Exhibitions > More InformationThe role of an agent - key factsAbout us We are a family run business with High Street premises in our home-town of Newport, Shropshire. We have been established in the overseas property industry since 1989, making us one of the longest running companies in the industry and during that time we have built up a well respected name with developers and agents both overseas and in the UK, and have many satisfied customers who recommend us to other potential buyers. Our role We are the appointed representatives of the Master Agent/Developer/Seller for the properties we are offer overseas. We act as an introducer between you, as the buyer, and the developer, in much the same way as an estate agent works in the UK. We are paid by the Developer/Master Agent/Seller we do not charge you as a customer for our services. We currently work with selected Developers/Agents in a variety of countries that we feel offer the best investment opportunities, but we do not offer access to the full range of properties available. We never knowingly provide false information about a property or development. However most of our information is provided by the Developer/Agent/Seller and we can make no warranty as to the accuracy of the information provided. We do not carry out any legal checks on the properties that we offer for sale – for example, to make sure that they have good legal title and planning permission and that they are free of debt. This is the job of your lawyer, not the role of the agent. Any contract that you make will be between you and the Developer. As the sales agents, we are not party to that contract and we are not responsible for any breach of contract on the part of the developer. Any guarantees provided in connection with your property purchase, such as rental income, mortgage availability or completion dates, are, without exception, provided by the developer and not by us and we are not responsible for them. If any problems arise with your purchase – for example, difficulties in communication or delay in the delivery of the property – we will try to act as an intermediary between you and the developer but we cannot be held responsible for those problems. We will also assist you by liaising, where necessary, with your lawyers and any other parties in involved in the purchase. We strongly recommend that you take independent legal advice about your purchase. This should be from a lawyer who has experience of the law of the country you are buying in and who is familiar with dealing with the special requirements of British / Irish clients buying there. You are free to use any lawyer of your choice but, if you wish, we can recommend suitable lawyers to you. We do not receive payment from the lawyers for making the introduction. In many cases it is also a good idea to seek tax advice as to the best way of structuring your purchase and as to the tax consequences of owning a property abroad. Your lawyer may well be able to offer you this advice. Your role There are a number of things that you will need to take care of in connection with your purchase of property overseas. · You should make all necessary enquiries to ensure that the property is suitable for your needs. · It is your responsibility to ensure that you can meet all costs associated with your property purchase and the ongoing costs of owning your property abroad. · It is your responsibility to arrange for any necessary finance needed in connection with your purchase and for the funds to be available where and when needed. · It is your responsibility to fulfil any contractual obligations you enter into. In most cases your lawyer will help you deal with these issues, or we will assist you further where possible. Some special points You may ask us for information about the property you are thinking of buying or the place where you are buying. We will help you as much as possible. · You should ask us to put any information that is important to you in writing. We will be happy to do this. · It may be that we will not be able to give you information on a particular topic. If so, we will tell you. · Information regarding projected capital appreciation and/or rental yields is very difficult to give. It is provided in good faith and as an estimate only. This information is based on the market conditions and data available at the time and is not guaranteed. We would also recommend that you undertake your own research on these topics if they are important to you. · The value of property, and rental yields, can go down as well as up. · Property should be viewed as a mid to long-term investment. · Exchange rates can fluctuate, and this may affect the final price of your property purchase. · Mortgage rates can fluctuate and this may affect the monthly cost of your property. · Mortgage lenders may change their products or their criteria, which may affect your ability to obtain finance. · Changes in your own circumstances may affect your ability to complete your property purchase.
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