Reservations and Purchases Procedure
Summertime Properties aim to make the reservation and purchase procedure as simple and as cost effective as possible for you.
Remember! There are no fees and no commissions to pay at any stage of the purchase process maximising the return on your investment to the full and minimising costs to you - there's only a £1000 reservation fee.
View, Select and Reserve
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View the development and apartment details on-line. Select your desired apartment and simply select ‘reserve’. Alternatively, Call 01923 431 703 giving details of the property you want to reserve, complete the property reservation form and print a copy for your records. Return the form to us via email, post or fax. |
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Confirmation
You will shortly receive a "confirmation notice". This document confirms the property is available and summarises your reservation and desired property details. It is also your record of agreement to our terms and conditions, that we have recorded your details accurately and for us to instruct the developer to proceed to contract exchange. The property is now reserved for your subject to exchange (within 21 days) and payment of an agreed exchange deposit.
Contract Exchange
Our solicitors will issue within a few days, a purchase package (including exchange contract) to your nominated solicitors. Exchange of contracts, will take place within 21 days.
Exchange Deposit
The agreed exchange deposit (usually 10% but this can vary by developer and property) is now payable to the developer's solicitors.
Completion
The agreed purchase price balance will be due on completion (typically in 12-24 months' time) and will be advised by the developer's solicitors.
Cancellations
If at any time following the issue of the confirmation notice, the reservation is cancelled and exchange of contracts does not proceed, a charge of £1000 will be made to you to cover legal costs.
