Good luck with your defence although this is of course a decision reached under Australian Law, (The New South Wales Supreme Court), and sets no precedent in English Law. If I may ask, what kind of statements made by the agents are you relying on? In the case in question, the claimants relied on this kind of advertisment: "Victoria Park ...

gsstr - thank you for posting this link. To date the consequences of not completing on these transactions has been under-reported in the press. I found this comment interesting as I have still to encounter anyone who has suffered the wrath of the courts in this respect; "According to the law firm the number of buy-to-let investors who have ...

Check your contract; there should be a clause allowing recission of the contract after a specific period if the development has not been completed, as for example 30 months in our case. There will also likely be a clause allowing the developer to extend under certain 'unforeseen' circumstances - finance.groups.yahoo.com/group/flintglass

As expected my post was deleted, but thanks "Claradam" for joining the group.

Claradam, Thank you for your valuable input here. It is very timely as I have taken the very first steps today by forming a Yahoo Group; In case the powers that be decide to delete the post above aswell, please search yahoo finance groups for "flintglass/flint glass". We'll talk over there.I realise that those involved in ...

Firstly, good luck to you all. Is there anyone out there who contracted to buy in the Flint Glass development, Manchester? I contracted to buy in June 2006 with a supposed 20% discount. Regeneration in the Ancoats district has all but stalled. After 30 months, I rescinded the contract due to non-performance by the developer, (Northern Group), ...