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Conventional Payment Plan |
EasyBuy Payment Plan |
| 1. |
Buyer and seller agree the sale - and the buyer pays a reservation deposit of two or three thousand Euros. |
Buyer and seller agree the sale - buyer pays a reservation deposit of two or three thousand Euros to secure the property and within one week makes this deposit up to 15% of the purchase price. (If it is more convenient for the buyer, the initial 15% can be paid immediately and then only one transaction is necessary at this stage.) |
| 2. |
Thirty days later, the buyer pays 50% of the property purchase price (less the reservation deposit). |
Nothing more is paid for seven months - and then only 35% of the purchase price is due. |
| 3. |
On completion, the remaining 50% balance is paid.
Note that in some situations above there may be additional interim payments which can mean that even more than 50% is paid out some time prior to completion. |
On completion, the remaining 50% balance is paid.
With EasyBuy there are never any other purchase stage payments due between payment of the 35% and completion.
Using examples from even reasonably low cost properties, savings of up to £6,650 could be achieved. |
