‘Off-The-Plan’ Purchases

I have recently assisted a few clients with ‘off-the-plan’ purchases, and they have each had their own unique obstacles when it came to the finance process. ‘Off-the-plan’ purchases are typically apartments or townhouses that have been bought before they have been built. A 10% deposit is payable upon signing of the contract, and the remainder is paid once the property is built. When making a purchase like this, there are two important things to think about so that you aren’t caught out and unable to settle on your purchase.