I purchased an apartment in Lumiere Leeds due to complete in 2011. I got a letter to say the project is to be put on hold until the market improves.
I have played 5% of the purchase price on the apartment.
On the contract it does not specify a date of completing just says we will notify you 3 months before completion.
Looking for advice on what I should do next I want to pull out can I ?
If you do not have what I call short or long stop dates in the contract (which would allow you to get out of the contract if the contract had not exchanged or completed by a certain date), it seems unlikely that you can get out within the clauses of the contract. However, consult a solicitor, as there may be something in UK contract law which supercedes the contract's clauses.