Paul – the idea that the Bank Guarantee would be in place until the LFO is granted and the property declared legal IS THE WHOLE IDEA! The purpose of the BG is to give the purchaser protection for his money until he can legally complete…….however long that takes.
Re. the admin. silence rule (used in the past) – remember that Los Lagos has actually had it’s application for an LFO refused last August.
That is a whole different cup of tea to applying, not hearing anything for three months so therefore ‘assuming’ via the Ad. silence rule.