Schemes and incentives terms and conditions

  1. General terms and conditions applicable to incentivised offers and schemes
    1. These terms apply to the offer of incentives by us, Avant Homes Limited and any member of the Avant Homes Group of companies (“Avant”), to you, our customer.
    2. We may from time to time advertise offers which may be available on the homes we sell. However, available offers may vary depending on the particular home you are looking to purchase and your personal circumstances. If you are interested in taking advantage of any particular offer, please discuss your eligibility with your sales adviser before reserving your property.
    3. The offer of incentives will be agreed prior to reservation and the value of the offer will be set out in the reservation form. Following the reservation of a property, should you fail to exchange contracts within 49 days, we may unilaterally revoke any offer of incentives agreed at the point of reservation.
    4. We reserve the right to vary or withdraw any offer we make at any time prior to confirmation of your reservation. Your offer will only be confirmed once you have completed the reservation form, paid the reservation fee and we have accepted your reservation.
    5. Some mortgage providers may take the value of developer and other contributions such as incentivised offers and schemes into account in determining your eligibility for a mortgage or the terms on which it is prepared to offer that mortgage to you. As practice differs between providers, we cannot advise on how any contribution, incentivised offer or scheme we agree to make or apply towards your new build home might affect your specific mortgage. Please check with your provider before agreeing the terms of an offer with your sales advisor.
    6. Purchasers will only be able to legally complete on their purchaser when their property is build complete and ready to be occupied. Any date which is given by Avant as a forecast build completion date is an estimated date only and Avant cannot guarantee that a plot will be build complete and ready for occupation by a specific date.
    7. No cash alternatives, cash equivalent or cash refunds apply. All customer incentive offers and schemes advertised or agreed by Avant are personal to the purchaser(s) identified in the reservation form and non-transferable.
    8. If a purchaser withdraws from or otherwise fail to complete the purchase for any reason, the incentivised offer or scheme will be withdrawn, and Avant will be under no obligation to pay or allow the value of the contribution or allowance to the purchaser or to make an equivalent offer to it on a future reservation it may place.
  2. Deposit paid offer
    1. This offer is only available on selected developments and properties is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes.
    2. This offer is only available on owner occupied properties. Purchasers buying homes for investment/buy to let purposes are not eligible.
    3. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant incentivised offer or scheme.
    4. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    5. In order to be eligible for this offer, a purchaser must contribute a minimum 5% deposit.
    6. Prior to a purchaser reserving its property, Avant may agree to contribute towards the deposit up to a maximum of 5% of the purchase price (excluding customer extras) of the property and this contribution will be credited against the purchase price on legal completion which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
    7. A single contribution per new build property, rather than per purchaser will be allowed meaning that a single purchaser of a single property will receive the same deposit contribution allowance as multiple purchasers of a single property.
    8. Avant will not be responsible for ensuring that multiple purchasers of a property receive their proportionate share of any monies allowed pursuant to this offer.
  3. 24 months mortgage contribution offer
    1. This offer is only available on selected developments and properties is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes.
    2. This offer is only available on owner occupied properties. Purchasers buying homes for investment/buy to let purposes are not eligible.
    3. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant offer or scheme.
    4. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    5. Prior to a purchaser reserving its property, Avant may agree to contribute up to 5% of the purchase price of the property (excluding customer extras) and this contribution will be credited against the purchase price on legal completion which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
    6. A single contribution per new build property, rather than per purchaser will be allowed meaning that a single purchaser of a single property will receive the same mortgage contribution allowance as multiple purchasers of a single property.
    7. Avant will not be responsible for ensuring that multiple purchasers of a property receive their proportionate share of any monies allowed pursuant to this offer.
    8. It is the purchaser’s responsibility to use the money from this offer which is allowed against the purchase price towards meeting its mortgage payments. The money from this offer may not be enough to meet a purchasers’ monthly mortgage repayments.
  4. Key worker scheme
    1. This offer is only available on selected developments and properties is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes. The offer may not be available to all categories of Key Workers across all schemes. We would invite purchasers to enquire with their sales advisors for further information on any particular property.
    2. This offer is only available on owner occupied properties. Purchasers buying homes for investment/buy to let purposes are not eligible.
    3. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant offer or scheme.
    4. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    5. This offer is available to only those purchasers who can adequately demonstrate to Avant that they fulfil the Key Worker eligibility criteria.
    6. The Key Worker eligibility criteria requires that:
      1. The purchaser is employed by any one of the following institutions or performs the following job role at the point when its reservation is confirmed (including any Scottish equivalent):
        1. (a) NHS;
        2. (b) Police force;
        3. (c) State education sector;
        4. (d) Fire service;
        5. (e) Regular UK Armed Forces Personnel who have completed their basic (phase 1) training and who are one of the following:
          1. (i) Regular service personnel including Military Provost Guard Service, in the Navy, Air Force and Army;
          2. (ii) Clinician staff (excluding doctors and dentists);
          3. (iii) Uniformed staff in the Defence Fire Service;
          4. (iv) Ex-Regular military service personnel, who have served in the armed forces for more than 5 years and left their role no more than 12 months prior to reservation, with a valid discharge card;
        7. (f) The surviving partner of Regular UK Armed Forces personnel who have died in service, provided they reserve within 12 months of their bereavement and provide appropriate proof of their eligibility;
        8. (g) 4x4 Response;
        9. (h) Ambulance Service;
        10. (i) Blood Bikes Border Force;
        11. (j) Cave Resue;
        12. (k) Community First Responders;
        13. (l) Fire Services;
        14. (m) Highways England;
        15. (n) Traffic Officer;
        16. (o) HM Armer Forces Veterans;
        17. (p) HM Coast Guard;
        18. (q) HM Prison Service;
        19. (r) Immigration Enforcement;
        20. (s) Lowland Search and Resue;
        21. (t) MoD Fire Services;
        22. (u) MoD Police Mountain Rescue;
        23. (v) Red Cross;
        24. (w) Royal National Lifeboat Institution (RNLI);
        25. (x) Social Care Workers;
        26. (y) St. Andrews Ambulance
        27. (z) St. John Ambulance
        28. (aa) UK Visas and Immigration
        29. (bb) Probation service;
      2. Acceptable proof of employment is provided prior to reservation.
      3. The purchaser is over 18 years old at the point when their reservation is confirmed.
    7. Prior to a purchaser reserving the property, Avant may agree to contribute towards the costs of purchasing the property. This will be a single lump sum payment and for every £25,000 of the purchase price of the property (excluding customer extras), Avant will allow £500 to the purchaser, up to a maximum contribution of £12,000. For example, if you reserve a property with a purchase price of £250,000, Avant will contribute £5,000 towards the purchase ((£250,000 ÷ £25,000) x £500).
    8. The contribution will be credited against the purchase price on legal completion which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
    9. A single contribution per new build property, rather than per purchaser will be allowed meaning that a single purchaser of a single property will receive the same Key Worker contribution allowance as multiple purchasers of a single property.
    10. Avant will not be responsible for ensuring that multiple purchasers of a property receive their proportionate share of any monies allowed pursuant to this offer.
  5. Bank of Mum and Dad offer
    1. This offer is only available on selected developments and properties is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes.
    2. This offer is only available on owner occupied properties. Purchasers buying homes for investment/buy to let purposes are not eligible.
    3. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant offer or scheme.
    4. A single contribution per new build property, rather than per purchaser will be allowed meaning that a single purchaser of a single property will receive the same gifted contribution allowance as multiple purchasers of a single property.
    5. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    6. Prior to a purchaser reserving its property, Avant may agree to match any parental or family member gifted contribution towards the purchase price (excluding customer extras), up to a maximum of £2,000 per property. Avant’s contribution will be credited against the purchase price on legal completion which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
    7. A gift letter stipulating that the parental or family member contribution is a gift, is not repayable and that no interest will be charged may be required as well as confirmation/proof from the purchaser’s solicitor that the parental or family member gifted contribution has been paid to it as cleared funds to be applied only towards the purchase of the property from Avant.
  6. FIRST TIME BUYER FUND OFFER
    1. This offer is only available on selected developments and properties is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes.
    2. This offer is only available to first time buyers on owner occupied properties and purchasers wishing to avail themselves of this offer will need to provide suitable evidence of first time buyer status on each occasion requested by Avant.
    3. If there are multiple purchasers of a single property, all purchasers must be first time buyers in order for the property to be eligible for this offer.
    4. Should a purchasers status change between reservation and completion, the purchaser must disclose this change in writing to Avant’s conveyancer and this offer may be revoked.
    5. Purchasers buying homes for investment/buy to let purposes are not eligible.
    6. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant offer or scheme.
    7. Only a single offer may be agreed per new build property, rather than per purchaser meaning that a single purchaser of a single property will receive the same offer value as multiple purchasers of a single property.
    8. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    9. Prior to a purchaser reserving its property, Avant may agree to contribute towards the first time purchasers’ costs, fees and expenses by offering any one or more of the following benefits, in such combination as it deems applicable:
      1. Retail Vouchers;
      2. Customer Options vouchers;
      3. A contribution towards the purchaser’s:
        1. (a) deposit;
        2. (b) mortgage;
        3. (c) legal fees
        4. (d) flooring package,
        4. up to a maximum aggregate value of £20,000 and the contribution from Avant for each individual benefit shall be in the amounts set out in the reservation form, if any. Different terms and conditions apply to each benefit as set out below.
    10. Retail Vouchers
      1. Retail vouchers may be offered from one or more retailers and will be issued to the purchaser within 28 days following legal completion.
      2. Retailers’ terms and conditions apply to the redemption of retail vouchers and Avant cannot be held responsible if a purchaser fails to redeem a voucher before its expiry date of if after its issue, a voucher is cancelled or withdrawn for any reason or otherwise ceases to be redeemable.
      3. Purchasers should enquire of their sales advisors which vouchers are on offer from time to time but their final selection and/or supply may be limited due to availability and/or other matters beyond Avant’s control meaning substitute vouchers may be issued to the purchaser.
    11. Customer Options Vouchers
      1. A Customer Options voucher offer is an offer where the purchaser receives a voucher to be redeemed against the cost of personalising their new home.
      2. Personalisation options, and the cost of the personalisation options, vary from home to home. Purchasers should check with their sales adviser as to the options and costs for the specific property that they have chosen.
      3. Personalisation options available will depend on the build stage of the property that a purchaser has selected. Generally, personalisation options must be selected before the roof is completed. Purchasers should check with their sales adviser as to any specific deadlines for selecting personalisation options.
      4. To make use of its voucher, a purchaser must order their personalisation options through Avant’s standard process and provide details of their voucher at the time they place the order. Their order will be subject to Avant’s usual price list and terms and conditions relating to the purchase of personalisation options.
      5. If the value of the personalisation options a purchaser selects, is less than or equal to the value of their voucher, they will not have to pay anything for the personalisation options but will not be entitled to any cash refund for the balance.
      6. If the value of the personalisation options a purchaser selects, is more than the value of their voucher, the cost of those personalisation options will be reduced by the value of the voucher, and it will remain responsible for payment of the remainder of the cost.
      7. If a purchaser fails to use the voucher (or any part of it) prior to any applicable deadline for ordering personalisation options, the voucher will expire and will be of no further value.
      8. If a purchaser’s order for personalisation options (or part of it) is cancelled for any reason after they place it, Avant will where possible arrange with them to transfer the value of their voucher to alternative personalisation options. However, no cash refund is available for parts of the price paid for by using the voucher.
      9. If a purchaser withdraws from or otherwise fail to complete the purchase for any reason, the voucher offer will be withdrawn, and Avant will be under no obligation to pay the value of the voucher to the purchaser or to make an equivalent offer to it on a future reservation it may place. If Avant have already commenced work on the personalisation options a purchaser selected (or purchased goods or materials relating to them) and would be entitled to charge them for those personalisation options under its standard Terms and Conditions for Options and Extras, Avant reserve the right to request payment in cash for the cost of the personalisation options.
    12. Deposit Contribution
      1. Where the contribution is to be allowed towards the deposit, Avant will credit the contribution against the purchase price on completion of the property transaction which means that the total purchase price the purchase pays will be reduced by the value of the contribution.
      2. Avant will not be responsible for ensuring that multiple purchasers of a property receive their proportionate share of any monies allowed pursuant to this offer.
    13. Mortgage Contribution
      1. A mortgage contribution will be credited against the purchase price on legal completion which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
      2. Avant will not be responsible for ensuring that multiple purchasers of a property receive their proportionate share of any monies allowed pursuant to this offer.
      3. It is the purchaser’s responsibility to use the money from this offer towards meeting its mortgage payments. The money from this offer may not be enough to meet a purchasers’ monthly mortgage repayments.
    14. Legal Fees Contribution
      1. Where the contribution is to be paid towards legal fees, Avant will pay the contribution as a credit against the purchase price on legal completion/settlement, which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
      2. Avant do not pay the contribution towards a purchaser’s legal fees directly to the relevant third party (such as your service provider), nor can we pay it to a purchaser in cash. The purchaser is responsible for paying any amounts due to the relevant third party in accordance with its standard payment terms.
    15. Floor Package
      1. Avant will cover the cost of flooring at the new build property, including installation costs, up to an equivalent of 5% of the purchase price.
      2. Purchasers are invited to select from one of Avant’s eligible flooring ranges which may change from time to time.
      3. Final selection and/or supply be limited within the eligible ranges due to availability, the build phase of the property and/or other matters beyond Avant’s control and in some instances, a purchaser may be offered pre-selected flooring. Purchasers should check with their sales adviser as to any specific deadlines for selecting personalisation options.
      4. To make use of this flooring offer, a purchaser must order their personalisation options through Avant’s standard process. Their order will be subject to Avant’s usual price list and terms and conditions relating to the purchase of personalisation options.
      5. If the value of the flooring option a purchaser selects is less than or equal to the value of their flooring offer as set out in the reservation form, they will not have to pay anything for the flooring option.
      6. If the value of the flooring option a purchaser selects is more than the value of their flooring offer as set out in the reservation form, they will be responsible for payment of the remainder of the cost.
      7. If a purchaser fails to use the flooring offer (or any part of it) prior to the deadline for ordering flooring options, this element of the offer will expire and will be of no further value.
      8. No cash alternative, cash equivalent or cash refund is available.
      9. If a purchaser withdraws from or otherwise fail to complete the purchase for any reason, the offer will be withdrawn and Avant will be under no obligation to pay the value of the offer to the purchaser or to make an equivalent offer to it on a future reservation it may place. If Avant have already commenced work on the selected flooring option (or purchased goods or materials relating to it) and would be entitled to charge the purchaser for the flooring under its standard Terms and Conditions for Options and Extras, Avant reserves the right to do so.
  7. Stamp duty paid / LBTT paid offer
    1. This offer is only available on selected developments and properties is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes.
    2. This offer is only available on owner occupied properties. Purchasers buying homes for investment/buy to let purposes are not eligible.
    3. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant offer or scheme.
    4. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    5. Prior to a purchaser reserving its property, Avant may agree to contribute up to 5% of the SDLT/LBTT due on the purchase of the property and this contribution will be credited against the purchase price on legal completion which means that the total purchase price the purchaser pays will be reduced by the value of the contribution.
    6. A single contribution per new build property, rather than per purchaser will be allowed meaning that a single purchaser of a single property will receive the same SDLT/LBTT contribution allowance as multiple purchasers of a single property.
    7. Avant will not be responsible for ensuring that multiple purchasers of a property receive their proportionate share of any monies allowed pursuant to this offer.
    8. Any purchaser wishing to take up this offer must honestly disclose all material facts, circumstances and information Avant may require to accurately calculate their liability for SDLT or LBTT, including all information Avant reasonably request to enable this to be done.
    9. Where Avant calculates your liability for SDLT or LBTT, this is purely for the purpose of assessing the contribution we believe a purchaser may be entitled to. It is a purchaser’s responsibility to check their SDLT or LBTT liability with their solicitor or conveyancer and let us know if their liability is different to the amount we calculated.
    10. If a purchaser’s actual liability for SDLT or LBTT is less than the amount Avant originally calculated, either because the calculation is incorrect or because there is a change in law or regulation before completion / settlement of your purchase which reduces the purchaser’s liability, Avant reserve the right to reduce the value of the contribution proportionately (so if, for example, we had agreed to pay 50% of the purchaser’s assumed SDLT or LBTT liability, Avant will instead pay 50% of the actual SDLT or LBTT liability).
    11. If a purchaser’s actual liability for SDLT or LBTT is more than the amount Avant originally calculated, either because the calculation is incorrect or because there is a change in law or regulation before completion / settlement of your purchase which increases the purchaser’s liability, Avant will be under no obligation to increase the value of the contribution and the value of the contribution will remain as set out in the reservation form unless we agree otherwise in writing.
    12. No cash alternative, cash equivalent or cash refund is available.
    13. It is the purchaser’s responsibility to use the money from this offer which is allowed against the purchase price towards meeting its SDLT/LBTT liability. The money from this offer may not be enough to meet a purchasers’ SDLT/LBTT liability.
  8. Own New offer
    1. This offer is only available on selected developments and properties, is subject to status, availability and Avant Homes’ Group General Terms and Conditions Applicable to Incentivised Offers and Schemes.
    2. This offer is only available on owner occupied properties. Purchasers buying homes for investment/buy to let purposes are not eligible.
    3. This offer is a standalone offer and unless written confirmation is provided to the contrary by your sales advisor, cannot be used in conjunction with any other Avant offer or scheme.
    4. Legal completion must take place on or before the date agreed at the time of reservation. Should the purchaser fail to complete its purchase on the due date through no fault of Avant, this offer may be revoked.
    5. This offer is only available through selected mortgage lenders.
    6. Purchasers are required to contribute a minimum 5% deposit.
    7. This offer is backed by a financial contribution from Avant Homes which is paid to the mortgage lender on completion of the sale.
    8. Purchasers must meet the mortgage lender’s eligibility criteria.
    9. Mortgage lender’s terms and conditions may apply.
    10. No cash alternative, cash equivalent or cash refund is available.

My Move Scheme Terms and Conditions

  1. You must allow us access to Your Property within seven calendar days and we will appoint two independent valuers to value Your Property (in Scotland, this will be an estate agent and a surveyor). The valuation will be instructed on the basis of achieving a sale within a period of time agreed with your Sales Advisor, at the price it is likely to achieve in the current market (as opposed to an advertised asking price). If there is a discrepancy of more than 10% between the 2 valuations, we will appoint a third valuation.
  2. Within two working days of the valuations being carried out, we will confirm verbally, what we consider to be an acceptable price for Your Property and propose a marketing range under the My Move scheme. We will also confirm these proposals in writing on the same day.
  3. Upon receipt of the proposed prices, you must tell us whether they are accepted within two working days. If accepted, your new build plot will be placed on hold for a minimum period of six weeks or the period agreed with your Sales Advisor for marketing Your Property and we will not sell the plot to another purchaser during this time. If you do not accept the proposed prices, your application will be cancelled.
  4. Obtaining a valuation of any property does not obligate us to accept the property under the My Move scheme. Whether a property is suitable for the My Move scheme is entirely at our discretion and we are at liberty to refuse any property onto the My Move scheme without explanation.
  5. If Your Property is already on the market, you agree that you will cancel all existing arrangements with any estate agent, regardless of whether that results in you incurring costs (which we shall not be obliged to reimburse).
  6. You agree to allow us to nominate the estate agent(s) that will market Your Property and to agree the marketing terms with them at our sole discretion.
  7. You provide your irrevocable authority to the appointed estate agent(s) to liaise with us during the period the property is marketed for sale and to discuss with us any offers received. You agree to notify us with any offers you receive directly within one day of receipt.
  8. You agree to co-operate with the appointed estate agents to allow: a. The erection of a “For Sale” sign at the property; b. All advertising that we consider appropriate in connection with the marketing of the property; c. Reasonable access to Your Property by potential buyers viewing the property (by appointment only)
  9. If an acceptable offer has not been received after the first two weeks of marketing the property under the My Move scheme, we reserve the right to renegotiate with you regarding reducing the marketing price and acceptable sale price. If you do not accept the proposed revised prices, we may cancel your application.
  10. If an acceptable offer has still not been received by the expiry of the agreed marketing period, your application will be cancelled and the new build plot will be remarketed.
  11. If an offer is accepted on Your Property, you can proceed to formally reserve your new build plot. If this offer is through an estate agent we appointed and the buyers proceed to exchange contracts on your sale simultaneously with exchange of contracts on your purchase of the new build plot, we will pay the estate agent’s fees up to £7,000 (excluding VAT) in connection with the sale of Your Property. Fees exceeding £7,000 will need to be paid by you direct to the Asset Manager responsible for Your Property’s sale.
  12. If you withdraw from the Reservation of the new build plot but choose to proceed to complete the sale of Your Property to a buyer introduced by the estate agent that we appointed, you agree to be wholly responsible for all of the estate agent’s fees in connection with the marketing and sale of Your Property.
  13. You agree to continue to maintain Your Property and its garden in a satisfactory and clean and tidy condition throughout the process.
  14. Full vacant possession of Your Property will be required on legal completion.

Part Exchange Scheme Terms and Conditions

  1. The following properties will not be acceptable for our part exchange scheme (the below list is not exhaustive):
    1. a. properties with a value more than 70% of the purchase price of the associated new build plot;
    2. b. leasehold properties with less than 85 years remaining on the lease;
    3. c. properties with unusual methods of construction or characteristics;
  2. You must allow us access to your property within seven days and we will appoint two independent valuers to value Your Property (in Scotland, this will be an estate agent and a surveyor). The valuation will be instructed on the basis of achieving an exchange of contracts within 42 days, at the price it is likely to achieve in the current market (as opposed to an advertised asking price). If there is a discrepancy of more than 10% between the 2 valuations, we will appoint a third valuation.
  3. Within two working days of the valuations being carried out, we will confirm verbally, the price we are willing to pay for Your Property under the Part Exchange scheme. We will also confirm this offer in writing on the same day.
  4. You must tell us within two working days whether our offer is acceptable. If accepted, the matter can proceed to formal reservation. If you do not accept our part exchange offer, your application will be cancelled.
  5. Upon accepting our part exchange offer, you agree to appoint a solicitor within two working days and to use all reasonable endeavours to achieve exchange of contracts within the 42-day reservation period. If contracts have not exchanged (or missives concluded in Scotland) within the 42-day reservation period, we reserve the right to revalue the Your Property and you must allow access to do so. If any such revaluation is undertaken, we will confirm the price we are willing to pay for your property under the Part Exchange scheme within two working days of the revaluation. That price may be higher or lower than any price we have previously offered to you. You must tell us within two working days whether our revised offer is acceptable (“Your notice”). If the revised offer is not accepted, the Reservation Agreement shall be deemed to have been cancelled and we shall refund the Reservation Fee and other payments to you in full within 14 days of our receiving Your notice. Obtaining a valuation of any property does not obligate us to make a part exchange offer. Whether a property is suitable for the Part Exchange scheme is entirely at our discretion and we are at liberty to refuse any property onto the Part Exchange scheme without explanation.
  6. Any offer made by us and accepted by you under the part exchange scheme is subject to our receiving and being satisfied with any further enquiries or reports that we consider appropriate or necessary.
  7. If Your Property is more than 10 years old, we reserve the right to require a satisfactory RICS Home Buyers Report, which will be paid for by us. If the Home Buyers Report identifies that works are required to Your Property or that further specialist reports or surveys are recommended, we may require these to be carried out as a condition of the part exchange, or to re-negotiate the PX Buy-in Price.
  8. You will also need to provide us with an up to date Gas Safety Certificate for the PX Property from an engineer registered with an industry recognised accredited body and an up to date Electrical Installation Condition Report from an NICEIC registered electrician, both of which must be less than 2 months old. If either of these certificates or reports identifies work required to the PX Property, we may require these works to be carried out as a condition of the part exchange, or to make an allowance from the PX Buy-in Price to cover the cost of the works.
  9. All floor coverings, integrated kitchen appliances, light fittings, curtain poles/tracks and blinds are to be included in the part exchange price unless specifically agreed otherwise in writing. if an agreement to allow the removal of any such items is made, it will be on the basis that suitable replacements are made and that any damage caused to the decoration by the removal of such items is made good to an acceptable standard.
  10. If gas or electricity is supplied to the PX Property through a pre-payment meter, you will contact your utility supplier and arrange to convert back to a traditional meter prior to you vacating the PX Property.
  11. If your property is already on the market, you agree that you will cancel all existing arrangements with any estate agent, regardless of whether that results in you incurring costs (which we shall not be obliged to reimburse).
  12. You agree to allow us to nominate the estate agent(s) that will market your property and to agree the marketing terms with them at our sole discretion.
  13. You provide your irrevocable authority to the appointed estate agent(s) to liaise with us during the period the property is marketed for sale and to discuss with us any offers received. You agree to notify us with any offers you receive directly within one day of receipt.
  14. We reserve the right to market the PX Property prior to your move into your new Avant Home. We may commence marketing immediately.
  15. The nominated estate agents will be marketing Your Property on our behalf and subject to your purchase of the associated new build plot, we will pay the estate agents fees in connection with the marketing and sale of Your Property.
  16. You agree to co-operate with the appointed estate agents and:
    1. a. to allow the erection of a "For Sale" sign at the property;
    2. b. allow all advertising that we consider appropriate in connection with the marketing of Your Property;
    3. c. to allow reasonable access to Your Property by potential buyers viewing the property (by appointment only);
    4. d. to leave a key with our estate agents so that they can carry out viewings if you are not available to give access.
  17. If you complete the Part Exchange transaction, we will pay the nominated estate agent's fees in connection with the sale of Your Property.
  18. If you withdraw from the Reservation of the new build plot but choose to proceed to complete the sale of Your Property to a buyer introduced by the estate agent that we appointed, you agree to be wholly responsible for all of the estate agent's fees in connection with the marketing and sale of Your Property.
  19. You agree to continue to maintain Your Property and its garden in a satisfactory and clean and tidy condition until you complete your Part Exchange transaction with us. A £500 retention will be held by our solicitors on completion until (a) the PX Property has been inspected and it has been confirmed to us that the PX Property has been left in a clean and tidy state, that all items that were due to be included remain in the PX Property and that all items that were due to be removed have been removed; and (b) all sets of keys for the PX Property have been received by us. The retention monies will be returned to your legal representative within 14 days after confirmation that these conditions have been complied with. Some or all of the £500 retention may be retained by us if the PX Property has not been left in a satisfactory condition.
  20. On the day of legal completion, the keys to your new build plot will not be released to you until the balance of purchase monies is received and you have deposited all keys with the sales office or the estate agent. If any keys are missing, we reserve the right to instruct a locksmith to change appropriate locks and hold you accountable for the associated costs.
  21. Full vacant possession of Your Property will be required on legal completion.
  22. Upon vacating Your Property, you agree to take records of all meter readings and to contact the utility companies within seven days of vacating the property to report the readings, provide a forwarding address and request a final bill. You agree that you will be responsible for all utility costs until keys to Your Property are handed over.

Home Reach

Home Reach is a new build ownership solution brought to you by Heylo Housing Group. The Home Reach shared ownership scheme cannot be used in conjunction with any other Avant Homes purchase scheme, offer or promotion. Subject to affordability criteria as prescribed by the Homes and Communities Agency. Subject to individual mortgage lender qualification and affordability criteria.

Shared Equity Scheme

The Shared Equity Plots are sold with the assistance of Saffron Housing Trust as follows:

  1. Potential Buyers must be eligible and approved by the Local Authority before they can reserve the plot, in accordance with the conditions of the Section 106 Agreement.
  2. Buyers will initially purchase 75% of the equity in the property and Saffron Housing Trust will retain the remaining 25% of the equity. For example, if the full purchase price is £100,000 the buyers will pay £75,000 on completion.
  3. On completion the buyers will be granted a Shared Ownership Lease, where Saffron Housing Trust are the Landlord (owners of the freehold).
  4. The Shared Ownership Lease secures the 75% equity acquired by the buyers, and is for a term of 99 years from the date of the Lease and with a fixed rent of £1 per annum throughout the term.
  5. The buyers will be responsible to pay to the Landlord throughout the term of the Lease (a) a contribution towards insurance of the property and (b) any outgoings for the property e.g. bills, taxes, rates, service charge (if applicable) etc.
  6. Five years from the date of the Lease the buyers can choose to staircase by acquiring further equity in the property. Buyers can acquire a minimum of 10% and a maximum of the remaining 25% equity. The value of the equity is based on the market value of the property at the time of staircasing. For example, if the buyers wanted to acquire a further 10% equity (making an 85% equity share overall) and the market value of the property at that time has increased to £110,000 then they would need to pay £11,000 to Saffron Housing Trust for that further 10% equity.
  7. If and when the buyers acquire the full 100% equity in the property, Saffron Housing Trust will transfer the freehold of the property to the buyers and the Shared Ownership Lease falls away.
  8. There is no obligation on the buyers to increase their share – they can remain with a 75% equity share throughout the 99 year term of the Lease if they want to.
  9. If the buyers decided to sell the property at any point in the future, they would need to contact Saffron Housing Trust to ensure that any future buyers fulfil their criteria and the buyers would only ever be able to sell the percentage equity in the property that they have acquired to that point. For example, if the buyers own 75% equity they can only sell their 75% equity share based on the market value at that time.
  10. If the property value increases or decreases over time, so does the value of the equity share.

Military Discount

CASH TOWARDS A NEW AVANT HOME WITH AN ARMED FORCES DEPOSIT CONTRIBUTION

MILITARY SERVICEMEN AND WOMEN ARE ENTITLED TO APPLY FOR A £500 CONTRIBUTION, FOR EVERY £25,000, TOWARDS THE PURCHASE COST OF A NEW AVANT HOME. CAPPED AT £12,000.

For example, a home costing £226,000 would qualify for a contribution of £4,500.

UK Armed Forces personnel in the Army, Navy or RAF. Also, those who served in Afghanistan or Iraq. Retirees will remain eligible 12 months from the date of retirement.

This offer is available to UK Armed Forces Personnel where they have completed their basic (phase 1) training and they are one of the following:

  1. Regular service personnel (including Military Provost Guard Service, in the Navy, Army and Air Force).
  2. Clinical staff (with the exception of doctors and dentists).
  3. MOD Police Officers.
  4. Uniformed staff in the Defence Fire Service.
  5. Ex-Regular service personnel who have served in the Armed Forces for a minimum of six years, can produce a Discharge Certificate (or similar documentation) as proof, where they apply within 12 months of the date of the discharge from service.
  6. The surviving partners of Regular service personnel who have died in service, where they apply within 12 months of the date of being bereaved.

This offer is available to Armed Forces Personnel who purchase a new Avant Homes home in Great Britain. Armed Forces Personnel are entitled to £500 contribution for every £25,000 on the price of a new Avant Homes property. Customer’s intention of claiming this contribution must be disclosed at the time of reserving a property and before any other offer is applied. Evidence of eligibility under this scheme must be provided. Contribution cannot be used in conjunction with other selected offers. Contribution is available on residential mortgages only and is not available on buy to let properties. Purchasers must be over 18 years of age.

First Homes

These Terms and Conditions are supplemental to and must be read in conjunction with, those in the Reservation Form.

  1. First Homes will be subject to a price cap to ensure that they are available to people who need them. The cap, after the discount has been applied, is £250,000 across England and £420,000 in London. Local authorities will be able to set lower price caps to ensure that First Homes are right for the local market. These price caps apply for the initial sale only. For further information, please visit: Own Your Home | First Homes Scheme - Own Your Home
  2. If you wish to reserve a First Home plot, you confirm that you have already checked the local authority eligibility criteria and consider you are an eligible purchaser.
  3. You confirm that you understand the terms of the First Homes scheme and that you will only be able to re-sell the home in the future to another eligible First Homes buyer under the terms of the First Homes scheme, i.e. that you must pass on the same percentage discount you are receiving to the next buyer of your property.
  4. Before you will be able to reserve a First Home plot, you must allow us to carry out the following checks:
    • • That all purchasers are first time buyers;
    • • That you have secured a mortgage agreement in principle;
    • • That you meet both the national and local eligibility criteria;
    • • That you have identified a legal representative to advise you on the purchase (we have a panel of suggested representatives but you are free to choose your own);
  5. You agree that you will supply all appropriate information required to accompany the First Homes application in order to enable us to complete the application form with you and will sign the legal declaration on the application form confirming you are first time buyers prior to submission of the form to the local authority.
  6. You will then appoint your legal representative to deal with your purchase.
  7. You agree that you have read the company’s privacy policy and understand how we will use your personal data in connection with the First Homes application.
  8. If you meet all the requirements, the local authority will issue a First Homes Authority to Proceed and Eligibility Certificate
  9. Your legal representative will also receive instructions from the local authority. You can usually expect a local authority to issue their Authority to Proceed in approximately 5 working days of application receipt. It is very important that your application is completed in full before being submitted to the Local Authority because they will not be able to consider partial applications, and this will cause delay.
  10. You agree to complete your mortgage application immediately upon receipt of the Authority to Proceed and Eligibility Certificate. It is very important that you do not submit your full mortgage application until you have the Authority to Proceed. Securing a ‘decision in principle’ can be done before this, but submitting a full mortgage application will incur cost and you should not do this until you know you are approved to buy.
  11. When your legal representative is in receipt of your mortgage offer and has arranged for you to sign all contract paperwork, they will apply to the local authority for the Authority to Exchange and Compliance Certificate.
  12. You agree to pay your deposit to your legal representative immediately upon request so that contracts can be exchanged promptly upon receipt of the Authority to Exchange.
  13. You accept that the First Home discount will be noted on the title deed of your property and protected by a restriction on sale, which will prevent you from selling the property unless the sale complies with the First Homes Scheme.
  14. You accept that in order to sell your First Home, you must comply with the requirements of the First Homes scheme that are applicable at the time of sale. Please note that it is the local authority’s eligibility requirements at the time of sale that will apply – these may differ from the current rules, which state:
    • • You should first notify the local authority that you wish to sell your First Home.
    • • The local authority will issue you with instructions for marketing and confirming the eligibility requirements. These must be used by your estate agent to ensure they can market to eligible purchasers.
    • • You should then instruct your estate agent and give them the eligibility requirements for their marketing. Owing to the additional legal requirements involved in selling a First Home, it is not advisable to attempt a private sale.
    • • You must have your First Home valued by a valuer accredited by the Royal Institution of Chartered Surveyors (RICS). The surveyor will assess the market value of your home on the basis of comparable market value homes, and will then apply the original percentage discount you received when you initially purchased your First Home.
    • • You must initially attempt to sell your First Home to buyers who meet any local connections criteria and/or key worker criteria set by your local authority. If, after 3 months of active marketing through an estate agent, you are unable to sell your First Home, you must then attempt for a further 3 months to sell your property through an estate agent to buyers who meet the national criteria for purchasing First Homes.
    • • Your estate agent will check potential purchasers and complete an application pack (like the one you completed when you bought the First Home) for the new purchaser:
    • • The purchaser would need to meet all the eligibility criteria; be able to make an offer (subject to their eligibility); and be, in the estate agent’s professional judgement and advice to you, the most proceedable purchaser.
    • • At this point, you will also need to submit to the local authority a valuation demonstrating the sale is at a discount to the prevailing market value. The valuation must be from a valuer who is qualified by the Royal Institution of Chartered Surveyors (RICS). You will need to pay for this. The RICS surveyor will value the home’s 100% market value before the First Homes discount percentage is applied.
    • • The price of your First Home cannot be negotiated upwards from the discounted value set confirmed by your valuation. You can reduce the price, for example if you wish to secure a quick sale, but the price may not be increased even if there are a number of potential buyers.
    • • The local authority will consider your purchaser’s application and your valuation. If eligible, the local authority will approve the purchaser and issue instructions to their conveyancer, very similar to the process followed when you purchased the First Home. Your purchaser’s conveyancer will then follow the local authority’s instructions and the sale will proceed in the same way.
    • • To ensure that other people can benefit from the discounted home, the same percentage reduction must be applied when you sell your First Home as was applied when you made your purchase. For example, if you purchased your home at a 30% discount compared to the open market price, you must also sell it for a 30% discount compared to its open market value at the time of sale.

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