Any prospective Buyer interested in buying one of our smallholdings will be required to enter into a sale and purchase contract and a copy of this will be supplied to the prospective Buyer prior to the sale being confirmed.

The sale price will be set down in the contract and we have every confidence that the price agreed with the prospective Buyer will be considered fair.

The prospective Buyer will have the opportunity to select two different ways of acquiring the land.

1. An outright purchase with completion of the transaction 28 days from the date of the contract – when a Land Registry Transfer signed by the Seller will be handed over to the Buyer or his appointed conveyancer in exchange for the balance of purchase money. This outright sale gives the Buyer immediate access to the land bought and then secure registration of the title to the land. The Buyer becomes absolute owner.

2. A deferred payment scheme which will require the prospective Buyer to enter into the contract and at the same time pay an initial deposit of 10% of the agreed purchase price. Included in the terms of the sale contract, provision will be made for the balance of the purchase money to be paid to the Seller by monthly instalments, for example:-

Example:

Purchase price: £30,000
Deposit required 10%: £3,000
Remaining balance: £27,000
60 equal monthly instalments: £450.00 per month

3. The Buyer’s interest in the land will be protected by an entry on the registered title of the land. The Buyer will not be required to pay interest on the balance of purchase money unless and until any instalment is in arrears when the seller reserves the right to charge interest at the rate of 6% per annum.

4. The deposit may be paid by bank transfer, cheque or debit card.

5. Payment of the balance of purchase money by monthly instalments must be paid by banker’s standing order only.