Sorry BG,s again11

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    • August 25, 2006 at 3:45 pm #52160
      Anonymous
      Participant

      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?

    • August 25, 2006 at 3:57 pm #65186
      Anonymous
      Participant

      Read through the previous posts on this site. In nooooo way should you proceed without BGs. They are a legal requirement!

    • August 25, 2006 at 3:57 pm #65187
      Anonymous
      Participant

      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?

    • August 25, 2006 at 3:59 pm #65188
      Anonymous
      Participant

      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

    • August 25, 2006 at 5:06 pm #65190
      Anonymous
      Participant

      @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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