PPHA Incentive Terms & Conditions for £1500 towards legal fees or John Lewis Voucher
The following Terms & Conditions apply to all incentives offered by PPHA or representatives on behalf of PPHA.
The below terms are applicable to any incentive offered by PPHA.
This offer only applies to qualifying purchasers on selected unit at SO Resi Great Dunmow.
To qualify for the Offer, purchasers must:
- make their first reservation of a SO Resi property at SO Resi Great Dunmow between January 1st 2025 and January 31st 2025 (inclusive); and
- complete contracts on the property by 31st March 2025.
1. Due to lender restrictions the total value of all incentives offered cannot exceed 5% of the minimum share value being purchased where the sale is a Shared Ownership, this is based on the minimum share available on the selected property.
2. PPHA will not be responsible for direct payments to any lenders, or third parties and all other monthly commitment charges will remain as advised. It is the responsibility of the purchasers to pay all monthly commitment charges, including payment of service charges or mortgage payments.
3. Purchasers are not restricted from instructing a solicitor and mortgage broker of their own choice; however, we encourage use of a solicitor and mortgage broker from PPHA’s selection of approved firms to assist with meeting the required transaction timeframes.
4. This offer is subject to status and availability and any offer is subject to approval from PPHA.
5. Some incentives are only available as part of individual marketing campaigns and / or on selected plots. Further information can be obtained from PPHA or its appointments representatives.
6. Offers cannot be used in conjunction with any other offer, discount, or incentive.
7. Exchange of contracts must take place within 28 days of the legal pack being issued. If the property is ready for occupation completion must take place within 10 working days of exchange, otherwise completion will be on notice until the home is ready for occupation.
8. PPHA reserve the right to remove an incentive at any time.
Cash incentives, for example, buying costs, moving costs, rent / service charge paid or a contribution towards bills / stamp duty
1. The total value of the incentive is capped as a one-off sum which will be by way of deduction from monies due at completion of the purchase, no cash payment will be made by PPHA to a purchaser.
2. Where an incentive is offered as rent or service charge paid for a specified period, the value of the incentive shall be calculated as the monthly rent / service charge payment multiplied by the specified number of months, this is based on a purchase of the minimum share eg 40%.
3. Where an incentive for rent / service charge is applied, the purchaser remains responsible for their rent / service charge account following completion of the purchase.
Voucher Incentive Information
1. The total value of the incentive is capped as a one-off sum which will be made available by way of deduction from monies due at completion or the specified voucher or code – no cash payment will be made by PPHA to a purchaser.
2. The voucher will be supplied within 75 days of completion of the purchase.
3. Where a physical voucher or card is provided, if the value is £500 or over, a signature will be required upon receipt, the address of the purchased property will be used for tracked delivery. Once a signature is provided the voucher is confirmed as delivered and PPHA will take no responsibility for claims of loss or non-delivery. Purchasers are responsible for locating vouchers where they have not signed directly themselves.
4. Where an E-Voucher or code is issued, the email address of the 1st purchaser will be used unless requested otherwise.
5. Multiple vouchers, cards or codes may be supplied if limits are in place.
6. Further terms and conditions may be in place from the voucher or service provider, it is the purchaser’s responsibility to satisfy themselves of any terms applicable.
7. It is the responsibility of the purchaser to check and adhere to any usage instructions or exclusions which may be in place with the voucher or service provider.
8. It is the responsibility of the purchaser to observe any validity timescales or expiry dates.