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Payment Schedule:
- £1,000 Reservation Deposit
The potential purchaser pays a reservation deposit
which will be held by the Sales Agent. Should the client
wish to proceed with the purchase then the cost of flights
and accommodation for 2 persons for an inspection trip will
be refunded up to a value of £600 upon exchange of
contract. If the potential purchaser chooses not to proceed
within 7 days, the deposit will be returned minus any expenses
incurred. Thereafter the deposit is deemed non-refundable.
- 30% of the contract sum on exchange
This payment is due on exchange of contracts (scheduled
for 1 month after the reservation deposit has been paid)
- 30% of contract sum on completion of foundations
This payment is due on completion of the foundation
works after inspection and signing off (anticipated 3 months
after exchange)
- 20% of contract sum on completion of weather proofing
This payment is due once the external skeleton,
windows, doors, roofing and rendering has been completed
and signed off (anticipated 7 months after exchange)
- 15% of contract sum on completion of internal fitting
out
This payment is due on completion of the internal
fitting out of kitchens and bathrooms, tiling and electrics
(anticipated 10 months from exchange)
- 5% of contract sum on completion of externals and
handover
This payment is due on completion and handover of
the finished villa (anticipated at 15 months from exchange).
Unless otherwise agreed the delivery of the completed villa
will be a minimum of 15 months from exchange of contracts up
to a maximum of 18 months. The exact date of handover will
be agreed with the owner near completion.
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