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City Road

Funding Timeframes

Investors will secure their purchase of an apartment at the prices shown in the
previous table by signing a legally binding agreement to purchase and paying a
deposit of 5% of the purchase price with the 4% fee and 50% of legal fees. A further 5% of purchase price will be required within six months of exchange of contracts. Apartments will be allocated to investors on a first come first served basis with an exchange of contracts to occur shortly and completion scheduled for spring 2009. Mackrell Turner Garrett Solicitors* will act on behalf of the individual
investors. We have negotiated a group discount of £1,000 plus VAT and outlay for
each unit. *Mackrell Turner Garrett Solicitors, Inigo Place, 31 Bedford Street, Strand, London, WC2E 9EY, United Kingdom. Phone: +44 (0) 20 7240 0521.

Summary of Steps to Completion


1. Select and reserve your chosen unit(s).
2. Sign and return a copy of the engagement letter with a certified copy of
identification and a recent utility bill.
3. We will instruct Mackrell Turner Garrett Solicitors to contact you and act on
your behalf.
4. Transfer 10% of purchase price and 3% introducer’s fee with 50% of the legal
fee and outlay to Mackrell Turner Garret Client account by the 12th of May.
5. The developer’s solicitor will issue the contract(s) to your solicitor (i.e.
Mackrell Turner Garrett).
6. You sign the contract(s). Your solicitor exchanges your signed contract(s) and
deposit(s) with the developer’s solicitor.
7. Prior to completion you arrange suitable bank borrowings in order to part fund
the balance of the purchase price and completion costs. We will facilitate the
arrangement of such borrowings subject to normal lending criteria.
8. We will introduce you to a letting agent and fit-out supplier.
9. The purchase completes and the property is prepared for letting.

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