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Purchasing of units is possible through five (5) stage payments of 20% of the listed sale price. First payment is due on signing of a Promissory Contract of Buying and Selling, subsequent payments will be due on completion of infrastructure; then completion of foundations; then completion of walls and roofs; and final payment will be due on handing over of the keys and exchange of Title Deed. Completion of the first phase properties is planned for November 2006.
On signing of a Reservation Form , you will be required to pay a deposit of £750 to reserve your right to buy a unit, you will then have 14 days to decide if you wish to go ahead and conclude a Promissory Contract of Buying & Selling. If you decide you do not wish to proceed, you will receive back your deposit. If you decide you do wish to buy, you must sign a Promissory Contract within the following 14 days and make payment of the first stage instalment equivalent to 20% of the agreed sale price less your deposit. You will receive a copy of the referred Promissory Contract on signing of the Reservation Form and payment of the deposit.
Mortgage finance at Euro mortgage rates of up to 70% of the property value will be available upon the completion of the unit bought providing affordable repayment terms to secondary-buyers (subject to status) if you decide to sell your property after completion. Such mortgages will be available through Conti Financial Services (the UK's leading overseas mortgage broker).
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