i.e. bathroom tiles etc. kitchens are not installed yet (you cant get occupation licence until this is done) poor finishes in the tiling. the apartment is smaller than the 87square meters shown on the plan it is actually 67sq m after looking at out contract in more details. as property sale prices in Spain is mainly based on sq m area we will be luck to get back what we paid for. The OVP travel brochure is misleading ands it looks nothing like the picture and it states own communal pool this is not true. it is not a holiday accommodation is it a residential block of flats with the use of next door pool. with no private gardens or anything just a public park to sit in and a little water fountain to dip you toe into, there are several pathways approaching from different parts of the surrounding residential area. we have been deceived right from the start. we also have trouble in getting responses etc. the OVP rep did not meet with us but sent some one from the development who could not speak a word of English, he promised to meet up with us to discuss our concerns and did not make contact with us.
      we also have a medical centre underneath the block.
      we have made contact with other buyers and plan to get together to plan what to do next. as this is not what we bought – we wanted an apartment in a holiday complex like all the other OVP developments, we have stayed at a couple of them and have always been impressed with standard and the grounds etc. this development does not compare even a little to the others and is a complete disappointment. we would not stay there not really ideal for families. especially when your kids have to dodge the dog s### in order to get to the pool which is the other side of the gates.
      if you would like to see the photos I would be more than happy to send them ore if you would like to get together with other owner to launch an attack and demand some answers let me know although I think we need to act quickly.
      OVP are hiding something from us I can sense it.

      This property is likely only going to be able to be let as a long term residential one and not for holiday accommodation we have enquired at local estate agents and they all have said the same you are looking around 500 – 600 euros per month for long term rental. sale price approx 180 to 195000 euros for a 2 bed.
      I am not willing to fork out 23000 euros for furniture package if we cant let it and use it ourselves – although we wouldn’t want to holiday in it anyway its depressing. 23000 euros is also too much for furniture we have been told average cost is around 7000-9000 sterling. although Ikea is opening in Malaga so even cheaper.

    • #74490
      Anonymous
      Participant

      @miximate wrote:

      We have bought on Los Corales Estepona site ( 2 1/2 years ago) and paid the full IVA up front.
      I have been constantly chasing them for realistic completion dates, but in typical OV fashion, the goalposts move! 👿
      Would welcome a pm from any other purchasers on this Estepona site to discuss issues

      hi we have also purchased in this block and just returned from a visit to the site this week end we were devastated by what we found. it is not what we brought, there is not a private pool and gardens the pool is fenced off to the other none ocean view blocks an we will need a key to access it but by walking through a public park first. the back of the complex is an open public park and not a private complex as we thought it would be and were lead to believe by ovp. the pool is just block paved and no planting around it – very ugly. and will be used by all the local residents from that block as the development is a residential one and popular with the local Spanish. we did some investigating whilst in Spain. I have lots of photos. the apartment was also disappointing and not to the standard we where expecting infact very basic and cheapest materials used i.e. bathroom tiles etc. kitchens are not installed yet (you cant get occupation licence until this is done) poor finishes in the tiling. the apartment is smaller than the 87square meters shown on the plan it is actually 67sq m after looking at out contract in more details. as property sale prices in Spain is mainly based on sq m area we will be luck to get back what we paid for. The OVP travel brochure is misleading ands it looks nothing like the picture and it states own communal pool this is not true. it is not a holiday accommodation is it a residential block of flats with the use of next door pool. with no private gardens or anything just a public park to sit in and a little water fountain to dip you toe into, there are several pathways approaching from different parts of the surrounding residential area. we have been deceived right from the start. we also have trouble in getting responses etc. the OVP rep did not meet with us but sent some one from the development who could not speak a word of English, he promised to meet up with us to discuss our concerns and did not make contact with us.
      we also have a medical centre underneath the block.
      we have made contact with other buyers and plan to get together to plan what to do next. as this is not what we bought – we wanted an apartment in a holiday complex like all the other OVP developments, we have stayed at a couple of them and have always been impressed with standard and the grounds etc. this development does not compare even a little to the others and is a complete disappointment. we would not stay there not really ideal for families. especially when your kids have to dodge the dog s### in order to get to the pool which is the other side of the gates.
      if you would like to see the photos I would be more than happy to send them ore if you would like to get together with other owner to launch an attack and demand some answers let me know although I think we need to act quickly.
      OVP are hiding something from us I can sense it.

      This property is likely only going to be able to be let as a long term residential one and not for holiday accommodation we have enquired at local estate agents and they all have said the same you are looking around 500 – 600 euros per month for long term rental. sale price approx 180 to 195000 euros for a 2 bed.
      I am not willing to fork out 23000 euros for furniture package if we cant let it and use it ourselves – although we wouldn’t want to holiday in it anyway its depressing. 23000 euros is also too much for furniture we have been told average cost is around 7000-9000 sterling. although Ikea is opening in Malaga so even cheaper.

    • #74294
      Anonymous
      Participant

      @lolly wrote:

      23000 euros is also too much for furniture we have been told average cost is around 7000-9000 sterling. although Ikea is opening in Malaga so even cheaper.

      Unless you are looking to furnish Buckingham Palace, I wouldn’t expect to pay more than £5,000, especially if the property is going to be rented. There are so many shops offering packages in the 5,000 Euro range (some even cheaper). We have no connection with them, but know several people who have been satisfied by one company who offer various packages from 2,000 Euros for a 2 bed appartment. Take a look at http://www.furnituremartspain.net/Pages/packages.htm

    • #74494
      Anonymous
      Participant

      @lolly wrote:

      23000 euros is also too much for furniture we have been told average cost is around 7000-9000 sterling. although Ikea is opening in Malaga so even cheaper.

      Unless you are looking to furnish Buckingham Palace, I wouldn’t expect to pay more than £5,000, especially if the property is going to be rented. There are so many shops offering packages in the 5,000 Euro range (some even cheaper). We have no connection with them, but know several people who have been satisfied by one company who offer various packages from 2,000 Euros for a 2 bed appartment. Take a look at http://www.furnituremartspain.net/Pages/packages.htm

    • #74311
      mariadecastro
      Participant

      Why do you say that you will be able to rent just long-term? I cannot see why not for holidays. There are no specific legal requirements for a holiday house in Andalucia right now.

      I wonder why you said that…????

      Maria

    • #74511
      mariadecastro
      Participant

      Why do you say that you will be able to rent just long-term? I cannot see why not for holidays. There are no specific legal requirements for a holiday house in Andalucia right now.

      I wonder why you said that…????

      Maria

    • #74312
      Anonymous
      Participant

      @mariadecastro wrote:

      Why do you say that you will be able to rent just long-term? I cannot see why not for holidays. There are no specific legal requirements for a holiday house in Andalucia right now.

      I wonder why you said that…????

      Maria

      because the OVP travel brochure features luxury style holiday accomodation on a holiday complex with own pool and in private gated grounds and this what customers will be expecting. when you get there it is completely different from the pictures published in their travel brochure which shows a pool planted garden around and holiday goers sunbathing all of which is adjacent to our building and withing the same grounds. actually the pool is fenced off and diect access can only be made from adjacent two blocks of apartments which are residential. to acces the pool from our apartment block you need to exit out of the front of the block onto the main road walk around the back past the public park (which they have created at the back of our block) and use a key to access the pool area. not ideal for family holidays. the pool has no planting or rass around just paving and is very ugly. as this is a communial pool for the area and to be shared bedtween apprx 150 apartments approx 100 of which are local residents I doubt it will be the holiday people would have planned. the pool was meant to be for 45 apartments only.

    • #74512
      Anonymous
      Participant

      @mariadecastro wrote:

      Why do you say that you will be able to rent just long-term? I cannot see why not for holidays. There are no specific legal requirements for a holiday house in Andalucia right now.

      I wonder why you said that…????

      Maria

      because the OVP travel brochure features luxury style holiday accomodation on a holiday complex with own pool and in private gated grounds and this what customers will be expecting. when you get there it is completely different from the pictures published in their travel brochure which shows a pool planted garden around and holiday goers sunbathing all of which is adjacent to our building and withing the same grounds. actually the pool is fenced off and diect access can only be made from adjacent two blocks of apartments which are residential. to acces the pool from our apartment block you need to exit out of the front of the block onto the main road walk around the back past the public park (which they have created at the back of our block) and use a key to access the pool area. not ideal for family holidays. the pool has no planting or rass around just paving and is very ugly. as this is a communial pool for the area and to be shared bedtween apprx 150 apartments approx 100 of which are local residents I doubt it will be the holiday people would have planned. the pool was meant to be for 45 apartments only.

    • #74314
      Anonymous
      Participant

      @lolly wrote:

      because the OVP Travel brochure features luxury style holiday accomodation on a holiday complex with own pool and in private gated grounds and this what customers will be expecting.

      Then surely that is a problem for Ocean View Travel – it is their brochure and misleading description – not yours. Surely you will still receive the “Guaranteed Rental Income” promised from OVT by OVP and it is OVT who will lose out having to give refunds to those that booked the appartment via a misleading brochure? Maybe that will result in OVT bringing pressure to bear on OVP?

    • #74514
      Anonymous
      Participant

      @lolly wrote:

      because the OVP Travel brochure features luxury style holiday accomodation on a holiday complex with own pool and in private gated grounds and this what customers will be expecting.

      Then surely that is a problem for Ocean View Travel – it is their brochure and misleading description – not yours. Surely you will still receive the “Guaranteed Rental Income” promised from OVT by OVP and it is OVT who will lose out having to give refunds to those that booked the appartment via a misleading brochure? Maybe that will result in OVT bringing pressure to bear on OVP?

    • #74318
      Anonymous
      Participant

      Pauland Lyn.
      This is O.V.P they are talking about.
      Their holiday customers will get what their clients got when they to relied on the fancy advertising material and false promisis when purchasing property from them.

      Frank

    • #74518
      Anonymous
      Participant

      Pauland Lyn.
      This is O.V.P they are talking about.
      Their holiday customers will get what their clients got when they to relied on the fancy advertising material and false promisis when purchasing property from them.

      Frank

    • #74323
      Anonymous
      Participant

      @Just Frank wrote:

      Pauland Lyn.
      This is O.V.P they are talking about.
      Their holiday customers will get what their clients got when they to relied on the fancy advertising material and false promisis when purchasing property from them.

      Yes – but it seems to me looking at the OVP site that they arrange the lettings with a “guaranteed” rental income through their own associated company of OVT.

      I may have read this wrong but I dont think so. In fact, when you see the OVT page within the OVP internet site they are actually quick to distance themselves from their own sister company…

      @OVP Web Site wrote:

      Important Notice: OVP Travel Ltd is a member of ABTA under membership number W7937. As such we are fully bonded according to ABTA¹s rules and abide by ABTA¹s Code of Conduct. ABTA protection only applies to services supplied by OVP Travel Ltd and does not apply to services featured in this brochure that are provided by Ocean View Properties, or any other company.

      In other words, losely translated! “as OVP we offer you this fantastic g’teed income and try to sell the fact that there is some bonding in place as our sister company OVT are ABTA bonded BUT, ABTA bonding only applies to the purchaser of travel services and not properties and as our own sister company know that we at OVP are a bunch of liars they are not responsible for anything we say anyway!!”

      However, if they are making these false promises as OVT to travel customers, OV will have to (as one OVP or OVT) make the refunds to OVT travel customers if the product is not as advertised or face problems with their ABTA bonding?

    • #74523
      Anonymous
      Participant

      @Just Frank wrote:

      Pauland Lyn.
      This is O.V.P they are talking about.
      Their holiday customers will get what their clients got when they to relied on the fancy advertising material and false promisis when purchasing property from them.

      Yes – but it seems to me looking at the OVP site that they arrange the lettings with a “guaranteed” rental income through their own associated company of OVT.

      I may have read this wrong but I dont think so. In fact, when you see the OVT page within the OVP internet site they are actually quick to distance themselves from their own sister company…

      @OVP Web Site wrote:

      Important Notice: OVP Travel Ltd is a member of ABTA under membership number W7937. As such we are fully bonded according to ABTA¹s rules and abide by ABTA¹s Code of Conduct. ABTA protection only applies to services supplied by OVP Travel Ltd and does not apply to services featured in this brochure that are provided by Ocean View Properties, or any other company.

      In other words, losely translated! “as OVP we offer you this fantastic g’teed income and try to sell the fact that there is some bonding in place as our sister company OVT are ABTA bonded BUT, ABTA bonding only applies to the purchaser of travel services and not properties and as our own sister company know that we at OVP are a bunch of liars they are not responsible for anything we say anyway!!”

      However, if they are making these false promises as OVT to travel customers, OV will have to (as one OVP or OVT) make the refunds to OVT travel customers if the product is not as advertised or face problems with their ABTA bonding?

    • #74325
      Anonymous
      Participant

      If you look closely on the OV website, you will note that this particular building IS NOT part of the gauranteed rental income programme! It only applies to certain properties and Los Coralles isn’t featured.

    • #74525
      Anonymous
      Participant

      If you look closely on the OV website, you will note that this particular building IS NOT part of the gauranteed rental income programme! It only applies to certain properties and Los Coralles isn’t featured.

    • #74346
      Anonymous
      Participant

      VAT, is due at the point of services or goods being provided i.e. the date of it. On this basis the question of interest does not arrive.

    • #74546
      Anonymous
      Participant

      VAT, is due at the point of services or goods being provided i.e. the date of it. On this basis the question of interest does not arrive.

    • #74362
      Anonymous
      Participant

      After many years of false promises and (to be frank) untruths from OV, we finally had enough. 👿
      We instructed a new lawyer (MDC) and asked her to look at our contract. Based on this, we took the decision to canel our contract with OV and the developers. Thanks to MDC, it has proven to be the best decision we have made over the last five years. Only yesterday we recieved a cheque back from the developer for all of our monies plus interest! (Whilst it wasn’t the full amount we could have been entitled to, we were not prepared to go to court over a few K’s; we were just happy to be out of the deal) 😀
      The whole process only took a few months from start to finish. This was a far easier process than we had at first thought and with the help of an excellent (independent) lawyer, it is an option I would recommend to anyone who finds themselves in a similar position to us.

    • #74562
      Anonymous
      Participant

      After many years of false promises and (to be frank) untruths from OV, we finally had enough. 👿
      We instructed a new lawyer (MDC) and asked her to look at our contract. Based on this, we took the decision to canel our contract with OV and the developers. Thanks to MDC, it has proven to be the best decision we have made over the last five years. Only yesterday we recieved a cheque back from the developer for all of our monies plus interest! (Whilst it wasn’t the full amount we could have been entitled to, we were not prepared to go to court over a few K’s; we were just happy to be out of the deal) 😀
      The whole process only took a few months from start to finish. This was a far easier process than we had at first thought and with the help of an excellent (independent) lawyer, it is an option I would recommend to anyone who finds themselves in a similar position to us.

    • #74363
      Anonymous
      Participant

      Congratulations miximate. 😀 I know that feeling of utter relief!

    • #74563
      Anonymous
      Participant

      Congratulations miximate. 😀 I know that feeling of utter relief!

    • #74364
      Anonymous
      Participant

      Hi Edgecliff
      Info as requested.and O.V P are invited to reply and would look forward to it with pleasure. 🙂
      O.V P sold a large percentage of there property as Ocean View Investment route through seminars using I.F.A,s ( Independent and authorised to look after their clients investments.yeh right?) and paid them a healthy commissions. all via the main I.F.A in Birmingham.( Nuff said about him) 👿
      They also sold through impressive independent shows.which were very well marketed.
      Accordingly Joe public were made to feel confident as they could of course trust the establishments in the U.K for a secure investment instead of trusting just any company in a foreign country. 🙄
      The situation is that they really were below the very level of the standards in the Spanish market they were supposed to be protecting you from ( in my language ,shafted by your own kind)shafted by the Spanish whichever your truly screwed.
      Corruption and greed is worldwide so lets not have the good old British Estate agents British system will protect you.
      Many of these O.V.P properties were sold through well known U,K estate agents and they even had an English Solicitor on hand that just happened to be the proud owner of O.V.P properties 😉 to give you that little bit of extra assurance you understand, 😉
      Their own quality developments( well Aifos actually) and a corrupt system that was simply heaven made.
      Their marketing was excellent and the ploy was that rents over 12 weeks would cover mortgage payments leaving plenty to spare for your own use.
      They would only charge 10% total commission on rent through O.V.P Travel and you could sit back and watch your investment grow into your retirement.

      Clients stayed at a hotel miles away from anywhere and had were allowed no time to roam other estate agents to compare prices.however they didnt need to did they,this was a British company looking after the Brits interest. 😕

      Well selling in Manilva etc there wasn’t much property to compare prices with at the time and of course they had the inside info that Disney were coming so prices in the area would rocket.( very hush,hush you understand) 😉

      The properties and indeed the furniture package were well overpriced.
      Secret was to keep the captive audience and let them loose on a new development or a pending price increase and they were expert at creating what’s called a bun fight(ouch that ones gonna hurt 😈 ) with people at the point of almost fighting each other to get the best available positions.
      However that was following a night that most were still plastered from the excellent free entertainment and plonk provided into the early hours of the morning and many would sign for a dogs kennel during the 4 hour whirlwind development tour which started at 10 am and ended lunchtime and you guessed it the free plonk. 😕
      Completely bladdered after a night out at Puerto Banus by which time you didnt even know which country you were in and if you get in before breakfast,huddled on the plane back to the U.K( apartment what apartment?) The apartment show apartment looked bigger ❓ ,I here you say ❓
      Thats because the bloody show apartment wasnt even Ocean Views 😕

      Sad fact is that they are called giddies as soon as they got off the plane then get the clients head spinning.
      They were Ocean View clients and made to feel part of a selected group and in a far better buying position through shear numbers of sales.
      It was simply a case of comfort in numbers and they couldn’t get the properties on their books fast enough.
      Nor sadly the numbers of clients often buying 5 or 6 at a time (well thats not a problem as this is called piggy back and you offload before completion and the profits pay for the property you are left with).
      Those that signed should never blame themselves as O.V.P WERE the answer to the legal and corruption problems with U.K I.F.As on hand at all times to just give that needed nudge if needed (lets not forget the commission of course) 😉

      In case you are thinking? No I wasn’t a victim.so no axe to grind. 😉 🙂
      Just would luv to help anyone that may wish to consider them in the future.
      Not sure if the editor will think this is a bit of a strong approach considering the Ocean Estates situation and fully understand if he needs to delete this posting.
      This is a Spanish Forum and as Pauland Lyn said it should fully reflect that on all sides.(warts and all as me mum used to say)

      Well Edgecliff you did ask ❓

      H.2 .0 Countrywide 🙄 Well thats another story for another day for FRANK THE FEARLESS next episode

      Frank

    • #74564
      Anonymous
      Participant

      Hi Edgecliff
      Info as requested.and O.V P are invited to reply and would look forward to it with pleasure. 🙂
      O.V P sold a large percentage of there property as Ocean View Investment route through seminars using I.F.A,s ( Independent and authorised to look after their clients investments.yeh right?) and paid them a healthy commissions. all via the main I.F.A in Birmingham.( Nuff said about him) 👿
      They also sold through impressive independent shows.which were very well marketed.
      Accordingly Joe public were made to feel confident as they could of course trust the establishments in the U.K for a secure investment instead of trusting just any company in a foreign country. 🙄
      The situation is that they really were below the very level of the standards in the Spanish market they were supposed to be protecting you from ( in my language ,shafted by your own kind)shafted by the Spanish whichever your truly screwed.
      Corruption and greed is worldwide so lets not have the good old British Estate agents British system will protect you.
      Many of these O.V.P properties were sold through well known U,K estate agents and they even had an English Solicitor on hand that just happened to be the proud owner of O.V.P properties 😉 to give you that little bit of extra assurance you understand, 😉
      Their own quality developments( well Aifos actually) and a corrupt system that was simply heaven made.
      Their marketing was excellent and the ploy was that rents over 12 weeks would cover mortgage payments leaving plenty to spare for your own use.
      They would only charge 10% total commission on rent through O.V.P Travel and you could sit back and watch your investment grow into your retirement.

      Clients stayed at a hotel miles away from anywhere and had were allowed no time to roam other estate agents to compare prices.however they didnt need to did they,this was a British company looking after the Brits interest. 😕

      Well selling in Manilva etc there wasn’t much property to compare prices with at the time and of course they had the inside info that Disney were coming so prices in the area would rocket.( very hush,hush you understand) 😉

      The properties and indeed the furniture package were well overpriced.
      Secret was to keep the captive audience and let them loose on a new development or a pending price increase and they were expert at creating what’s called a bun fight(ouch that ones gonna hurt 😈 ) with people at the point of almost fighting each other to get the best available positions.
      However that was following a night that most were still plastered from the excellent free entertainment and plonk provided into the early hours of the morning and many would sign for a dogs kennel during the 4 hour whirlwind development tour which started at 10 am and ended lunchtime and you guessed it the free plonk. 😕
      Completely bladdered after a night out at Puerto Banus by which time you didnt even know which country you were in and if you get in before breakfast,huddled on the plane back to the U.K( apartment what apartment?) The apartment show apartment looked bigger ❓ ,I here you say ❓
      Thats because the bloody show apartment wasnt even Ocean Views 😕

      Sad fact is that they are called giddies as soon as they got off the plane then get the clients head spinning.
      They were Ocean View clients and made to feel part of a selected group and in a far better buying position through shear numbers of sales.
      It was simply a case of comfort in numbers and they couldn’t get the properties on their books fast enough.
      Nor sadly the numbers of clients often buying 5 or 6 at a time (well thats not a problem as this is called piggy back and you offload before completion and the profits pay for the property you are left with).
      Those that signed should never blame themselves as O.V.P WERE the answer to the legal and corruption problems with U.K I.F.As on hand at all times to just give that needed nudge if needed (lets not forget the commission of course) 😉

      In case you are thinking? No I wasn’t a victim.so no axe to grind. 😉 🙂
      Just would luv to help anyone that may wish to consider them in the future.
      Not sure if the editor will think this is a bit of a strong approach considering the Ocean Estates situation and fully understand if he needs to delete this posting.
      This is a Spanish Forum and as Pauland Lyn said it should fully reflect that on all sides.(warts and all as me mum used to say)

      Well Edgecliff you did ask ❓

      H.2 .0 Countrywide 🙄 Well thats another story for another day for FRANK THE FEARLESS next episode

      Frank

    • #74370
      Anonymous
      Participant

      i would strongly advise against OVP. As has been written they are bad news. We stupidly took their advice on lawyers, neither worked for us! One is under investigation and the other advised us to complete without the right paperwork in place. Once they have your money your are on your own. They have used Aifos, what more do you need to know! Over 5 years down the line we are still fighting for our deposit back!

    • #74570
      Anonymous
      Participant

      i would strongly advise against OVP. As has been written they are bad news. We stupidly took their advice on lawyers, neither worked for us! One is under investigation and the other advised us to complete without the right paperwork in place. Once they have your money your are on your own. They have used Aifos, what more do you need to know! Over 5 years down the line we are still fighting for our deposit back!

    • #74383
      Anonymous
      Participant

      Yep
      Take your money and screw you on the property 😈
      Take your money and screw you on the furniture 😈
      The ploy was that to qualify to be included in O.V.P Travel all the apartments needed to meet similar high standards which almost everyone would agree with. ❓
      However packages at 4 times the going rate and to be paid up front is one thing.
      However paying up front for a load of cr-p and not receiving it while the directors live the high life is simply sick. 😈
      They would take your money and screw you on the lettings,however as they cant let these substandard properties out anyway thats not going to be a problem with Ocean View Property owners.
      Anyone care to want to know how the maintanance department works or should I say,not work. 😕
      I feel very sorry indeed for anyone caught up in this net and those that say they were in anyway stupid in not doing this or not doing that are simply ignorant of what was /is a very slick lifes distruction machine set out to make some very wealthy greedy indivuals 😈
      Come on Ocean View,I invite you to counter any of my postings..
      Would luv to hear from you as everyone has a right to reply and this is an open forum ?

      Frank

    • #74583
      Anonymous
      Participant

      Yep
      Take your money and screw you on the property 😈
      Take your money and screw you on the furniture 😈
      The ploy was that to qualify to be included in O.V.P Travel all the apartments needed to meet similar high standards which almost everyone would agree with. ❓
      However packages at 4 times the going rate and to be paid up front is one thing.
      However paying up front for a load of cr-p and not receiving it while the directors live the high life is simply sick. 😈
      They would take your money and screw you on the lettings,however as they cant let these substandard properties out anyway thats not going to be a problem with Ocean View Property owners.
      Anyone care to want to know how the maintanance department works or should I say,not work. 😕
      I feel very sorry indeed for anyone caught up in this net and those that say they were in anyway stupid in not doing this or not doing that are simply ignorant of what was /is a very slick lifes distruction machine set out to make some very wealthy greedy indivuals 😈
      Come on Ocean View,I invite you to counter any of my postings..
      Would luv to hear from you as everyone has a right to reply and this is an open forum ?

      Frank

    • #74396
      mariadecastro
      Participant

      This is the clause that Consumers Authorities propose regaridng VAT accruing in off plan purchases:

      2.1. Price and VAT output

      The seller will output to the buyer, which will be obliged to pay it, the full amount of the Added Value Tax (VAT) which taxes the advanced amounts and the delivery of the house. The output will be calculated on the full price.

      Said output will be made as the tax accrues, that is, for advanced payments before the delivery of the house at the payment of every one of them and on the effectively received amounts. The part of the tax corresponding to the rest of taxable amount will be accrued and output once the house is delivered to the buyer, which is when the buyer makes the corresponding payment.

    • #74596
      mariadecastro
      Participant

      This is the clause that Consumers Authorities propose regaridng VAT accruing in off plan purchases:

      2.1. Price and VAT output

      The seller will output to the buyer, which will be obliged to pay it, the full amount of the Added Value Tax (VAT) which taxes the advanced amounts and the delivery of the house. The output will be calculated on the full price.

      Said output will be made as the tax accrues, that is, for advanced payments before the delivery of the house at the payment of every one of them and on the effectively received amounts. The part of the tax corresponding to the rest of taxable amount will be accrued and output once the house is delivered to the buyer, which is when the buyer makes the corresponding payment.

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