Purchase with Confidence Guarantee

We leave no stone unturned!

You probably have heard the stories about people buying property overseas and then later finding out that there is a problem with ownership; sometimes the developer does not even have a permit to build and the property has to be demolished, causing the buyer to lose thousands of pounds!

This is why before we feature a property on our website we appoint a team of independent lawyers to carry out stringent checks on the project, to make sure that all necessary permits, licences and titles are in place. This is what we call the 'Due Diligence' process.

Our 'Due Diligence' process is probably the most extensive carried out by any property company today. In fact, some developers do not deal with us; apparently we ask for too much information. That's fine by us, we only want to work with reputable developers who are more than happy to give us all the necessary documentation; after all, the security of our client's money is of the highest importance to us and we want to maintain our proud record of 100% delivery.

Some of the typical checks we carry out are listed below:

• Building Licences
  A simple document proving that the developer has obtained the licence that allows the construction of the project to start.
• Certificate of Land Ownership
  Proof that the developer owns the land.
• Planning Approvals
  We check with local planning departments to see what applications have been approved and those pending approval. This helps to understand how the location in question will develop in the near future.
• Non-Encumbrance Check
  Searches to find out whether or not there are any debts secured against the land.
• Build Quality Guarantees
  A guarantee relating to the quality of construction and specification.
• Developer Background Checks and References
  Full checks on developer's background and experience. We also carry out on-site inspection of previous projects and speak with previous customers.
• Preliminary Contract
  When you purchase an off-plan property you will be required to sign a 'Preliminary Contract'. We will review these to make sure that the terms are fair.
• Bank Guarantee
  A guarantee stating that if the developer runs out of funds prior to the completion of a development project, the bank or insuring party will return all funds to the investor. If applicable our legal team will review these documents to check the terms of the guarantee.
• Stage Payments to Developer
  Review of the stage payment percentages and to whom this payment is made. Wherever possible we look to have our clients monies deposited into a separate client account (escrow) which is administered by an independent lawyer.
• Incentive Packages
  One of our main strengths is that because we are usually the first to buy into the developments we offer, we are able to negotiate market leading investor incentives, such as rental guarantees. We review all incentive packages offered by the developer to make sure we know exactly how they will be administered.

Colordarcy is an agent at the forefront of customer protection initiatives. We want to make it simple for you to 'Purchase with Confidence' and to invest securely. So rest assured that when you purchase a property from us, we leave no stone unturned! Your protection is our responsibility.

 

Why not read:

• Our Approach
• Service Guarantee
• Industry recognition from the Association of International Property Professionals (AIPP)