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 13% of the purchase and 50% of legal fees. 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 2008. Riseam
Sharlpes 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.
*Riseam Sharlpes Solicitors, 2 Tower Street, London, WC2H 9NP, United
Kingdom. Phone: +44 (0) 20 7836 955.
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 Riseam Sharlpes Solicitors to contact you and act on your
behalf.
4. Transfer 13% of the total purchase price with 50% of the legal fee and outlay
to Riseam Sharlpes Client account by the 4th of August.
5. The developer’s solicitor will issue the contract(s) to your solicitor (i.e. Riseam
Sharlpes).
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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