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How to reserve a property without risking any deposit

Sorelle Fox

  • Andy Fox (Villas Fox, Spanish Bank Properties)
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    on: February 17, 2010, 12:05:36 PM
    Once you see a property you wish to buy, we can reserve it for you for 7 days without a deposit.  During this period, unless the property is still under private ownership, the property will not be sold to anyone else unless you cancel the reservation.   This will give us time to assess your suitability for a mortgage, without you risking any deposit.

    Once you have paid some of your deposit (usually 5% of the purchase price) the property will be reserved for you for a period of 1 - 2 months giving you time to complete on the purchase.