Eglinton Park Brochure - Flipbook - Page 15
LODGES - The Simple Buying Process
1) Choose your Lodge Number
2) Complete the Reservation Form
3) Return your signed reservation form.
4) We will con昀椀rm your chosen Lodge has been reserved and ask you to transfer the holding deposit to us
5) We will con昀椀rm receipt of the transfer of your deposit
(this will be held and be deducted from your 昀椀rst payment).
6)
We will then send a copy of the reservation form to your solicitor and to the developer’s solicitor.
7)
Your solicitor will email you acknowledging recipient of your reservation and will include their formal
instructions for them to act on your behalf.
8) You return the terms of engagement signed to your solicitor and they will then con昀椀rm to the
developer’s solicitor that they have formal instructs and are acting for you regarding the transaction.
9) The developer’s solicitor will send to your solicitor the full legal pack.
10) Your solicitor will check the legal documents on your behalf to protect your interest, and then forward
their report to you with the documents for signature.
11) You will sign the legal documents and return them to the solicitor and transfer the 昀椀rst payment
(less the £3,000 deposit) to their secure client’s account.
12) Your solicitor then con昀椀rms to the developer’s solicitor that he has the first payment and signed legal
documents and transfers the funds to them AND EXCHANGE OF HAS TAKEN PLACE.
This initial process will normally take a maximum of 2/3 weeks and you will be noti昀椀ed by your solicitor
when the other payments are due, and we will be constantly monitoring the situation on your behalf.
Your solicitor will forward the other instalment payments to the developer’s solicitor and when the last
payment is received legal completion has taken place your chosen Lodge is now yours.
Your solicitor will then prepare the formal legal documents of title and forward to the Scottish Land
Registry where your plot is legally registered in the names on the Legal Documentation, and when it
has been registered your solicitor will con昀椀rm the entry to you.
Timeline Weeks
Lodge
Type
Sales Price
0
0
10
8
18
Deposit
Contract
28 days
Slab
Complete
Lodge
Delivered
Totals
£3,000
20%
40%
40%
£60,980
£159,950
1 Bedroom
1 bed luxe
£159,950
£3,000
£31,990
Less
Deposit
£63,990
2 Bedroom
2 bed luxe
£199,950
£3,000
£39,990
£79,980
£76,980
£199,950
3 Bedroom
3 bed luxe
£229,950
£3,000
£45,990
£91,980
£88,980
£229,950
15
