Whether you are a first-time buyer, sold your current home or investing in a rental property the reservation procedure is the same and our team are here to help you through what can seem a daunting process.  In order to reserve your new Imperial Home we ask that you are in a proceedable position.  

What is meant by proceedable? 

A proceedable new homes buyer is someone who is ready and able to purchase a property without significant delays. This typically means they have either sold their current home or have the necessary financing secured, such as a mortgage agreement in principle unrelated to a property sale 

Upon receiving confirmation of financial qualification and any chain details, Imperial Homes will provide a Reservation Form for you to review the conditions, provide your signature and will request payment of your £1000 reservation fee.  

The reservation fee will be held in a designated separate client account by Imperial Homes throughout the conveyancing process and will be deductible from the agreed purchase price. 

Our sales representative will then provide email confirmation that the property has been withdrawn from the market and held for a strict period of 8 weeks from date of reservation to allow the conveyance process to take place. 

Imperial Homes will not attempt to sell the property to a third party until such a time as the Reservation Agreement has expired or if we consider that the purchaser has not taken appropriate steps to progress their associated sale. 

The reservation agreement may be cancelled at anytime should you not wish to proceed. 

Cancellations within the first 14 days will receive a full reservation. 

Thereafter a refund will be arranged, less any expenses incurred by Imperial Homes. 

Imperial Homes have a duty of care to our clients, especially those considered vulnerable. 

Should you feel you need further help to make an informed decision about your property purchase, please let our team know and they will take your specific needs into consideration. 

As part of the reservation process, we are obliged to complete an AML (Anti Money Laundering) check on all our customers independently from estate agents and your solicitor.  

Imperial Homes have a role to play in preventing money laundering and financial crime as set out in the UK’s Anti Money Laundering Regulations, we appreciate your co-operation.