MRI, Legal Independance, Capital FinanceMRI Overseas Property, Bought property as investment with rental agreement then refused mortgage, scraped together money to avoid loosing deposit and now we have found that the 3 year rental agreement has fallen through Hotel Gatwick Airport internet

In 2005, I paid a 30% deposit on two seperate developments in Sunny Beach, with all the usual promises and forecasting that came with them of course. The first development completed in June 2006, and despite a good credit rating, furnishing the completed 1 bed apartment, and spending nearly a full year ringing CFP, MRI and Legal Independence, the mortgage eventually failed to come through and I lost the lot, nearly 30,00 euros. CFP promised the mortgage throughout, and were repeatedly warned of the situation that the developer wanted payment, as were MRI, In the end it was too late for me to do anything about it.

There have been many argument's since and nothing as come of this. The second, a studio apartment completed this year, but luckily I arranged the mortgage myself. I have never had an answer as to why the mortgage never came through. There is something very obvious here, at the time I was dealing with CFP, MRI and LI, there was no credit crunch, however I gave them a 20,000 euro deposit, and paid for an MRI furniture pack amongst other expenses, e.g. notary, survey etc. I received back absolutely nothing! There is no other way to put this, I gave them my savings, and they literally said, 'Thank You very much for your donation fool'.

How many more of us have been a victim of this very same extortion. The worst thing is that the mortgage on the studio only amounts to what I paid out on the other apartment.