in fairness they should contact their lawyer straight away and ask them why this was not explained to them,
THE PROBABILITY IS THAT THE LAWYER, WAS NOT INFORMED THAT THE BUYER INTEND TO BUY INTENDS TO BUY ANOTHER PROPERTY OR BUY WITH THE HELP OF ANOTHER MORTGAGE.
also the real estate agent who sold them these properties is at fault,
HE OR SHE COULD BE IN THE SAME POSITION. I AM NOT AN AGENT BUT I DONT SEE WHY THEY SHOULD BE RESPONSIBLE FOR THE ABSURD RULES & REGULATIONS.
thinking of their own pockets no doubt rather than giving the customer the right service.
MY ABOVE COMMENTS APPLY.
Some of the blame also has to lay with the buyer for not fully doing their home work when buying in a foreign country !
AGREE, BUT TO BE FAIR HOW DOES THE BUYER KNOWS, THERE IS NO INFORMATION AVAILIBLE. MOROCCAN GOVERMNENT SHOULD SET UP A WEBSITE IN FRENCH, ENGLISH, SPANISH ETC TO SET OUR THEIR LAWS, INCLUDING VAT ON INTREST RATES.
The only option they may have is equity release from UK property (If they have any) !
NOT IN THE PRESENT CREDIT CRUNCH CLIMATE. EVEN IF ONE HAS EQUITY THE BANKS AE NOT VERY KEEN.
I am happy to speak to any friends / clients that you have or if you wanted we can discuss these issues more.
OK
I hope this helps...
I will post the rest of the information for you...
LOOK FORWARD TO READING IT.
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