Landfield Affordable Homes Buying Procedure:

Landfield Affordable Homes Buying Procedure:

 

  1. Complete a Landfield Affordable Homes Application Form (obtainable online or from any of our offices or agents)
  2. Select a preferred Housing Unit type
  3. Submit forms to Landfield Affordable Homes (online or to our agent or at our Head Office)
  4. Receive an Offer Letter from Landfield Affordable Homes, indicating general terms and conditions as well as price
  5. Sign Contract of Sale
  6. Receive Payment Invoice and house allocation Letter from Landfield Affordable Homes
  7. Payment Schemes: Make Payment directly to our bank as follows:

A. For Homa Homes’ In-House Purchase Scheme

  1. Pay a minimum 30% of Cash Sale Price as initial deposit when the sale agreement is signed.
  2. Take over the property on completion and pay the remainder over a 12-year period starting after a one-year moratorium on the installment payments.
  3. Group-purchase (8 buyers) can choose a name of their preference for the block.

B. For Homa Homes’ Rent-To-Buy (R2B) scheme:
Main Option:

  1. Pay up to 25% of the Cash Sale Price as initial deposit when the sale agreement is signed.
  2. Move into the property on completion of construction and pay the remainder over a 12-year period starting after a one-year moratorium on the installment payments.
  3. Group-purchase (8 buyers) can choose a name of their preference for the block.

Flexible Option:

  1. Pay a minimum 15% of the Cash Sale Price as initial deposit when the sale agreement is signed.
  2. Pay the reminder over a period of 13-year period starting one month after the Contract of Sale date and move into the property on completion of construction. NO moratorium on the payments is allowed under this scheme Group-purchase (8 buyers) can choose a name of their preference for the block.

C. For Outright Purchase:

  1. Pay 25% of the sale price as initial deposit at the signing of the sale agreement.
  2. Pay the remaining 75% of the sale price on completion of construction and handing over.
  3. Group-purchase (8 buyers) can choose a name of their preference for the block.

D. For General Mortgage (take-out) Financing:

  1. Pay 25% of Cash Sale Price as initial deposit at the signing of the sale agreement.
  2. Pay the remaining 75% of sale price by mortgage financier before completion and handing over.
  3. Group-purchase (8 buyers) can choose a name of their preference for the block.