3.12.09

37 High Court Claims issued by Berkeley against purchasers

High Court records confirmed today that Berkeley Group have now issued 37 claims against individuals who have not been able to complete on their new homes, so statements to the media claiming they are working with buyers to find solutions are clearly false.

Our sources advise us that only one case has gone to court so far related to City Quarter and the judge decided to “reserve his judgement”. We are awaiting further news.

A spokesperson for the BHC said, “Berkeley are using the High Court as the ultimate negotiation tool. Pay up or we’ll bankrupt you is their message. They’ve been particularly vociferous with their threats towards individuals whose careers depend on avoiding bankruptcy or a judgement on their credit file as they know they can put maximum pressure on these individuals to find as much money as they can from family, credit cards or loans and either complete or settle out of court.”