Legal information

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Access by you of our website is confirmation that you have understood and agreed to be bound by all these terms and conditions.

Our website is prepared and issued in the United Kingdom and is intended for the information of United Kingdom residents only. Our website is for information purposes only and its content is subject to change without notice. Nothing on our website shall be deemed constitute financial advice and, in the event, you wish to have any such advice you should contact an independent financial advisor

 

Disclaimer

Whilst we use all reasonable efforts to ensure that the information published on our website is accurate, up to date and complete at the time of publication, no representations or warranties are made either expressly or implied, as to the accuracy, currency or completeness or such information. We cannot accept responsibility (except to the extent permitted by law) for any loss arising directly or indirectly from the use of, or any action taken in reliance upon, any information appearing on our website or any other website to which it may be linked. We make no warranty that our website is free from errors, defects or viruses.

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We reserve the right to alter modify add or delete provisions of this privacy policy at any time. Any changes to this policy will be shown here and we recommend that you check this policy from time to time.

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Please read these conditions carefully before placing an order with Koya Properties Limited. By placing an order with Koya Properties Limited, you signify your agreement to be bound by these conditions.

 

Client's Responsibilities

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Koya Properties Limited allow right of cancellation of 14 days for the investor to complete their own due diligence on any deal they purchase from Koya Properties Limited.

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 This time periods commences from the date of signing the agreement. We highly recommend you instruct an independent viewing of the property and satisfy yourself that there is sufficient demand in the area for rental properties.

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It is the client’s responsibility to ensure they have the ability to obtain the finance to purchase the property.

It is the client’s responsibility to ensure they are happy with the deal provided within the time given to request a refund.

It is the client’s responsibility to provide all the requested documentation with 24 hours of reserving the deal and paying the fee.

Documentation must be provided verified as true and factual by an approved professional.

All fees must be paid by the investor purchasing the deal. No third-party payments are accepted. We will reject these if they occur.

All fees must be paid with cleared funds upon reservation.

The client agrees not to disclose any business dealings, property details, or conversations between themselves and Koya Properties Limited on any public forum including social media, internet or forums.

The Client has agreed to conduct all business through Koya Properties Limited in relation to the disclosed properties. If the buyer makes any attempt to deal directly with the vendor or estate agents, they agree to compensate Koya Properties Limited to the sum of £2500 for their work in finding, researching and securing the said properties.

The client acknowledges that the achievable rental income is an estimation only after taking advice from a letting agent and comparing to other properties in the area. The rental income is not a guaranteed income and should not be treated as such.

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Clients Declaration

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I THE CLIENT HAVE TAKEN INDEPENDENT MORTGAGE ADVISE AND UNDERSTAND THAT SHOULD I BE DECLINED A MORTGAGE FOR ANY REASON, KOYA PROPERTIES LIMITED WILL NOT REFUND THE FEE. KOYA PROPERTIES LIMITED WILL RETAIN THE FEE AND PROVIDE YOU A REPLACEMENT PROPERTY WHEN YOU ARE ELIGIBLE FOR A MORTGAGE. I CONFIRM I HAVE SPOKEN WITH A MORTGAGE BROKER AND AM CONFIDENT IN APPROVAL OF A MORTGAGE

 

Koya Properties Limited Responsibilities

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Koya Properties Limited or approved partner has viewed and carried out a full property inspection

Koya Properties Limited or an approved partner has carried out sufficient due diligence on the property and area to satisfy themselves that the deal is a viable option.

Koya Properties Limited will allow the investor a time period of 14 days to carry out their own due diligence on the property and area. We highly recommend you view the property in this time period. NO REFUND REQUESTS ACCEPTED AFTER 14 DAYS.

Koya Properties Limited will upon request issue a refund of the finder’s fee less a booking fee of £195 within 28 days of original payment date. Refund requests must be made in writing within 14 days of signing this agreement. Refund procedures set out below.

Koya Properties Limited will only refund to the account from which the payment was made. We will require proof of this payment and cannot issue any refunds until we have received this. No exceptions.

Koya Properties Limited will keep and store all personal information and documentation securely and in keeping with our obligations under ICO data protection regulations.

Koya Properties Limited will request various documentation from the investor as part of our client due diligence. This is a legal requirement to comply with Anti Money Laundering regulations.

Koya Properties Limited reserve the rights to use a third party approved company to assist with carrying out client due diligence.

Koya Properties Limited reserve the right to refuse to serve any investor they suspect to be acting in a fraudulent manner.

Koya Properties Limited will provide the investor with full disclosure within 24 hours of the fee being paid

Koya Properties Limited will at all times remain a compliant company and observe the rules and regulations set out by the regulatory bodies. A copy of all of our registrations is available on request by emailing info@koyaproperties.co.uk

Koya Properties Limited are not liable for the success of any property income.

Koya Properties Limited do not guarantee any rental income or achievable rent as a guaranteed rent.

Koya Properties Limited do not guarantee any tenants or income from tenants

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Property Details

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Koya Properties Limited will provide you with the following property details once the full finder’s fee has been paid.

Full postal Address

Online agents link if available

Full details of selling agent or property owner

Seller Solicitor details

Full details of any letting agents we have sourced

Viewing inspection form

Any additional pictures and video

Any RICS surveyor report if available

Vendor Details

Local Property management company Details.

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Property Valuations

 

Koya Properties Limited will always negotiate the best possible price when securing a deal. This will be approved and confirmed in writing. We highly recommend that you have a full property valuation and survey carried out.

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Down Valuations – On occasions properties may get down valued at point of survey. This happens for many reasons and cannot be prevented. If this occurs, please understand that this is generally a bricks and mortar valuation. If the property is an up and running HMO property it is unlikely that the surveyor will allow additional margin for conversions, furniture and dressings.

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Note – A down valuation is not a valid reason for a refund and the investor must satisfy themselves within the 14-day refund period that they are confident in the valuation and comfortable with their investment.  See note below in replacement policies.

On the rare occasion that a property is down valued we urge the investor to factor in the costs they would have to incur after completion in converting and furnishing the property. If the investor is unable to complete the purchase due to a down valuation, then Koya Properties Limited will retain the fee and replace the property with a suitable replacement on a like for like basis. i.e., 4 bed HMO for another 4 bed HMO.

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We are unable to refund the finder’s fee if the investor opts to withdraw from a sale due to a down valuation. We will replace the deal with a like for like deal.

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Conversions & Refurbishments

 

Koya Properties Limited are not responsible for any costs incurred in converting or refurbing the property. Koya Properties Limited offer a full hand’s off service should you require this which is facilitated by a third-party company. Any dealings you have with this company are entirely between you (the investor) and the third-party company. We are not responsible for any costs or charges incurred.

We will always give an estimate only for conversion and refurbishments. This is an estimation only and should not be taken as a guarantee that no other work will be required.

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Replacement Properties

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Koya Properties Limited will offer a replacement property in the following circumstances;

If a vendor withdraws from the sale at any time during the purchasing process if after 14 days. If before the 14 days, we will offer you a refund of your full finder’s fee less our administration fee of £195.

A property is down valued more than 10% of the agreed purchase price.

If the vendor decided to withdraw due to issues which arise from a property survey which deem the property uneconomical.

If the property is deemed not mortgageable by the surveyor (we will need to see proof)

If the investor gets declined lending, we will offer a replacement property when they can obtain funding.

 

If Koya Properties Limited opt to provide a replacement property we will do so within 3 months, we will offer you any of the properties we have that match your original purchase before we offer these to our other investors.

 

Refund Policy:

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Our refund policy is as follows:

You have 14 days from signing this document to request a refund. You can do this by emailing info@koyaproperties.co.uk

We will need your proof of payment and we will refund the source account within 28 days of the original payment date.

Any refund request after 14 days from date of signing this agreement will not be accepted in any circumstance.

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Koya Properties Limited will not compensate or cover any costs incurred by the customer for legal fees that are incurred in any circumstance.

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A £195 booking fee is non-refundable in any circumstance and this will be deducted from any refund agreed.

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I THE CLIENT AGREE TO THE REFUND POLICY AND FULLY ACKNOWLEDGE THAT I MUST REQUEST A REFUND IN WRITING WITHIN 14 DAYS OF THE DATE ON THIS AGREEMENT. I ACCEPT THAT A £195 BOOKING FEE APPLIES AND IS NOT REFUNDABLE IN ANY CIRCUMSTANCE.

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I THE CLIENT HAVE READ AND UNDERSTOOD THE ABOVE TERMS AND ACKNOWLEDGE THAT I HAVE 14 DAYS FROM THE DATE OF THIS AGREEMENT TO CARRY OUT MY OWN DUE DILIGENCE ON THE PROPERTY.

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I FURTHER ACKNOWLEDGE THAT ANY REQUEST FOR A REFUND WILL NOT BE ACCEPTED AFTER 14 DAYS OF SIGNING THIS AGREEMENT IN ANY CIRCUMSTANCE AND ACKNOWLEDGE THAT SHOULD A PROPERTY FALL THROUGH AFTER THE 14 DAYS; I WILL BE PROVIDED WITH A REPLACEMENT PROPERTY WITHIN 3 MONTHS.

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I FURTHER ACKNOWLEDGE THAT A £195 BOOKING FEE WILL BE DEDUCTED FROM ANY REFUND THAT IS AGREED WITHIN THE 14 DAY PERIOD.

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Legal Fees:

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 If any party files any action or brings any proceeding against other arising from this agreement or is made as a party to any action or proceeding arising from these terms of business, the prevailing party shall be entitled to recover as an element of their cost to suit and not as damages reasonable attorney’s fees to be fixed by the court, arbitrator or adjudicative authority. The prevailing party shall be the party entitled to recover their cost to suit or arbitration, whether or not entitled to recover costs.

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These terms of business are not set out to stifle you but to offer you and our business protection and offer clarity in our dealings together.

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Non-Disclosure:

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Each Party agrees not to disclose or otherwise reveal to any third Party the identities, addresses, telephone numbers, facsimile numbers, E-mail addresses, telex numbers, bank codes, account numbers, financial reference, or any other entities introduced by either Party to the other without the specific written permission of the introducing Party.

 

Non-Circumvention:

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Each Party agrees not to directly or indirectly contact, deal with transact, or otherwise be involved with any corporation, partnership, proprietorships, trust, individuals, or other entities introduced by either Party without the specific written permission of the introducing Party.

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Copyright:

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 All of the content on this site is the property of ‘Koya Properties limited and is protected by UK and international copyright laws.

 

Company number: 11909673

Anti-Money Laundering Register: XBML00000141789

Data Protection License: ZA528512

Vat Registration Number: 325216039

Insurance Policy Number: HISC9801662

Property Redress Scheme: PRS016581