Hi, I have tried to find the answers to my questions by trawling through lots of posts, but couldn't find an answer. Apologies if this has been answered elsewhere. I do have independent lawyers, but they have not given my any useful insight. I paid €125,000 (30%) on an off plan apartment. I can now no longer afford to complete, and am trying to work out what my options are. The LFO is there (over 2 years late), and the only reason they are not chasing me for completion is that (according to my lawyer): ".. the lawyer´s promoters (sic) ... informed me that they are dealing with another promoters (Constructora San José) for payment purposes due to the financial problems. She will contact me as soon as they have an agreement with the said “constructora”." I have heard from another purchaser that they have been unable to get a mortgage because of creditors having a charge on the development. The purchase agreement does say: "The Parties agree that in the event that the buyer defaults on any of his obligations under this contract, the seller may rescind this purchase and sale, notification is necessary. The seller will be able to retain 50% of the buyer's payments up to that date as damages." My q's are: 1) I assume that there is no prospect of getting my deposit back (despite the para from the contract, quoted above)? 2) Is there much likelihood of the developer pursuing me through court? (I live in the UK). Doesn't the quoted para 'decide' what the developers recourse is? 3) Can I use the fact that they are in financial difficulties / the charge is causing problems in getting a mortgage, to help my position? Thanks in anticipation. John