We buy your property at the market value less stamp duty and a 1% administration charge. You buy your property straight back, but instead of giving us the full amount, you only pay a one time 10% deposit to exchange contracts and an annual 5% deferral fee up to completion. We delay completing for up to five years leaving you free to use the money you've released. At legal completion in 3 or 5 years time, the 90% balance of the contracted price is due for payment. In total that should be cheaper than other re-financing schemes, and enables you to retain your interest in your property. What is deferred completion? When you buy any property there are two steps: an exchange of contracts and a legal completion. When you exchange contracts you pay a deposit- typically 10%. When you complete a month or so later, you pay the balance. Save My Property works on exactly the same principle – except that after you pay a 10% deposit, you don't have to complete for up to five years. All we do is charge a small administration fee of 5% a year (which can work out cheaper than other refinancing schemes). Next : What's The Catch?
	SITEMAP | PRIVACY & DISCLAIMER | CREDITS Gate House, Fretherne Road, Welwyn Garden City, Hertfordshire, AL8 6NS Tel +44 (0)845 230 2100    Email info@omegafs.co.uk    Web www.omegafs.co.uk