419 Wick Lane, London, E3 2JG
I have paid a deposit on an apartment at 419 Wick Lane. I have been informed recently the builder is in administration. The administrator informs me there will be no return of the deposit to unsecured creditors. There was a clause about NCHB insurance in the contract but that only kicks in if the builder is insolvent, which he is technically not, and may emerge from administration as a going concern. What are my rights in this case? Based on previous experience would you say the administrator would be willing to sell me an apartment at market price minus the deposit amount ? Could you recommend a good solicitor to handle this issue for me? Thanks for your input.
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