No Bank Guarantee

A bank guarantee provides vital protection against the developer declaring themselves insolvent where property is purchased off-plan. It assures that if the developer does not complete the property an investor would receive compensation on any capital invested, plus any interest accrued.

Property investors in the UK and likewise overseas, are legally entitled to have a bank guarantee or similar insurance policy when purchasing off-plan; however in some areas this is routinely refused by developers.

If a claimant has not been provided with a bank guarantee but are now encountering problems with an off-plan purchase, Judicare can assess the situation; we can provide an honest appraisal of a case and if success is likely, our lawyers will work on your clients behalf to reach the best possible solution.