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I think this picture was during the squash tournment as its not there all the timeCheers Queenie. When was that taken? The stadium wasnt there when we was out there.
I think this picture was during the squash tournment as its not there all the timeCheers Queenie. When was that taken? The stadium wasnt there when we was out there.
Hi Skip.Just spoke to Stuart at Experience International and he has confirmed that Hania is definately shared freehold.
According to Zeiad in another thread, resale of freehold property is not legally allowed for 5 years. The only way around it is to revoke the contract with the developer, meaning that you can only sell to them. Unless the fact that it is shared freehold alters things. I will ask in the apropriate thread.Hi Skip.
I am aware that some people had reservations whether Hania was freehold or leasehold and if there was a restriction on re-sale of property. I also have been informed of the following:
1. Hania is freehold;
2. You can sell when you want;
3. You can sell to whom you want.
Regards
RED
Hi Roger.According to Zeiad in another thread, resale of freehold property is not legally allowed for 5 years. The only way around it is to revoke the contract with the developer, meaning that you can only sell to them. Unless the fact that it is shared freehold alters things. I will ask in the apropriate thread.
The Due Dilligence also states that you have to offer the developer the option to buy first in the first 5 years. But then the Due Dilligence also says it's leasehold
Hi Peter.Hi Red I thought this was a Shariah mortgage? Is the HSBC option a fixed percentage throughout the term on the total capital amount? If so the true interest rate is much, much higher.
Hi Red,I don't know if this has been mentioned already. The developer has agreed to provide a Mortgage via HSBC bank on the Hania Beach development. I believe it's a fixed rate 15 year term at 6.9%.
I believe the mortgage will be written into the contract. Is anyone considering the HSBC finance option??
Regards
RED
Hi Peter,Hi Red I thought this was a Shariah mortgage? Is the HSBC option a fixed percentage throughout the term on the total capital amount? If so the true interest rate is much, much higher.
Hi Roger.Hi Red,
I would far rather raise the money here at a better interest rate, and where I have a better idea of the financial going ons. If that fails then I would need to know a lot more about the HSBC offer before I decide whether or not to take it up.
RealEstate.Red Hania says they offer this service in corperation with HSBC do you have clear information, and when the final plans ana availability will be announced?