Payment Schedule:

1. £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.
   
   
2. 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)
   
   
3. 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)
   
   
4. 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)
   
   
5. 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)
   
   
6. 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.