I purchased in Cardiff in 2006 and failed to complete in March 2009. I paid a 10% deposit of £13,950. Their solicitors have sent me documents saying they are going to sue me for £15,500 because they have sold the apartment on the open market and this is the difference. Four week ago I was contacted by an insurance investigator. The company had taken out an insurance policy for an ecomonic downturn which I had never heard of before.

The Insurance company investigated because there were so many that never completed. I asked why the sales company was suing me when they had insurance he said they were trying to sue and claim insurance at the same time.

I was purchasing my apartment for 135,950. I found out that the sales company purchased from the developer for £104,000 and sold to us for £135,950. They then sold back on the open market for £104,000 Still leaving them with a profit of £13,950 plus the Insurance claim.

Has any one heard of anything like this. I have had sleepless nights over this and feel like I should write to a newspaper to shame this company. Fair enough I should have completed the purchase if I could get a mortgage. I couldn't make the impossible possible.