If a buyer wants to pull out their deposit will be refunded along with 50% of the legal fees they have paid. This is stated in the terms and conditions pack sent out by the lawyer to all Regency buyers:

a) If you withdraw before we prepare your Contract Pack then we shall refund you £GB400 of the £GB800 fees you will have paid;

b) If you withdraw AFTER we have prepared and sent you the Contract Pack no refund will be made

Has anyone got anything positive to say about this development apart from those trying to sell it??

As I said - I'm aware of that BUT £400 seems a lot of money for absolutely nothing.

That IS alot of money Linda xx

I agree the charge is a lot for not a lot of work so far, but it is clearly stated in the terms and conditions so you are bound by them if you sign up to their services. If you still feel that the amount you have been charged is unfair, then it may be worth sending a letter to your appointed lawyer to see whether any further monies can be repaid to you.

Also if members of the AIPP you may be able to find some middle ground using their dispute process.

__________________
Best, Regards, Neil Hollingsworth Tel:01793 602490/07717826505
Email - neil@rivermeadglobalproperty.co.uk Find us on the FreeIndex directory http://freeindex.co.uk/profile(river...rty)_98122.htm and read our reviews.

Thanks Neil (and Elite).

I have to agree. I lost £400 pulling out when really the lawyer had done nothing at all.

Its now 8 months on from when I reserved. Had I taken a loan to pay up front, it would have cost me considerably had I stayed in - and still had nothing to show for it. i.e. no contract and no purchase but lawyer fees and interest charges to pay

as anyone seen contracts,that sould have been sent out yet

I was wondering the same myself but as it's only a few days into the beginning of the month, I thought I'd hang on a bit before asking.