Bank Guarantees

Viewing 0 reply threads
  • Author
    Posts
    • #53247
      Anonymous
      Participant

      Regarding those who have bought off-plan ‘illegal’ properties with no Bank Guarantee – is it possible that the Bank would have refused to provide a BG at the outset ❓ The REAs & their ‘recommended’ lawyers concerned, knowing this from the beginning. Sounds a naive question, I know, but nevertheless…..wondering what the Bank’s position has previously been on this. Would they grant a BG on the assumption of Licences eventually being in place ❓

      I’m wondering how information can be obtained on Banks refusing to give BGs to Developers (knowing the land was ‘greenbelt’ etc). Presumably they’d refuse their application for a mortgage also 💡

Viewing 0 reply threads
  • The forum ‘Spanish Real Estate Chatter’ is closed to new topics and replies.