Terms and Conditions – Property Deal Sourcing
These Terms and Conditions (“Terms”) govern the relationship between us, a UK-based property sourcing company (“we”, “us”, or “our”), and you, the client (“you” or “the Client”). By reserving a property through us, you agree to be bound by the following Terms.
1. Reservation Fee
1.1. To reserve a property and remove it from our listings, you must pay a refundable reservation fee of £100.
1.2. The reservation will hold the property for 14 calendar days, giving you the opportunity to conduct due diligence and decide whether to proceed with the purchase.
1.3. If you choose not to proceed, the £100 reservation fee will be refunded in full, provided you notify us before the end of the 14-day period. Allowances made if the property is unable to be viewed within this time.
1.4. If no decision is communicated within the 14-day period, the property will be re-listed and the reservation fee will be forfeited.
2. Sourcing Fee
2.1. If you decide to proceed with the purchase of the reserved property, a property sourcing fee of 2% of the purchase price plus VAT will apply. A minimum sourcing fee of £3,000 plus VAT is applicable in all cases.
2.2. Upon confirmation of your decision to proceed, you will be required to pay 50% of the sourcing fee upfront.
2.3. This 50% upfront fee is refundable only if the sale falls through through no fault of your own (e.g., vendor withdrawal or failed legal checks).
2.4. If the sale falls through due to any fault or decision of the buyer, the 50% deposit will be non-refundable.
2.5. The remaining 50% balance of the sourcing fee is payable upon completion of the property purchase.
3. General Conditions
3.1. We do not provide financial, mortgage, tax, or legal advice. Clients are strongly advised to carry out their own due diligence and seek professional advice as required.
3.2. We reserve the right to amend these Terms at any time. Updated versions will be provided upon request or via our website.
3.3. All fees are stated in GBP and are exclusive of VAT unless otherwise specified.
3.4. These Terms shall be governed by and construed in accordance with the laws of England and Wales.