| your PURCHASE Slovakia, like most countries has a wide variety of purchasing options. However, you may decide to purchase the property by releasing equity from property in the United Kingdom. The first thing we need to say is that it is vital that you take independent financial advice before you reserve a property with ourselves. Please do not stretch yourself beyond a reasonable level. We want you whole experience to be responsible and exciting with the correct advice it can be both. Okay that being said lets look at what will be required by yourself. Unless you are a Slovak citizen funding levels are normally up to to a maximum of 65-70% of the sale price. Therefore you will have to supply 30-35% of the price on signature of the initial contract. If you are then using our funding partners they will arrange for the lenders to then “pick up” the future payments required up to the hand over of keys. Please check each development on our site that has a specific breakdown of timescale payments and amounts. Limited Companies Funding can also be made available for U.K. Ltd. companies to purchase in Slovakia. This can have a very substantial benefit. In addition to your deposit of 30-35 % there is a standard Admin fee of £ 3,000 per property and a developer’s deposit of £ 500 – 1,000. Therefore on Reservation you will have £ 500 – 1,000 developer’s deposit and £3000 reservation to pay immediately. On contract signing 8 – 12 weeks later 30 – 35 % of the purchase price. Some clients have then decided to re-finance their property and release equity. Whilst this is your decision we will not encourage or promote this action before completion. Please purchase your property and then evaluate your requirements. Please note that these figures are for guideline purpose only and will be specifically given prior to any purchase. For further information and advice, please call us and we will arrange a full discussion with our finance partners.
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