Investment | FAQs | How we work | Example purchase

Following your initial enquiry we will have a discussion with you about what exactly you are trying to achieve. Maybe you just want one property, maybe dozens. Once we know what you want, we will attempt to find you a property, or several, in the area you desire. Then ...

1. We contact you via email or phone and send you the relevant links to our website for our forthcoming property opportunities.
2. You spot a property you like the look of in the ‘Current Opportunities’ page.
3. You call or e-mail DB Investment Property to discuss the deal and the development and, if you wish, verbally reserve your plot.
4. We will send you the Developer's Reservation Form, and our Finder's Fee Agreement Form. These forms must be completed and returned to us with the appropriate reservation fee before we are able to reserve the property.
5. If you wish, we can have our mortgage broker call you to discuss the options open to you.
6. If a purchase falls through because of a fault on your part (e.g. not responding quickly enough to a request for information from the Mortgage Broker, not disclosing any County Court Judgements or other problems which could preclude you from a mortgage), you are highly unlikely to recover your reservation fee. If the deal collapses through the developer 'pulling' the deal from us or the development itself not being completed, your reservation fee would normally be refunded.
7. We can instruct our Solicitors to act on your behalf for the purchase of your property. They will require a proportion of the legal fees to be paid at this point.
8. The developer’s solicitors will draw up the contracts and send them to your solicitor.
9. Your mortgage offer will be issued.
10. Once the solicitors have completed their searches, etc, you then exchange contracts. At this point the Developer is going to require the deposit paid (usually 5% - 10% of contract price). If we have a simultaneous exchange and completion on a property that is ready for occupation, you will not need this deposit.
11. You are now committed to purchasing the property and the developer is committed to selling to you.
12. Our Finder's Fee now becomes payable. This is 1% +VAT of the discounted price.
13. Completion takes place once the property is ready for occupation. If any stamp duty is payable, the Solicitors must be in receipt of this. Your mortgage funds are drawn down by the Solicitors and any money due back to you in the way of deposits paid etc comes back to you shortly afterwards.
14. Your solicitor will send you a final bill for all their work and this will need to be paid upon completion.
15. In some areas we have good contacts in the Lettings and Property Management field and can put you in touch with them to arrange the letting of your property should you wish. If we do not know of anyone in this area, we have a link on our website to ARLA (The Association of Residential Letting Agents) where you will be able to search for a reputable Letting Agent in the area of your new property.
16. If your plan is to rent the property out furnished, we can put you in touch with companies who provide entire furnishing packages for your new property at very reasonable prices. Again, the company’s details are on this website.