Re: Developer refuses to honour PPC



The property has been classified as complete by the college of Architects. I understand that the property has only just received a habitation license & I guess this is why the developer is applying pressure to complete (they have asked me to do this on April the 9th).

My fear is that by the time I pursue the developer through court the Bank Guarantee would be no longer valid. This is worrying as it is known publicly that the developer is suffering financial problems.

In a worst case scenario I could take the developer to court & win, however the developer could go bust & my bank guarantee could have lapsed during the process!!!!