K 5 Hits the British Press at Last

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
13/06/2010 07:02

The biggest UK regional paper has picked up on the plight of one of the K 5 residents front page news

http://www.expressandstar.com/

An £85,000 dream holiday home in the sun has turned into an expensive nightmare for West Midland couple Anthony and Irene Barker.



The three-bedroom bungalow in North Cyprus was seized by a bank because the land on which it was built had been used without their knowledge as security for an unpaid loan.



Nine other homes owned by British people in the area – one an 87-year-old former Battle of Britain Spitfire pilot – have also been requisitioned in the wrangle over cash borrowed by either the developer or the former owner of the site.







Read more: http://www.expressandstar.com/news/2010/06/13/dream-holiday-home-nightmare-for-couple/#ixzz0qhc2hKcb



http://www.expressandstar.com/news/2010/06/13/dream-holiday-home-nightmare-for-couple/

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
13/06/2010 10:02

at long last xxx

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
13/06/2010 10:14

A bit more detail from Pauline

http://www.northcyprusfreepress.com/2010/06/13/akfinan-bank-north-cyprus-property-auction-now-in-uk-newspapers/

Rocker



Joined: 24/09/2008
Posts: 384

Message Posted:
13/06/2010 12:49

Thank you for bringing this out in the open. At last a UK paper has published followed by North Cyprus Free Press.

Lats hope others follow suite.

Earlybird


Joined: 28/04/2009
Posts: 816

Message Posted:
13/06/2010 13:07

I think you will find NCFP has been publishing the story daily courtesy of Pauline and Malcolm!

cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
13/06/2010 13:22

dont think kit helps

allthis has so much negative effect on anyone else buying the baboos are laughing at us all again

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
13/06/2010 13:29

I think the fact that the property you've paid for might end up being auctioned should be widely published and that's a positive affect on the finances of those thinking of buying here.

NO KOCAN, NO MONEY!

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
13/06/2010 13:34

The TRNC government should step in and tell the bank its their loss not the people who have paid in full for their property.



The TRNC construction industry can not afford anymore bad press.

gotavilla


Joined: 22/04/2009
Posts: 175

Message Posted:
13/06/2010 13:35

I agree with you ONE HUNDRED PERCENT malsancak. This practice has got to stop and the poor people who've been caught out should been recompensed by the government.

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
13/06/2010 18:51

Can't the government realise that it's better to let rogue banks go bust [for their greed and carelessness] than the whole of the TRNC reputation and economy?



The next [obvious] question must be: can it be that the government knows full well that there are just too many [rogue] banks involved and now exposed to this [apart from them] utterly and universally unacceptable scam?



Why still this deafening silence from government?

Jetski


Joined: 21/07/2008
Posts: 584

Message Posted:
13/06/2010 22:14

Indeed so Tena...... perhaps they and their partners are thinking of ways out of this mess???? (allegedly!)