A HOSPITAL consultant who feared losing his life savings in a failing waterfront luxury apartment development will get his property next year.

Dr Nadeem Iqbal, from Langho, had paid a £60,000 deposit to reserve a flat in Herculaneum Quay on Liverpool's quayside when it ran into financial problems last year.

He and more than 100 other purchasers feared they might lose their money and their flats.

But in May a new not-for- profit company HQ Investors Ltd was formed by those with money invested in the tower block development to ensure its completion.

Dr Iqbal, who works for the East Lancashire Hospitals NHS Trust at its Burnley General and Royal Blackburn teaching hospitals, invested an extra £17,600 in the new enterprise.

Now a spokesman for HQ Investors Ltd has said: "Construction recommenced in May this year and is fully-financed to completion with a finish date in the first quarter 2020. Everyone's unit will be delivered as originally wished."