Buying investment property - UK purchase procedure

Offplan Investor aim to make buying investment property UK based, as simple and as cost effective as possible.

Remember! There are NO INTRODUCERS/FINDERS FEES and NO COMMISSIONS to pay at any stage of the purchase process, maximising the return on buying investment property UK wide and minimising costs to you.

1) View and Select
View the investment property on the website. (Available to view as soon as you have registered.)

2) Reserve
Select the investment property you want within the ‘pricing and availability’ section for the relevant development. Buying investment property is easy. Simply click on the reserve button for the property you wish to reserve. A reservation page will appear, which should be completed and submitted to us. We suggest you print a copy for your records.

Please note: By completing the form you are not committed to a purchase. As soon as we receive your request, one of our reservation staff will contact you to discuss buying investment property in more detail. We look forward to being of further assistance.

Alternatively you can reserve by telephone. Please call 0800 161 3456 giving details of the development property you want to reserve. We will then take details over the phone and answer any queries you may have. This is a provisional reservation and does not constitute a final contract.

3) Confirmation and Reservation Fee
A member of the Offplan Investor team will contact you to confirm availability of the development property you have selected. A non-refundable reservation fee (typically £500-£1000), payable by cheque to the developer will need to be sent within 24 hours. This secures the plot for you. You will also need to confirm details of your nominated solicitors. A confirmation document will then be issued to you for your records. This document confirms the investment property is available and summarises your reservation and desired development property details. It is also your record of agreement to our terms and conditions. You may wish to speak to a mortgage/financial adviser about funding your purchase.

4) Exchange of contracts
The developer’s solicitors will issue within a few days, a purchase package (including exchange contract) to your nominated solicitors. Solicitor’s fees (including search costs and disbursements) will be payable at this stage.

Exchange of contracts, between yourself and the developer will take place usually within 28 days.

5) Exchange Deposit
The agreed exchange deposit (up to 10% but can vary by developer and property) is now payable to the developer's solicitors. The reservation fee for your investment property will be deducted on exchange, in most cases from the deposit.

6) Completion
The agreed purchase price balance will be due on completion and will be advised by the developer's solicitors.

7) Cancellations
If at any time following the issue of the confirmation notice, the reservation is cancelled and exchange of contracts does not proceed, the reservation fee will be retained with no refund.

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