An Assured Sale of your current house

Features include:

• The opportunity to sell your house yourself
• Estate agents fees paid by Scotia on a successful sale up to a maximum of 1% plus VAT of the selling price
• A guaranteed sale of your house to fall back on to give you peace of mind
• The guaranteed price of your existing house must be a minimum of 25% less than the price of your new Scotia home.

Plot specific. Terms and conditions apply. Please ask for details.

A step-by-step guide

• Reserve your new Scotia home with £500…fixing the price of your new house.
• Scotia shall arrange for two independent firms of surveyors to carry out valuations of your existing property.
• Scotia shall provide you with a copy of the independent surveyor’s valuations.

Thereafter, either of the following will occur:

A)

Scotia will agree a fair market price for your existing house taking into account the two surveyors valuations.

• Upon reaching agreement as to price for your existing house, Scotia shall issue a contract (sale and purchase agreement) which links both the sale of your existing property to Scotia and the purchase of your new Scotia home.
• You have 21 days from issue to conclude the contract.
• The £500 reservation fee shall be deducted from the purchase price of your new Scotia home.
• Thereafter you have the opportunity to market your house yourself with the benefit of Scotia paying your estate agency fees up to a maximum of 1% plus VAT of the selling price on a successful sale.
• On the successful sale of your current property, a further deposit of £5,000 is payable to Scotia within seven days of receiving funds from the sale of your current house. The deposit of £5,000 will be deducted from the purchase price of your new Scotia home.
• In the event that you have not received a satisfactory offer for your existing house 10 weeks prior to the date of entry of your new Scotia home. Scotia will take your property as part exchange at the guaranteed sale price.

OR

B)

Should all parties fail to reach agreement as to a fair market price for your existing house. The reservation of your new Scotia home shall lapse and the reservation fee of £500 shall be returned less the cost of the independent surveyor’s valuations.