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I have asked my agent for a bank guarentee as advised but the agent says that this is both costly and there is a lot of beurocracy regarding aquiring one. He states that I can be assured that things will be OK. Do I stilll pursue this?
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Read through the previous posts on this site. In nooooo way should you proceed without BGs. They are a legal requirement!
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Hi Chris – if you have a read back through all the previous postings about BG’s you will see it has been oft stated that a developer is required BY LAW to provide a BG and at NO COST to you. Tell your “agent” he’s taking out of his behind! Have you got yourself an independent lawyer yet?
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Hi,
Yes, yes and yes………its a right you have and a guarantee that your money is protected.
You really must tell him it is a legal requirement. It my region they are taking about 3 weeks to come through…….and there should be no cost to you, although they might try and get you to pay.
Demand it…or you have no protection
Bernard
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@christine wrote:
I have asked my agent for a bank guarentee as advised but the agent says that this is both costly and there is a lot of beurocracy regarding aquiring one. He states that I can be assured that things will be OK. Do I stilll pursue this?
Please read threads on the matter.
Do you mind telling us which estate agent told you this, which RE Agency ? thanks.
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