I think the first regency build was the towers and that was just a finishing job as the shell was already built. Now it turns out that he doesn't own it anyway, he bought individual apartments on an arrangement with the egyptian owner for finishing the apartments off as far as I can see.
As the contracts for RB have not yet been done I'm not liable for anything. I can have my 1k deposit back and other than that I've paid £800 in solicitor advance fees which I am due a refund on but not sure what
My decision to pull out is based on problems right from day one:
We were originally reserving a 63m2 apartment - that was reduced to 57m2
We were buying a 1 bed which turned out to be a junior suite with an extra £1500 fee for the walls
We thought the owners were PHW, turns out to be First leisure who we had never heard of until last week
We have been waiting since January for the contracts
The rumours etc just stink of incompetence if nothing else
The project is now 6 months late due to not having the correct building licences and won't now be ready until summer 2010
I don't feel we have the trust you need in an off plan development
I know at least 4 people who have said they are pulling out or have done already. It's annoying because the prices on other developments are rising fast so in that sense, we have lost money