As a pre-launch deal, the developer is currently offering investors the following incentive on a limited number of plots:-
• Investors can purchase with only a 15% deposit
• A mortgage on completion - mortgage are likely to be via a Spanish mortgage (currently running at around 4.5%), unless something more favourable is available at the time of completion.
• Early bird 15% deposit paid by the developers
• Rental guarantee of between 3, 5 or 10 years (to be confirmed)
• The rental guarantee will be in the region of 5% and 8% net

As the Royal Moroc Sports and Leisure Club development is pre-launch, investors are required to pay a £1,000 fully refundable reservation fee to register their interest and qualify for the above incentives. The reservations fee is fully refundable over the next 2-4 weeks when full property lists, plans and prices will be released. When the plans are available, the properties will be assigned on a first come, first served basis and investors will be able to decide which actual property they wish to purchase. A contract will then be issued and the 15% deposit will become due 30 days after that.

All reservation fees will be held in a solicitor's client account until contracts are signed and deposits are paid. A letter confirming receipt of reservation fee and where it is held will be sent to each investor within one week of receipt of payment.

Just £1,000 fully refundable reservation fee is needed to register your interest and to qualify for the 15% deposit amount(a saving to you of 15%). After the pre-launch the full 30% deposit will be needed.

Example of Typical Cost Structure.
The purchase of a two bedroom apartment would be broken down as follows:
Purchase Price €165,000
Deposit (30%) €49,500
Less15% Founder Member’s Discount €24,750
Deposit payable up to mortgage €24,750
Balance to pay financed through cash
Or developers mortgage (subject to status) €115,000

Note - Please check Finance/Extras for any finishing costs.
Once the development is launched to the open market (6 - 8 weeks), the Early Bird Discount is likely to be withdrawn. Also, it is unlikely that the the current payment structure will still be on offer, resulting in a more rigid payment structure of various stage payments up until completion.
Details for the development are approximate at the present time. More details will be available over the next 3 weeks and all final plans will be complete during the next 6 - 8 weeks.