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Scots mum devastated after developer withdraws from sale of home - and 'keeps' £2k deposit
20.02.2023 - 08:15 / dailyrecord.co.uk
A Paisley mum has lambasted a developer after it withdrew from the sale of a home – but held on to her deposit and cash paid for fixtures and fittings. Julie Nicol paid Kingston Residential (KR) £2,000 in July 2021 to secure a three-bed home due to be constructed on Broadlie Road, Neilston, by December of that year.
She later handed over an additional £7,000 for the kitchen in the property, as well as flooring and extra fittings. However, Julie was left devastated when, after several delays, KR notified her through her lawyer that it was withdrawing from the sale and, as a result of a clause in the contract, was holding on to her £2,000 deposit.
Directors then informed Julie and the other four buyers of properties on site that they could re-buy the homes for an additional £40,000. Julie refused and in the intervening five months has been unable to get the £7,000 returned to her.
On Friday, Kingston Residential Investments said it was “not in a good financial position right now” but would pay everyone back. But Julie told the Paisley Daily Express: “They have effectively stolen my money. We are just normal working people.
“It is not right what they have done to me and the four other families who are involved in this. They told us in a meeting that instead of the £225,000 I had agreed to pay for the house, that they wanted to resell them for £265,000.
“I obviously said no and ‘what about my money I paid for the flooring etc’. They said, ‘we can’t pay you back until we resell them and if we don’t sell them at the higher price then we will go into liquidation’.”
In an added blow to Julie and her children, the new home was to be a fresh start for them following Julie’s separation from their father. It was her own widowed dad
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