Strictly you don’t need one to execute it, albeit a lawyer has more of a “push” and banks will always try to delay the execution of the guarantee no matter how right you might be, it’s standard practice although they deny it.
Normally it’s the lawyer who asks for this bank or insurance guarantee and then strives to execute it should the case crop up, despite the bank’s opposition.
Thanks Mark, I think they have seen us coming although we have not yet instructed them they are asking 1.700 Euros if we want to pull out as the builder will be in breach of contract this week and 2.600 Euros if we carry on the original price of the property is less than half quoted in the article.
Everything you need to know about property in Spain
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