Woodbridge Street

Funding Timeframes

Investors will secure their purchase of an apartment at the prices shown in the table on page 6 by signing a legally binding agreement to purchase and paying a deposit of 5% of the purchase price with the 4% fee plus VAT and 50% of the 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 summer 2009. Colman Coyle LLP Solicitors* will act on behalf of the individual investors. We have negotiated a group discount of £600 plus VAT and outlay for each unit.

*Vassos Vasau, Colman Coyle LLP, Wells House, 80 Upper Street, Islington,
London N1 0NU, United Kingdom. Telephone: 0044 2073 543 000, DX 147080 Islington 5.
www.colmancoyle.com

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 Colman Coyle LLP to contact you and act on your behalf.
4.	Transfer 5% of purchase price and the 4% introducer’s fee plus VAT with 50% of the legal fee to Colman Coyle LLP Client account before the 15th of May.
5.	The developer’s solicitor will issue the contract to your solicitor (i.e. Colman Coyle LLP).
6.	You sign the contract(s). Your solicitor exchanges your signed contract and deposit with the developer’s solicitor.
7.	Transfer a further 5% of purchase price to Colman Coyle LLP Client account before the 28th of November.
8.	Prior to completion in the summer of 2009 you arrange suitable bank borrowings/monies are available in order to fund the balance of the purchase price and completion costs. We will facilitate the arrangement of such borrowings subject to normal lending criteria.
9.	We will introduce you to a letting agent and fit-out supplier.
10.	The purchase completes and the property is prepared for letting.

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