Full Bank Guarantees backed by some of the largest banks in the world
All Polaris World properties offer official bank guarantees, this means that the buyer will receive a full refund of the amount invested if for some reason the project is not completed or the developer goes out of business. Some of the world largest banks have invested heavily in Polaris World so by buying through Polaris World this type of scenario is highly unlikely to happen. Nevertheless it is still reassuring for the buyer to have this backing in place.
This bank guarantee costs you nothing and it designed to secure each and every payment you make to the developer. Legally developers are obliged by Spanish Consumer Protection laws to insure all the stage payments they receive from buyers. Unfortunately it is the case that some rogue developers fail to provide buyers with a Bank Guarantee or they use a financial institution which is not authorised to operate in Spain. It is very important never to buy a property from a developer who fails to provide a bank guarantee as you have no comeback whatsoever if something goes wrong.
By dealing with a large and reputable developer such as Polaris World all your stage payments are secure, giving you the buyer complete peace of mind. Below we have several examples of bank guarantees provided for different Polaris World resorts so that you can study them in more detail.
Below you will find examples of Spanish bank guarantees for several different Polaris World Resorts.
If you have any further queries about Bank Guarantees please to not hesitate to contact us directly, one of our friendly property team will be able to answer any of your questions. Call us on U.K Freephone 0800 082 0099 or Irish Freephone 1800 550 264 or internationally +34 952 83 9406 or complete the form below.
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