Finance/Mortgage:
Before a Reservation can be accepted, we need to be satisfied that you will have the funds available for the purchase of your new home.
You will therefore have to do the following:
(i) BE A CASH BUYER – A cash buyer is someone who can purchase a new property WITHOUT the need to sell a property or take out a mortgage. We will need proof that the required funds will be available, and that they will be available at the required time.
OR
(ii) BE QUALIFIED FOR A MORTGAGE – You must have a mortgage ‘agreed in principle’ before a property can be reserved. We can help you arrange a mortgage through a nominated financial advisor.
AND/OR
(iii) HAVE A PURCHASER FOR YOUR EXISTING HOME – Unless you have been accepted on to one of our ‘assisted purchase’ schemes, you must have a buyer for your existing home and the ‘chain’ must be complete.
If you also require a mortgage, then (ii) above must also be satisfied.
AND/OR
(iv) BE ‘SCHEME APPROVED’ – If you are buying under one of our Schemes (eg HomeBuy Direct or Part Exchange) you will need to be approved under the particular scheme prior to reserving your new home.
