The developer or Caribbean Property Investments, offer you the investor:
assistance to obtain finance for completion.
You have a choice of rental income being:
1, 2 or more years at 10% rental guarantee or a 50% share of the net hotel room rate,
then years 2, 3 or more onwards, @ 50% share of the hotel's net room rate.
30 days free use of your property each year (excluding SIPP investors).
Purchasing off-plan, means you pay a lower price for your property
than the valuation at completion.
There will be several price rises during the build period, which means you will see
the value of your property increase over time.
You can sell your property at any time, after reservation contracts,with the early exit option.
How to finance your investment property
£1,000 (or $2,000) reservation fee* is required for the reservation of a
specific property – you should pay the 30% deposit within 45 days preferably,
of making your reservation (sometimes this can be extended).
The deposit, is 30% of the purchase price.
The Developer loan, will assist investors to obtain finance for completion.
100% finance via a 30% deposit loan **.
All options, for sourcing the 30% deposit* finance will be explored. i.e. an unsecured, or
secured, mortgage or re-mortgage.The deposit can be sourced by yourself,
the Developers, or Caribbean Property Investments.
A 35% deposit loan, should fund the 30% loan's payments, until completion.
If the developers are able to obtain finance, from whatever
means as previously mentioned, and the client refuses this for whatever reason,
or decides not to proceed, the £1,000 reservation fee is non-refundable. If a client arranges
their own finance and is unsuccessful, the developer then reserves the right to try
and obtain finance through their own contacts.
*In all instances, if finance is requested and if we are all unable to obtain finance,
the reservation fee will be refundable.
