Normal subject to contract terms will apply. In
addition the following list of points albeit not exhaustive,
will also apply.
1. Part exchange reservations will
be subject to our normal terms and may be subject to a
satisfactory condition report by a qualified surveyor.
2. Part exchange offers made by Westleigh are
conditional on existing carpets, curtains along with curtain
poles and rails within the property being included.
3. Purchasers agreeing a part exchange reservation will
continue to be responsible for their own Home Information
Pack and legal expenses along with other associated costs
where applicable.
4. Westleigh will take steps to
market the applicants property during the part exchange
purchase process. Applicants will provide reasonable access
for prospective viewers of their current home and present it
in a saleable condition.
5. On marketing of the
subject property a for sale board will be erected and will
continue to be displayed whilst the applicant remains in
occupation.
6. On vacating the part exchange home the
applicant will leave it in a presentable condition and will
remove all effects including rubbish and the property will
be vacuumed throughout.
7. A figure of £250 will be
retained by Westleigh on completion of the part exchange
property subject to a condition report confirming the
property has been left in an acceptable condition.
Normal subject to contract terms will apply. In addition the
following list of points albeit not exhaustive, will also
apply.
1. Reservations under the Nextmove scheme are
on the understanding that the reservation will be for an 8
week period. This may be extended by agreement.
2.
Westleigh will request 2 estate agents to attend and value
the subject property to provide a marketing price based on
securing an 8 week sale. Agreement on the marketing price
must be reached between the applicant and Westleigh before
the reservation can proceed.
3. Westleigh will meet
the agents selling fees to a maximum of 1.5% of the
property’s final sales price subject to the applicant
completing the purchase of a Westleigh new home.
4.
The applicant will be responsible for signing the agents
appointment agreement in order that in the event of a
purchase of a Westleigh new home not proceeding that the
applicant will be free to continue with the appointed agents
albeit at their own expense.
5. The applicant will be
responsible for their own Home Information Pack charges
however, the cost of these will be refunded at the point of
successful completion of a Westleigh New Home.
6.
The value of the estate agents fees will be deducted from
completion funds in order that the applicant can settle
their estate agents account directly.
7. In the
event that a sale does not ultimately proceed to completion
then our usual reservation terms will apply as indicated on
our reservation form.
Normal subject to contract terms will apply. In
addition the following list of points albeit not exhaustive,
will also apply.
1. The amount of the Shared Equity
offer available will vary and will typically fall into the
band of 85/15.
2. The applicant will own
100% of the new home however, will only pay for the equity
share price agreed. The remaining percentage of the purchase
price will become a second charge on the applicant’s
property in favour of Westleigh.
3. The applicant
will provide a mortgage and deposit as required by their
lender and their lender will be the first charge holder.
4. The applicant may repay the second charge at any time
within 10 years of completion either on sale of the
property, redeeming of the mortgage or transfer of an
interest in the property to a third party.
5. The
applicant’s commitment to repay the second charge will
continue to be based on the value of property at the future
point of sale. Whether the property value increases or
decreases the applicant’s liability for the agreed
percentage remains the same.
6. Westleigh reserves
the right to independently pursue the applicant for any
monies not repaid by the amount of equity in the property at
the point of future sale.
7. Full details of the
second charge will be provided prior to completion of the
purchase.
8. On future sale Westleigh reserve the
right to establish the value of the property by sourcing two
independent valuations. This may also be used to establish
the difference between the original completion price and the
selling price in the event of a dispute.
