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Aftersales Exchange

RESERVATION PROCESS

Once you have chosen your preferred unit with your sales representative you will be required to provide the below items before solicitors can be instructed.

  • Completed, legible reservation form
  • Reservation fee – payable via bank transfer or card payment over the phone
  • ID
  • Proof of address

Once the above documents have been provided and funds received the pending reservation process is complete. Solicitors will then be notified of the purchase details and our Aftersales Team will contact you to advise the next steps and introduce your to your solicitor as the conveyancing process begins.

LEGAL PROCESS – PRE EXCHANGE

Your recommended solicitor will contact you to introduce themselves and provide their initial introductory paperwork via email. Please complete and return this as soon as possible formally instructing them to act on your behalf. Please ensure your deposit funds are readily available to transfer in readiness and check with your bank to see if you have any unexpected daily transfer limits as this may well prevent unnecessary delays occurring.

In order to satisfy standard anti money laundering regulations your solicitor will require the below information before they are able to proceed to exchange of contracts. (For ease, documents can be returned via email).

Should you have any queries or need assistance with any of the solicitors requirements our Aftersales Team will be on hand to assist whenever needed.

  • Certified identification i.e. passport (most preferred) - all named purchasers must provide this.
  • Certified proof of address dated within 3 months - all named purchasers must provide this.
  • Confirmation of the amount you intend to pay toward the purchase (excluding any mortgage funds), and explanation of how this has been accumulated. For example, savings, inheritance, property sale, divorce settlement, relative/ friend, etc. (You may need to provide supporting evidence for this for which your solicitor will advise).
  • Should any part of your monies be gifted from another person they will also be required you to confirm the giftor’s source of funds and provide their ID and proof of address.
LEGAL PROCESS - EXCHANGE

While you work with your solicitor to satisfy the above requirements your contract will be released from the selling solicitor thus beginning the agreed reservation period (standard being 28 days as stated on your reservation form).

Once your solicitor has reviewed your contract they will also prepare a legal report on the property and undertake full due diligence. This will include but is not limited to:

  • Ensuring that there are no discrepancies regarding the title of property.
  • Inspecting access to property and ensuring that there are no issues with rights of way.
  • Conducting local searches to determine whether there are conditions attached to the property.
  • Ensuring the property has the relevant planning consents etc.

Once the necessary legal due diligence is finalised, your solicitor will then issue their report on title along with your contract for signature and request the deposit funds required for exchange. Once you have provided all documents and funds to your solicitor they will then proceed to exchange contracts, legally securing your unit for you at which point you are then committed to the purchase.

LEGAL PROCESS - EXCHANGE

While you work with your solicitor to satisfy the above requirements your contract will be released from the selling solicitor thus beginning the agreed reservation period (standard being 28 days as stated on your reservation form).

Once your solicitor has reviewed your contract they will also prepare a legal report on the property and undertake full due diligence. This will include but is not limited to:

  • Ensuring that there are no discrepancies regarding the title of property.
  • Inspecting access to property and ensuring that there are no issues with rights of way.
  • Conducting local searches to determine whether there are conditions attached to the property.
  • Ensuring the property has the relevant planning consents etc.

Once the necessary legal due diligence is finalised, your solicitor will then issue their report on title along with your contract for signature and request the deposit funds required for exchange. Once you have provided all documents and funds to your solicitor they will then proceed to exchange contracts, legally securing your unit for you at which point you are then committed to the purchase.

AFTERSALES – PRE COMPLETION (6 MONTHS PRIOR)


Completion takes place on an agreed date after exchange where you are required to pay the balance of the purchase price to your solicitor.

If you have exchanged contracts on a property still under construction (off plan), completion will not take place until the property is ready for occupation. While completion is awaited, construction updates will be provided to you by your sales representative and also posted on the Alliance Investments website for access at any time www.alliance-investments.com. To assist manage expectations within each construction progress report the next scheduled update will be advised.

Our Aftersales - Pre Completion Team will contact you 6 months prior to completion to guide you through the final stages of your purchase introducing you to the below highly recommended services to ensure the terms of your contract are met and a smooth, stress free completion transition is achieved for you.

Cash / Finance

Our Aftersales - Pre Completion Team will work closely with you to ensure funds (cash or mortgage) are transferred to your solicitor in good time to enable completion. Where a mortgage is required we will introduced you to our recommended team of mortgage brokers if you have not already spoken with them who will then guide you through this process. If purchasing with cash should you need any assistance with foreign exchange, transfers etc our recommended team of global currency exchange & money services experts are available to help. Contact details for both can be found on pages 12 & 13.  

Note - Funds required in order to complete must have been transferred out of China (where applicable) no later than 3months prior to completion or by the time your mortgage application is submitted to prevent any issues. This can either be held in another account outside of China or transferred to your solicitors, non interest client account in readiness. We would strongly recommend the same is actioned for a cash purchase to prevent any delays and possible breach of contract come completion.

Furniture and Appliances

Our Aftersales - Pre Completion Team will provide you with the option to purchase any of our furniture & Appliance packs if not already purchased at this stage, development specific or otherwise. The Team will be able to deal with everything required and handle all details for you; place the order, take payment and provide a detailed handover to your chosen Property Management Team who will work closely with the delivery company to ensure all products are delivered, assembled and installed in good time.

Snagging

Once notice to complete is served by the developer your will be provided with a snagging list. On completion, as part of a detailed handover this list will be provide to your chosen Property Management Team along with a point of contact within the construction company to assist manage and rectify all snagging items within the contracted rectification period (where applicable).

Property Management / Lettings & Block Management

Our Aftersales - Pre Completion Team will be introduced to our recommended Property Management Team who will discuss their range of fully managed services available along with their terms and fee structure. As completion approaches our Team will keep the Property Management Team fully informed of anticipated completion dates and provide a detailed handover come the time containing; furniture orders; developer handover pack including keys, snagging list and construction point of contact warranties etc.

Legals

As the final stage, our Aftersales - Pre Completion Team will be guide you through the completion legal process with your solicitor ensuring all required legal documents etc are in place in readiness for completion

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