Terms and Conditions for Every Cloud “Ready made deals”:

a)      When purchasing property in the United Kingdom you have to be aware that it is under the laws of either, England & Wales, Scotland or Northern Ireland, dependant upon where the property is situated, and under financial rules and regulations laid down by The Bank of England, or other designated banking institutions in the various countries that make up the United Kingdom, even if the lender is a subsidiary of a foreign based bank. Legal purchasing methods and taxes may are also be different. You buy this Ready Made deal with the above in mind.

b)      The Market Value quoted is provided in good faith (unless otherwise stated), after extensive research into current market prices for similar properties in the area, and the actual valuation for mortgage purposes will be confirmed by the lender’s surveyor.

c)      The market prices stated have been checked against estate agents asking prices and the selling price for similar properties in the immediate area, by checking the published figures on the Land Registry website or other websites using the Land Registry data to produce the information. The value stated is comparable with other properties for sale in the vicinity. Lenders will loan on % Loan to Value (LTV) subject to a valuation carried out by the lenders appointed surveyor. The valuation can vary either way but can not be guaranteed.

d)      Once a deal has been taken, you must confirm to Every Cloud within 5 working days details of your Mortgage Broker, the date the Application in Principle for the property was submitted, and confirmation that the Valuation fee has been paid. Failure to demonstrate all of the above will mean that Every Cloud reserves the right to re-advertise the property and any reservation fee paid will not be refunded.

e)      In the event that the official valuation figure provided by the mortgage lender’s surveyor is lower more than the expected figure, Every Cloud will attempt to negotiate the difference with the vendor on your behalf. In the unlikely event that an acceptable revised figure can not be agreed with the vendor, then you have the option of, either going ahead by absorbing the difference, or Every Cloud will refund your reservation fee in full if you decide to withdraw.

Please be advised that due to obvious time constraints and the fact that we are dealing with sellers who require completions with the minimum of delays, we will only be able to refund the reservation fee providing that you decide to withdraw from the purchase within 5 days of receiving the valuation figure and this has been confirmed in writing to info@everycloud.org

f)       Except in the case of receiving a lower valuation as stated above, we will not be able to refund your reservation fee. Our decision will be final.

g)      The costs that you will incur are not determined or administered by us. We have endeavoured to be as accurate as possible. However these are subject to change at any time. Prices and costs quoted for legal and other fees and taxes are a guide and designed to be for illustration purposes only (via our recommended partners), they do not constitute a quote.

h)      The balance of the Finder’s fee will be invoiced to you immediately after a decision in principle has been obtained and accepted by you. A copy of the invoice will be sent to the bridging lender. The payment of the finder’s fee will be delayed until completion and will be paid to us by the bridging lender on your behalf after deduction from your account.  Should completion take longer than 90 days, we reserve the right to invoice you directly for the balance due.

i)        We do not accept responsibility for any expenses or losses incurred by you.

j)        Every Cloud is not licensed as Investment / Financial Advisor nor Estate Agents. Furthermore we are not authorised by the Financial Services Authority to provide investment or financial advice either in the United Kingdom or other overseas countries or territories.

k)      Our standard vendor negotiation confirms the purchasing investor will cover the vendor’s legal expenses.

l)        In paying a Reservation Fee you agree to these terms by default.

m)     In paying a Reservation fee, you agree to the terms agreed with the Vendor in the Pre-Purchase Agreement.