General
Global Property Partners Club (GPPC) acts as an introducing agent for the sellers of the property on this web site. All sales information is provided by the sellers and published by us in good faith but we cannot take any responsibility for any errors or omissions in those sales particulars.

Prospective purchasers should always carry out their own checks as to the accuracy of sales information prior to making a reservation.

Seller
The sellers of property on this web site are Banks or Property Developers working in conjunction with their banks.

Properties
All properties are offered for sale at the lowest prices acceptable to the seller. Unlike other organisation's offering discounted property Global Property Partners Club do not add any percentage to that price. Instead we charge our clients a sourcing fee for our services. You are thereby assured that you are buying at the lowest possible price.

Many properties have been acquired by International Banks, usually by means of repossession, where the original owners had defaulted on their mortgage payments.

The properties will include the transference of any residue of a Builders Warranty. Many banks have also confirmed that all properties offered by them, via Global Property Partners Club, will have a valid, approved legal title.

Mortgage
All properties can be purchased for cash, but where a mortgage is needed then the buyer, as a condition of sale, has to have a written 'Agreement in Principle' issued by a recognised lender before any formal reservation can be accepted.

Mortgage lenders amend their criteria for mortgage from time to time. Global Property Partners Club cannot be held responsible should these changes affect adversely a clients ability to obtain adequate mortgage finance.

Reservation Date
The reservation date is the date that a fully completed reservation form together with an initial reservation deposit for £3000 is received at the offices of Global Property Partners Club. An "Agreement in Principle" will also be needed if a mortgage is being used to finance the purchase.

Sourcing Fee
Global Property Partners Club charge prospective buyers a property £995 sourcing fee.

This fee will be payable in two installments. The first installment is £295 payable when a formal reservation is made. The second installment for the remaining £700 is payable on legal completion.

Making an offer
Our properties are being offered at substantial discounts and are already at the lowest price acceptable to the seller.

However in a few cases International banks may be prepared to consider a lower figure on foreclosed properties subject to their normal sales policy.

Purchase Period
The period runs for 30 consecutive days from the reservation date. During this period the seller will remove the property from general sale and grants the purchaser exclusive sole rights to proceed with the purchase on the property.

Reservation Deposit
The required deposit is 10% of the purchase price. An initial deposit of £3000 is required on the date of formal reservation with the balance of the normal 10% deposit becoming payable within 10 days of reservation date.

Completion
Completion of the purchase will normally take place within 30 days of the initial reservation date.

Inspection Trips
Clients must pay the costs for traveling to/from the country in which they are purchasing and any overnight accommodation. We recommend a visit of 3 days is usually appropriate.

Global Property Partners Club will arrange for their representatives to meet clients at their hotel and will escort them to view their chosen properties. Our representatives can provide valuable local knowledge in your property quest.

Legal Fees
The buyer is free to select their own legal representative to deal with the transaction and is responsible for paying their fees.

Property Taxes
The buyer is responsible for the payment of International Property taxes.

NI / Overseas Bank Account
Clients will need to be in possession of a NI (National Insurance) number in the country of purchase, prior to making any formal reservation. In addition a foreign bank account is needed to pay local utility bills etc.

If the buyer is obtaining a overseas mortgage then it is often a condition of the mortgage loan that a current account is opened with them.

Our local representative can advise and assist you to fulfil these requirements.

Cancellation
The purchaser can withdraw from the sale at any time during the reservation process prior to completion. However any reservation deposits paid to the seller and £295 of the sourcing fee payable to Global Property Partners Club is non-refundable.

In certain circumstances the seller may agree that any reservation fees paid could be transferred to another property owned by them.