Checkmate delivers two pioneering new products in the UK to help stimulate sales of new homes. Please contact us for full details of the Strathearn Deposit Bond and the Strathearn Equity Bond.
Strathearn Deposit Bond is an alternative to paying the full contractual deposit for an off-plan property. Instead of paying the typical 10% deposit a small premium is paid by the purchaser and the developer/vendor is given a Strathearn Deposit Bond as a guarantee. This ensures that the developer/vendor will receive the full bonded deposit upon legal completion should the purchaser fail to complete the purchase.
Strathearn Equity Bond allows the purchaser of a completed property to defer the payment of part of the purchase of the new home until a pre-agreed fixed date in the future. Up to 25% of the contractual purchase price can be deferred for between 3 and 10 years. The Strathearn Equity Bond ensures that the outstanding, deferred amount of the original purchase is paid to the developer /vendor upon the specified date, should the buyer fail to meet their legal obligation to do so.
Both the Strathearn Deposit Bond and Strathearn Equity Bond are provided by one of our strategic partners and are subject to status, terms and conditions and other underwriting criteria as defined by them. All enquiries will be passed directly to our strategic partner.
For further details, please visit our partner page: Strathearn Capital
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