Thanks for the excellent content. We lost 50% of the value of a flat the same way. There was already a building next door 80% finished when we bought into the 2nd property. Everything was going to plan with photo updates etc. On the day of settlement our final 50% payment was transferred from our solicitor’s account to the developer’s solicitor’s account … then we received an email to satisfy they had gone into administration. We quickly contacted our solicitor who managed to get our 2nd 50% payment back. 5 years later and none of the apartment buyers are getting anything & many of the tradesmen are out of pocket.
