Michael, thanks for taking your time in writing such a comprehensive reply. There were a few things that I don’t undertands.

1. What does it mean if a purchase is subject to a title being issues? (what is a title?)

2. What does it mean if an appartment is strata titled? (I don’t really understand the meaning of strata)

My inspector has just…[Read more]

Update for all you lovely Australians out there who are being so helpful.

This may be very useful to others buying OTP.

1. There was no written figure for the appartment size in the contract. There was a plan of the appartment with some measurements (I later calculated this to be 103m). There was also an outline plan of the flat with some…[Read more]

.. thanks for the advice Michael. I know the CE flat that I have exchanged on is a complete con (see all my other posts … misdescribed to the hilt).

I’m interested in something you mentioned – i.e a lawyer that specialises in OTP – do you know of any? As I have said in other posts, I did not have a laywer look at the contract pre exchange (as…[Read more]

I will definately keep you all updated… but its in the hands of the soliciters now (and I can tell you that CE are getting really nasty and obstructive). If anyone is in the same situ, then PM me and I can update you – but I’ve been told to keep quite [fear] until the case has gone throught.

thanks for all your advise. I’m now talking to a legal firm (and also requested the sizes from CE and their method of calculation)

Will let you know the outcome [comp]

Thanks again,

Anyway I contact my soliciter about my situation. eg CE lying to me that I could pull out of the sale, and the “possible” overvaluation, and all the other misinformation and this was the response.

“1. Any representation made to you by an agent of Central Equity as to the value of the property at the time you signed the Contract of…[Read more]

Unfortunately, I got taken in by Central Equity and am having to complete on a flat in Melbourne Tower this month!

When I signed the contract 2 years ago at a property expo in London, I was told (by the MD) that if my circumstances were different in 2 yrs – I could as a last resort sell back the contract.

My circumstances have changed. The flat…[Read more]