The Sales Process

You may have bought property before or even invested abroad, but "off-plan" might be new to you. We have made it very simple and will guide you through the process.

Reservation Fee

When you have carefully selected your new home, you will pay a non-returnable reservation fee of £500.00.

Exchange of contracts

Four to six weeks after the payment of your reservation fee you will pay a further 5% (less £500.00) of the purchase price through your appointed solicitor and exchange contracts.
We recommend that you have an “in-principle” mortgage decision at this point if, you require a mortgage for the purchase.
If you require a mortgage then we would recommend that you have an “in-principle” decision in place by this time.

Pre - completion

Shortly after the exchange of contracts you will be asked by Resida to make your interior design choices – this means choosing which kitchen design you prefer, the choice of tiles, surface treatments etc – these choices however, are subject to the build time making this option still available.
Twenty-eight days before Resida is ready your solicitor will be given a Notice Of Completion and you will be given a chance to inspect your home with us seven days before your completion date.

Completion

On completion, the sale will be concluded with the balance of monies due being paid over by your solicitor. Your homes Title Number will be registered in your name at HM Land Registry. Your solicitor’s fees / costs and any tax will now become due. The home is now yours.

Management

There will be a management company who will be responsible for the maintenance and repair of the communal areas such as, gardens and hallways.
The management company will also take care of the building insurance, you will still require you own household insurance should you need to claim for personal damages.
The fee for this service will be charged annually and will be agreed be the exchange of contracts, You will also be charged ground rent annually too.