sold out
- Overview
- Investment Highlights
- Specification
- Location Map
- Floor Plans
- The Developer
- FAQ's
- Purchasing Guidelines
- Project Due Diligence
- Market Due Diligence
- Phase 1 Availabilty
- Video Overview
Property Details
Magna Vita is an exclusive, stunning collection of 91 modern and contemporary apartments in London. Magna Vita combines luxury, contemporary architecture, with high-end, elegant living spaces, only a short commute to central London and Gatwick Airport by road and rail – 34 mins by rail to London Waterloo and 39 mins by rail to Gatwick Airport. It really is the perfect combination of peaceful, suburban living and fast, convenient commuter access for the modern homeowner.
As well as being a stunning suburban development with excellent commuter options for fast access into the centre of London, Magna Vita offers fantastic investor returns too.
Invest in this exclusive collection of studio, 1 & 2 bedroom apartments from £206,000 and earn 6% NET yield assured for 2 years. The Developer will also pay for the property service charges and ground rent for the first 2 years.
Magna Vita really is the perfect UK property investment combining luxury, location, value and investment growth.
Features and Unique Attributes
- 6% NET yield assured for 2 years
- Short commute by road and rail to centre of London and Gatwick Airport
- Proven UK Property Developer - specialising in luxury property builds
- Service charges and ground rent paid by Developer for 1st 2 years
- High-performing local property market – prices in Surrey increased by 40% from 2012-2017 (Rightmove.com)
- Completion Date – Q1 2019
- Stunning collection of 91 modern & elegant apartments
- Peaceful, luxurious suburban living at its best
6% NET YIELD ASSURED FOR 2 YEARS
As well as being a stunning suburban development with excellent commuter options for fast access into the centre of London, Magna Vita offers fantastic investor returns too.
Invest in this exclusive collection of studio, 1 & 2 bedroom apartments from £206,000 and earn 6% NET yield assured for 2 years. The Developer will also pay for the property service charges and ground rent for the first 2 years.
Magna Vita really is the perfect UK property investment combining luxury, location, value and investment growth
INVESTMENT HIGHLIGHTS
- 6% NET yield assured for 2 years
- Short commute by road and rail
- to centre of London and Gatwick Airport
- Proven UK Property Developer - specialising in luxury property builds
- Service charges and ground rent paid by Developer for 1st 2 years
- High-performing local property market – prices in Surrey increased by 40% from 2012-2017 (Rightmove.com)
- Completion Date – Q1 2019
- Stunning collection of 91 modern & elegant apartments
- Peaceful, luxurious suburban living at its best
EXAMPLE INVESTMENT RETURNS SCENARIO
| PURCHASING COSTS | |
|---|---|
| Purchase Price | £252.000 |
| Reservation Deposit | £5,000.00 |
| 30% Exchange of Contracts Deposit less reservation deposit | £70,600.00 |
| 70% due at completion | £176,400.00 |
| Stamp Duty* | £2,600.00 |
| Legal Fees** | £714.00 |
| Service charge (£900 p.a.)*** | £0.00 |
| Ground Rent (£200 p.a.)*** | £0.00 |
| Total Purchase Costs | £255,314.00 |
| *(Calculation from https://www.gov.uk/stamp-duty-land-tax/residential-property-rates) **Developers will pay 1,000 only of the fee for the Purchaser if the Purchaser exchanges within 21days of sending the complete Reservation Bundle to Developer & their solicitors *** Service charge & ground rent is covered by Developer for years 1&2 |
|
| 5 Year Investment Scenario | |
|---|---|
| Purchase Price | £252,000.00 |
| 6% Net yield assured for 2 years | £30,240.00 |
| Gross Rental Income (Years 3-5) | £39,240.00 |
| Service Charge (Years 3-5) | £2,700.00 |
| Ground Rent (Years 3-5) | £600.00 |
| Rental NET Income over 5 years | £66,180.00 |
| 40% Uplift on Purchase Price* | £118,339.00 |
| ROI% over 5 years | 73.22% |
| Annualised Net ROI | 14.64% |
| *Capital Growth based figures from 'www.rightmove.com' Property prices in Surrey increased by 40.02% Apr 2012-Apr 2017 (8.004%P.A.) | |
STYLISH SPECIFICATION
KITCHEN
- Integrated appliances
- Neff Electric single oven
- Neff Electric hob
- Under counter fridge with ice box (see 1 and 2 bed)
- Recirculation extractor hob
- Bowl and a half stainless steel sink with chrome mixer tap
- Custom design rigid kitchen unit furniture with Silestone quartz composite worktops and matching up stands
- Larder style fridge and freezer
- Integrated dishwasher
- Wine cooler
1 and 2 bed apartments:
BATHROOM / SHOWER ROOM
- WC with soft closing seat and chrome plated dual ?ush button
- Chrome basin mixer tap
- 2 drawer under-sink vanity unit
- Thermostatic ?xed overhead shower head in chrome with separate hand wash
- Full height tiling
- Chrome heated towel rail
- Mirror above sink
- Generous showers and rectangular baths to a selection of apartments
- Shaver socket
APARTMENT INTERIORS
- Double glazed windows
- Fitted wardrobes
- Space for a washer/dryer
- Underoor heating system with programable controller
- Ample double sockets, some with USB charging outlets
- Wood effect Flooring to living rooms, tiling to bathrooms and carpeted bedrooms
COMMON FACILITIES
- Entrance foyer with seating area and water feature
- Audio visual entry system
- Electronic key fob access to gated off street car park
- Key fob access to entrance foyer
- Lift access
- Bike stores
- Bringme Box:
A personal post oce, a service desk, an automated concierge, a parcel machine, a locker, a transfer conduit...
Bringme is all of the above, and more.
BY ROAD AND RAIL
Magna Vita offers the opportunity to live in a Surrey village whilst having quick access to many vibrant towns by both road and rail. With its peaceful setting, Magna Vita will be a place that you will look forward to returning to
These luxurious apartments are conveniently located for access to Camberley, Aldershot and Ascot by rail, as well as being in close proximity to Heathrow Airport and Bracknell by Road.
| TRAVEL TIMES | |
|---|---|
| RAIL | |
| Ascot | 20 mins |
| London Waterloo (from Farnborough) | 34 mins |
| Gatwick Airport (from Farnborough) | 39 mins |
| Reading | 1hr 2 mins (1 change) |
| ROAD | |
| Camberley | 7 mins |
| Farnborough TAG Airport | 7 mins |
| Bracknell | 20 mins |
| Guildford | 25mins |
| Kingston upon Thames | 37 mins |
| Heathrow Airport | 53 mins |
| All timings are approximate | |
| Sources: Google Maps & www.tfl.gov.uk | |
- GROUND FLOOR
- FIRST FLOOR
- SECOND FLOOR
- THIRD FLOOR
GROUND FLOOR
The ground floor benefits from lift access, a spacious lobby area and convenient cycle storage facilities.
| TYPE | Apt. Number | |
|---|---|---|
| STUDIO | A | 1, 2 |
| Studio | 12'11" x 20'5" | 3.9m x 6.2m |
| STUDIO | B | 6, 7 |
| Studio | 12'11" x 20'8" | 3.9m x 6.3m |
| STUDIO | B | 21, 22 |
| Studio | 11'9" x 21'11" | 3.6m x 6.7m |
| 1 BED | C | 3 |
| Kitchen /Living | 8'10" x 19'4" | 2.7m x 5.9m |
| Bedroom | 8'10" x 18'2" | 2.7m x 5.5m |
| 1 BED | C | 4,5 |
| Kitchen /Living | 8'10" x 20'8" | 2.7m x 6.3m |
| Bedroom | 8'10" x 18'2" | 2.7m x 5.5m |
| 1 BED | C | 8, 9, 10, 11, 12 |
| Kitchen /Living | 9'6" x 21'6" | 2.9m x 6.5m |
| Bedroom | 8'10" x 13'11" | 2.7m x 4.2m |
| 1 BED | C | 18 |
| Kitchen /Living | 9'6" x 25'3" | 2.9m x 7.7m |
| Bedroom | 8'10" x 13' | 2.7m x 4.1m |
| 1 BED | D | 19 |
| Kitchen /Living | 15'1" x 27'7" | 4.6m x 8.4m |
| Bedroom | 8'10" x 20'1" | 2.7m x 6.1m |
| 1 BED | E | 23 |
| Kitchen /Living | 14'9" x 21'11" | 4.5m x 6.7m |
| Bedroom | 8'10" x 14'9" | 2.7m x 4.5m |
| 2 BED | F | 13 |
| Kitchen /Living | 16'9" x 17'1" | 5.1m x 5.2m |
| Bedroom 1 | 8'10" x 14'9" | 2.7m x 4.5m |
| Bedroom 2 | 8'10" x 12'11" | 2.7m x 3.9m |
| 2 BED | G | 14, 15, 16, 17 |
| Kitchen /Living | 20'11" x 21'6" | 6.4m x 6.5m |
| Bedroom 1 | 8'10" x 12'11" | 2.7m x 3.9m |
| Bedroom 2 | 8'10" x 12'11" | 2.7m x 3.9m |
| 2 BED | H | 20 |
| Kitchen /Living | 27'7" x 13'2" | 8.4m x 4m |
| Bedroom 1 | 8'10" x 11'9" | 2.7m x 3.6m |
| Bedroom 2 | 11'2" x 20'1" | 3.4m x 6.1m |
FIRST FLOOR
The first floor benefits from lift access, a spacious lobby area and convenient cycle storage facilities
| TYPE | Apt. Number | |
|---|---|---|
| STUDIO | A | 24, 25 |
| Studio | 12'11" x 20'5" | 3.9m x 6.2m |
| STUDIO | A | 46, 47 |
| Studio | 11'9" x 21'6" | 3.6m x 6.5m |
| STUDIO | B | 42 |
| Studio | 12'5" x 26'11" | 3.8m x 8.2m |
| STUDIO | B | 44, 45 |
| Studio | 11'9" x 21'6" | 3.6m x 6.5m |
| 1 BED | C | 26 |
| Kitchen /Living | 8'10" x 19'4" | 2.7m x 5.9m |
| Bedroom | 8'10" x 17'8 | 2.7m x 5.4m |
| 1 BED | C | 27, 28 |
| Kitchen /Living | 8'10" x 20'8" | 2.7m x 6.3m |
| Bedroom | 8'10" x 17'8" | 2.7m x 5.4m |
| 1 BED | C | 29 |
| Kitchen /Living | 9'10" x 20'8" | 3m x 6.3m |
| Bedroom | 8'10" x 17'8" | 2.7m x 5.4m |
| 1 BED | C | 30, 31, 32, 33 |
| Kitchen /Living | 9'6" x 21'6 | 2.9m x 6.5m |
| Bedroom | 8'10" x 13'11" | 2.7m x 4.2m |
| 1 BED | C | 41 |
| Kitchen /Living | 9'6" x 21'6 | 2.9m x 6.5m |
| Bedroom | 8'10" x 13'11" | 2.7m x 4.2m |
| 2 BED | F | 36 |
| Kitchen /Living | 17'4" x 16' | 5.3m x 4.9m |
| Bedroom 1 | 8'10" x 14'9" | 2.7m x 4.5m |
| Bedroom 2 | 8'10" x 13'2" | 2.7m x 4m |
| 2 BED | G | 34, 35, 37, 38, 39, 40 |
| Kitchen /Living | 21'6" x 21'6" | 6.5m x 6.5m |
| Bedroom 1 | 8'10" x 13'2" | 2.7m x 4m |
| Bedroom 2 | 8'10" x 13'2" | 2.7m x 4m |
| 2 BED | H | 43 |
| Kitchen /Living | 13'2" x 26'11 | 4m x 8.2m |
| Bedroom 1 | 8'10" x 11'6" | 2.7m x 3.5m |
| Bedroom 2 | 11'2" x 19'4" | 3.4m x 5.9m |
SECOND FLOOR
The second floor benefits from lift access, a spacious lobby area and convenient cycle storage facilities
| TYPE | Apt. Number | |
|---|---|---|
| STUDIO | A | 48, 49 |
| Studio | 12'11" x 20'5" | 3.9m x 6.2m |
| STUDIO | A | 70, 71 |
| Studio | 11'9" x 21'6" | 3.6m x 6.5m |
| STUDIO | B | 68, 69 |
| Studio | 11'9" x 21'6" | 3.6m x 6.5m |
| 1 BED | C | 50, 51, 52 |
| Kitchen /Living | 8'10" x 19'4" | 2.7m x 5.9m |
| Bedroom | 8'10" x 17'8 | 2.7m x 5.4m |
| 1 BED | C | 54, 55, 56, 57 |
| Kitchen /Living | 9'6" x 21'6" | 2.9m x 6.5m |
| Bedroom | 8'10" x 13'11" | 2.7m x 4.2m |
| 1 BED | C | 65 |
| Kitchen /Living | 9'6" x 21'6" | 2.9m x 6.5m |
| Bedroom | 8'10" x 13'11" | 2.7m x 4.2m |
| 1 BED | D | 66 |
| Kitchen /Living | 13'11" x 19'4" | 4.2m x 5.9m |
| Bedroom | 9'6" x 10'10" | 2.9m x 3.3m |
| 2 BED | F | 60 |
| Kitchen /Living | 17'1" x 16' | 5.2m x 4.9m |
| Bedroom 1 | 8'10" x 12'11" | 2.7m x 3.9m |
| Bedroom 2 | 8'10" x 14'9" | 2.7m x 4.5m |
| 2 BED | G | 58, 59 |
| Kitchen /Living | 21'6" x 21'6" | 6.5m x 6.5m |
| Bedroom 1 | 8'10" x 13'2" | 2.7m x 4m |
| Bedroom 2 | 8'10" x 13'2" | 2.7m x 4m |
| 2 BED | G | 61, 62, 63, 64 |
| Kitchen /Living | 21'6" x 21'6" | 6.5m x 6.5m |
| Bedroom 1 | 8'10" x 12'11" | 2.7m x 3.9m |
| Bedroom 2 | 8'10" x 12'11" | 2.7m x 3.9m |
| 2 BED | H | 53 |
| Kitchen /Living | 14'9" x 22'11" | 4.5m x 7m |
| Bedroom 1 | 8'10" x 19'4" | 2.7m x 5.9m |
| Bedroom 2 | 8'10" x 11'9" | 2.7m x 3.6m |
| 2 BED | H | 67 |
| Kitchen /Living | 13'2" x 27'2" | 4m x 8.3m |
| Bedroom 1 | 8'10" x 11'6" | 2.7m x 3.5m |
| Bedroom 2 | 11'2" x 19'4" | 3.4m x 5.9m |
THIRD FLOOR
The third floor benefits from lift access, a spacious lobby area and convenient cycle storage facilities
| TYPE | Apt. Number | |
|---|---|---|
| STUDIO | A | 72 |
| Studio | 12'5" x 26'8" | 3.8m x 8.1m |
| STUDIO | A | 73 |
| Studio | 12'5" x 25'7" | 3.8m x 7.8m |
| 1 BED | C | 74, 75 |
| Kitchen /Living | 8'10" x 25'7" | 2.7m x 7.8m |
| Bedroom | 8'10" x 16'9" | 2.7m x 5.1m |
| 1 BED | C | 77 |
| Kitchen /Living | 8'10" x 20'1" | 2.7m x 6.1m |
| Bedroom | 8'10" x 12'5" | 2.7m x 3.8m |
| 1 BED | C | 78, 79, 80 |
| Kitchen /Living | 9'6" x 20'1" | 2.9m x 6.1m |
| Bedroom | 8'10" x 12'5" | 2.7m x 3.8m |
| 1 BED | C | 88 |
| Kitchen /Living | 8'10" x 19'9" | 2.7m x 6m |
| Bedroom | 8'10" x 12'2" | 2.7m x 3.7m |
| 2 BED | F | 83 |
| Kitchen /Living | 16' x 14'9" | 4.9m x 4.5m |
| Bedroom 1 | 8'10" x 123'11" | 2.7m x 4.2m |
| Bedroom 2 | 9'6" x 11'9" | 2.9m x 3.6m |
| 2 BED | G | 81, 82 |
| Kitchen /Living | 20'11" x 20'1" | 6.4m x 6.1m |
| Bedroom 1 | 8'10" x 12'2" | 2.7m x 3.7m |
| Bedroom 2 | 8'10" x 12'2" | 2.7m x 3.7m |
| 2 BED | G | 84, 85, 86, 87 |
| Kitchen /Living | 19'9" x 21'6" | 6m x 6.5m |
| Bedroom 1 | 8'10" x 11'9" | 2.7m x 3.9m |
| Bedroom 2 | 8'10" x 11'9" | 2.7m x 3.6m |
| 2 BED | H | 90, 91 |
| Kitchen /Living | 12'112" x 25'11" | 3.9m x 7.9m |
| Bedroom 1 | 8'10" x 10'10" | 2.7m x 3.3m |
| Bedroom 2 | 11'2" x 19'1" | 3.4m x 5.98m |
| 2 BED | K | 76 |
| Kitchen /Living | 15' x 25'7" | 4.6m x 7.8m |
| Bedroom 1 | 11'2" x 12'2" | 3.4m x 3.7m |
| Bedroom 2 | 11'2" x 12'2" | 3.4m x 3.7m |
| 2 BED | K | 89 |
| Kitchen /Living | 25'11" x 26'8" | 7.9m x 8.1m |
| Bedroom 1 | 9'6" x 12'11" | 2.9m x 3.9m |
| Bedroom 2 | 10'7" x 12'11 | 3.2m x 3.9m |
WELCOME TO MAGNA GROUP
INTRODUCTION
Established in 2014 Magna Group was set up primarily as a residential developer with a focus on maximising asset value by correct asset purchase and then adding value through working the planning process, mix of units, specification and understanding the local market
Magna established itself in the market place throughout 2015/2016 in the West London commuter belt and now looks for further expansion into a wider geographic reach within its growth plan. The company has formed strategic partnerships with both the central Government and Local Councils, specifically the Borough of Woking with whom we have a strategic PRS Joint Venture
Magna's strategic relationships and proven asset purchases have enabled the relatively fast paced growth throughout 2016 and we now seek further partnerships to deliver the growing pipeline and take advantage of the opportunities we are coming across in the market place currently
Primarily Magna took advantage of the Permitted Development angle in the first few projects but is now also exploring mixed use development, PRS/Build to Rent and town centre redevelopment schemes as the pipeline expands and the business gains more traction.
The longer term vision for the business has always been clear from day one, a developer delivering a high quality product, satisfying the market demand for the housing shortage and creating iconic buildings. With the longer term vision to branch out into luxury hotels and mixed use developments with the aim for global developments in key strategic cities
MAGNA IN 30 SECONDS
- Specialities – creating luxury homes for the starter housing market, maximising asset value, strategic design, clear vision of real estate landscape
- Development areas – Greater London commuter belt
- Team – core team of 10 professionals
- Directors – Over 100 years' combined experience in construction, planning, investment, development and project delivery
- Based in Berkeley Square, Mayfair, London W1J 6BD
- Projects completed and secured – £188m GDV
- Current pipeline – £500m GDV +
- Magna in 2 years – £2.5bn GDV
- Values – integrity / safety / profitability / quality / innovation
- Vision – Global Developments, Leader is PRS, Luxury Hotels
- Exit – Partially or entirely IPO Magna Group 5-10 Years plus
- EBITDA – 2018 – 4,001,500
- EBITDA – 2019 – 15,085,700
A BUSINESS BUILT ON VALUES
Our values are at the core of every thing we do.
For our customers this mean luxury, opulence and high quality design. For partners and investors this means integrity, safety, profitability and quality.
INTEGRITY
People are absolutely crucial to the Magna way of working. Our team culture is founded on the three pillars of vision, energy and control, ensuring that what we do is well planned, beautifully executed and delivers outstanding results for all of our stakeholders
SAFETY
Our delivery team acts with military precision meaning that projects will be completed on time and well within budget whilst meeting the most stringent health, safety and environmental requirements
PROFITABILITY
Our land and development team leverages their expert local and national knowledge in planning policies and sourcing to find the most valuable land available
QUALITY
Our design team delivers industry-leading bespoke services tailored to deliver intelligent, luxury living spaces
INNOVATION
Magna is committed to bringing together exceptional levels of quality, expertise and total commitment to urban revival using high quality, contemporary and intelligent design
Magna Vita FAQ
Pricelist & Inventory
Available at all times and regularly updated
Leasehold Term
125 Years
No. of Units
91 Units
No. of Floors
Total of 4 floors
Units per floor
Varies on size
Investment Returns
6% NET Yield assured for 2 years
Type of Unit's
Studio / 1 Bedroom / 2 Bedroom
Studio
£160.00
1 bed
£200.00
2 bed
£260.00
Studio
£700.00
1 bed
£900.00
2 bed
£1,100.00
Developer
Magna Group
Completion Date
Quarter 1 2019
Payment Terms
£5,000.00 reservation
30%
Less £5,000.00 reservation fee due at Exchange
70%
Due at Completion
Stamp Duty
Studio
£1,628.00
1 bed
£2,600.00
2 bed
£7,100.00
Legal Fees
£1,595 plus VAT and disbursements per plot with 75% plus VAT payable on exchange and the balance payable on completion. If any Purchaser is obtaining mortgage finance is £400 plus VAT. Developer will pay £1,000 only of the fee for the Purchaser if the Purchaser exchanges within 21 days of sending the complete Reservation Bundle via us to Developer and their solicitors
Warranty Protection
10 Year warranty
Solicitors
For Buyer - Kingfields, UK
For Seller – Herrington Carmichael
Are the properties Mortgageable?
Yes
What is the property's location?
GU16 7ER
Will the ground rents increase?
The ground rents are RPI linked
Are there any additional charges?
No – The Service Charge already also includes building insurance
Magna Vita
Purchasing Guidelines
- The Purchaser completes and signs Reservation Form and Solicitor's Instruction Form in Block Capitals. Purchaser emails these with Colour Certified Proof of ID, Colour Certified Proof of Address and Colour Certified Proof of Funds to Linda Farouk, Client Services Manager – l.farouk@crowngateint.com. This is a full Reservation Bundle.
- Client Services will check and confirm the Documents received and send these on to the Purchaser's Solicitors, Kingfields, and to Magna for information purposes and to officially reserve the Unit.
- Kingfields prepare Exchange Docs and send to Purchaser directly and copy to Client Services. Client Services contacts Purchaser (copying the Agent) sending the relevant signing pages only. The Purchaser signs, dates where necessary and couriers these to Client Services at Crowngate with all original documents from Reservation Bundle. Client Services then arrange for these to be sent to Kingfield's Dubai office.
- As soon as the Purchaser has signed the Exchange paperwork, they must immediately arrange for the full Exchange Funds to be sent to Kingfields.
- Exchange takes place.
What is Proof of ID and Why Do I Need to Provide it?
Proof of ID Certification, based on a Passport
Why do I need to provide a Proof of Identity?
Whether you're a new or existing client, we need to confirm your identity when you purchase a property or unit with us. This is so that we can meet worldwide Money Laundering Regulations to help stop criminals from using financial products or services for their own benefit.
What is a Proof of Identity?
A proof of identity (or Proof of ID) is an official document which shows your personal details and includes a recent colour photograph of you.
Why do I need to have my Proof of Identity certified?
Having your Proof of Identity certified by a qualified certifier means that your Purchase can be easily transacted as your Proof of Identity can be used by your Solicitor as part of their Anti Money Laundering Procedure.
What can I use as my Proof of Identity?
We recommend your current Passport, current photo Driving License or current photo identity card.
What can I use as my Proof of Identity?
- Purchaser's Full Name
- Purchaser's recent photograph
- Must not be out of date
- Must be a clear Colour copy
- All written details on the copy MUST BE clear and legible
- Each Purchaser must provide their own Proof of Identity
Example
Mr John Adam Smith
What wording your certifier must put on the Proof of Identity?
- I HEREBY CERTIFY THAT THE PASSPORT IS A TRUE COPY OF THE ORIGINAL PRODCUED TO ME AND THE PHOTOGRAPH IS A TRUE LIKENESS OF THE PASSPORT HOLDER I HEREBY CERTIFY THAT THIS IS A TRUE COPY OF THE DOCUMENT PRODUCED TO ME
- CERTIFIER'S NAME
- DATE
- CERTIFIYER'S QUALIFICATION
- COMPANY STAMP
STAMP OF CERTIFYING SOLICITOR
Please note that your certifier can substitute the word Passport in the above wording to be in line with the ID document you are producing to them. Please further note that the original ID produced for certifying MUST BE present for your proof of identification to be accepted. Without this the proof will be returned to you and will inevitably cause delays to your transaction.
For any further queries or guidance, please contact Linda Farouk, Client Services Manager on l.farouk@crowngateint.com
Proof of Address Certification
Why do I need to provide a Proof of Address?
Whether you're a new or existing client, we need to confirm your identity when you purchase a property or unit with us. This is so that we can meet worldwide Money Laundering Regulations to help stop criminals from using financial products or services for their own benefit.
What is a Proof of Address?
A proof of address is an official document from a government agency or some selected financial institutions, landlord or educational bodies that shows your name and your current address, issued within the last three months. This document must have been sent in the post to you and received at that address for it to be a valid proof that you live there.
Why do I need to have my Proof of Address certified?
Having your proof of Address certified by a qualified certifier means that your Purchase can be easily transacted as your Proof of Address can be used by your Solicitor as part of their Anti Money Laundering Procedure.
What your Proof of Address must include
- Purchaser's Full Name
- Purchaser's Full Residential Address
- Must be from a professional company
- Must be dated within the last 3 months
- Must be a clear Colour copy
- All written details on the copy MUST BE clear and legible
- Each Purchaser must provide their own Proof of Identity
Example
Mr John Adam Smith
13 Hillside View, 1235, Dubai, UAE
Doctor's Letter, Bank Statement
utility bill
What wording your certifier must put on the Proof of Identity?
- I HEREBY CERTIFY THAT THIS IS A TRUE COPY OF THE DOCUMENT PRODUCED TO ME
- CERTIFIER'S NAME
- DATE
- CERTIFIYER'S QUALIFICATION
- COMPANY STAMP
STAMP OF CERTIFYING SOLICITOR
Please note that all the original documents produced for certifying MUST BE present for your proof of address to be accepted. Without this the proof will be returned to you and will inevitably cause delays to your transaction.
For any further queries or guidance, please contact Linda Farouk, Client Services Manager on l.farouk@crowngateint.com
What is Proof of Funds and Why Do I Need to Provide it?
Why do I need to provide a Proof of Funds?
Your Solicitor needs to check where your funds have come from. Whether you're a new or existing client, we need to confirm these details so that we can meet worldwide Money Laundering Regulations to help stop criminals from using financial products or services for their own benefit. Money Laundering Regulations are now in place in nearly every country in the world. This in no way reflects on you as an individual but is actually for your protection.
What is a Proof of Funds?
An original or certified copy Bank Statement is the most common Proof of Funds as this clearly shows where your monies have come from. For example, you wish to purchase a property which costs £1,000,000.00. You have some Bonds you are selling and a property that you have already sold to make up that amount. When the full amount is shown in your Bank Account, your Solicitor can see that the sale of the property funds are for £800,000.00 and your sale of Bonds are shown for £25,000.00. This covers the total amount of the purchase price of the property and clearly shows your solicitor where the funds have come from.
Why do I need to have my Proof of Funds certified?
Having your Proof of Funds certified by a qualified certifier means that your Purchase can be easily transacted as your Proof of Funds can be used by your Solicitor as part of their Anti Money Laundering Procedure and you then do not have to send the Solicitor your original Proof of Funds.
What can I use as my Proof of Funds?
Recent Bank Statement
Recent Proof of Sale of Property Information
Recent Proof of Sale of Bonds etc. Information
What your Proof of Funds must include
- Purchaser's Full Name
- Clearly show where funds have come from
- Clearly show the full amount of funds needed
- Must be a clear Colour copy and all details on the copy MUST BE clear and legible
- Each Purchaser must provide their own Proof of Funds
Example
Mr John Adam Smith
What wording your certifier must put on the Proof of Funds?
- I HEREBY CERTIFY THAT THIS IS A TRUE COPY OF THE DOCUMENT PRODUCED TO ME
- CERTIFIER'S NAME
- DATE
- CERTIFIYER'S QUALIFICATION
- COMPANY STAMP
STAMP OF CERTIFYING SOLICITOR
Please note that the original Proof of Funds produced for certifying MUST BE present for your Proof of Funds to be accepted. Without this the Proof will be returned to you and will inevitably cause delays to your transaction.
For any further queries or guidance, please contact Linda Farouk, Client Services Manager on l.farouk@crowngateint.com
House of Commons Library Tackling the under supply of housing in England
Read More Please Click Here!
Department for Communities and Local Government Fixing our broken housing market
Read More Please Click Here!
The Government Northern Powerhouse Initiative
Magna Vita Inventory
| Unit Type | Plot No. | Level | NIA sqft | NIA sqm | Parking | Magna Pricing |
|---|---|---|---|---|---|---|
| 1 Bed Flat | 9 | Ground floor | 431 | 40 | 1 | 252,000 |
| 1 Bed Flat | 10 | Ground floor | 431 | 40 | 1 | 252,000 |
| 2 Bed Flat | 17 | Ground floor | 646 | 60 | 1 | 348,000 |
| 2 Bed Flat | 20 | Ground floor | 710 | 66 | 1 | 348,000 |
| 1 Bed Flat | 32 | 1st Floor | 431 | 40 | 1 | 252,000 |
| 1 Bed Flat | 33 | 1st Floor | 431 | 40 | 1 | 252,000 |
| 2 Bed Flat | 37 | 1st Floor | 646 | 60 | 1 | 342,000 |
| 2 Bed Flat | 38 | 1st Floor | 646 | 60 | 1 | 342,000 |
| Studio | 42 | 1st Floor | 420 | 39 | 1 | 234,000 |
| Studio | 45 | 1st Floor | 355 | 33 | 0 | 206,400 |
| Studio | 46 | 1st Floor | 355 | 33 | 1 | 213,000 |
| Studio | 47 | 1st Floor | 366 | 34 | 0 | 210,000 |
Request more information for Magna Vita
Currency Converter
