Provestor Terms & Conditions

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New-build and Off-plan Property Terms and Conditions

• Provestor Ltd is not providing, and will not provide, any financial advice as regulated by the Financial Service Authority. If you are in any doubt you should always obtain your own independent legal and financial advice.
• You agree to use the services of the mortgage brokers/advisors introduced to you by Provestor Ltd when purchasing any property through us. You will be responsible for paying for your own survey and mortgage broker fees.
• You agree to use the services of the independent solicitor introduced to you by Provestor Ltd when purchasing any properties through us. You will be responsible for paying your own legal fees, including Stamp Duty Land Tax (SDLT), search fees, conveyancing fees and any other relevant disbursements.
• You will be expected to assist the mortgage broker and solicitor to enable exchange and completion of contracts within a timely period. All our offers are time-sensitive and you agree to work within the time constraints necessary to bring about completion. Timescales will be notified to you in writing at the outset and these may vary from deal to deal. Provestor Ltd will not be held responsible if you are unable to complete on a deal nor if you fail to meet any timescale. Under most normal conditions you should be in a position to obtain a mortgage offer and exchange contracts within 28 days of reserving your property.
• To secure each property you must pay a Reservation Fee. These fees must be paid in full within 72 hours of reserving a property. Failure to pay fees in accordance with the above will result in the property being offered to other clients.
• Reservation Fees are usually £1000 per property, but this can vary on occasion. In accordance with Industry Standards, Reservation Fees are non-refundable in the event, for whatever reason, of you deciding not to go ahead with the purchase of the property.
• Provestor Ltd's standard Introducer's Fee is £2500 + VAT. When applicable this fee is payable in full at the time of reserving your property. Provestor Ltd reserves the right to adjust this fee from time to time.
• Provestor Ltd will refund 50% of its Introducer's Fee should your property purchase fail to complete, subject to every effort being made by the client to comply with conditions. Provestor Ltd cannot refund other costs associated with this transaction, such as legal and valuation fees. Any request for such refunds must be agreed directly with the appropriate parties.
• Discounted prices and sales incentives offered by a developer may be subject to exchanging and or completing the purchase within an agreed time period, or by a specific date. Provestor Ltd cannot be held liable if failure to meet the agreed time frame results in the developer withdrawing these offers.
• Provestor Ltd advises all clients to ensure that they have the financial means to go ahead with any purchase and have researched the potential property thoroughly before paying over the Reservation Fees.
• Provestor Ltd uses all reasonable efforts to ensure that the property details and information published in any marketing format, including this web site, is current, complete and accurate at the time of publication. Provestor Ltd makes no express or implied warranties or representations as to the accuracy of all such information.
• Provestor Ltd will not be held responsible for any transactions that may be deemed to be unprofitable or unsuitable to any investor for whatever reason. Provestor Ltd will not accept responsibility for any errors, omissions, inaccuracies or misunderstandings arising out of any information provided in whatever format it may appear.
• Provestor Ltd will not be liable for any damages arising out of or in connection with the use of any information provided in whatever format. Any property sales details published are produced in good faith and are not intended to form part of any contract.
• Property values can decrease in value as well as increase in value. As with all investments, we recommend you conduct your own due diligence exercise and take independent advice wherever necessary. At all times you must decide if property investment is suitable for your own requirements and circumstances.