Edition 125
www.thecourier.es
Friday, July 12, 2013
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KEITH RULES OVER CAM Thousands given hope over property shambles By Alex Trelinski A British laundry owner has done what Spanish lawyers couldn’t do: - winning a landmark legal battle against the former CAM Bank over getting his money back for a villa that wasn’t built. His victory gives hope to many others to get the same result, and he’s now running a parttime business offering advice on what to do. Keith Rule from Milton Keynes faced losing his life savings when CAM refused to hand back his £46k deposit for a property at the Finca Parks development at Hellin on the border of Murcia and Albacete. His lawyers had reached the end of the road in a long battle, but Mr.Rule took matters into his own hands by doing his own research into Spanish law on the internet using the
Google Translate facility. He found a 45 year old property law which made banks jointly responsible with promoters for returning guaranteed deposits on failed developments. Not only did he get his money back, but 46 other buyers have been refunded close to £1.3 million. Mr Rule made such an impression on his Spanish lawyers that they asked him to work for them on a part-time basis. He now combines the running of his laundry business with his new job of preparing case files for other Brits engulfed in the drama that swept him up when Spanish savings bank CAM washed its hands of buyers after an initial promise of a bank guarantee seven years ago. The 47 buyers involved in the landmark trial at a court in Albacete province have just received all the money back they put down. Only some of the 617 homes in Hellion were ever partially finished. The group are now
also applying to the court for case costs and interest on their deposits to be paid. Mr Rule, who handed over deposits on two villas in November 2006, said: 'At the
start of this fight people called me crazy but they don’t now and I’m delighted to have given hope to other Brits. 'I’m living proof you can take
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