House and lot no down payment in Cavite Imus Real Estate Philippines

Lancaster Estates is a 800-hectare English countryside-inspired residential community that spans Imus, Kawit and Gen. Trias in progressive Cavite. The development has  different phases designed to cater to the varied tastes and needs of the modern Filipino family.

There are five (5) villages in Lancaster to offer. The Lancaster residences (manors), the Lancaster villages(Colleen and Haven), the Kensington Place( Alice and Diana), Somerset Villages(Sophie and Margaret), and Manchester Villages has Gabrielle and Alexandra.

With the recent opening of Manila Cavite Expressway (CAVITEX), you can now reach Lancaster in 15 minutes from Mall of Asia, and vice versa. Travel time has been cut short giving you more time to spend with family. In Lancaster you can enjoy your vacation without leaving your home, the residents can move in a relaxed space and bond with their families. It has the amenities that include:  a country club, swimming pool, basketball covered court, and a linear park that can be used to set up picnics in your own backyard or can be used as a safe playground for kids. In Lancaster it has an estate chapel, St. Edward’s Integrated School, under the consultancy with the Lasallian School Supervision Office (LASSO), shuttle service for residents to go around the estate and nearby town for minimal expenses, a transport terminal within the state to Lawton that will soon be operational for the convenience of the residents and guests. There will be a commercial complex (wet and dry market, etc.) in the community so you need not leave to get your basic daily needs.

LOCATION MAP:

===DIANA HOUSE MODEL===

Townhouse / FA: 60sq.m / LA:  50 sq.m

Monthly 11,500

House Features

• Three Bedrooms
• Two Toilets and Baths
• Living Area
• Dining Area
• Kitchen Area
• Service/Laundry Area
• Provision for Balcony
• Provision for One-car Garage

Materials & Finish

• Pre-painted long span roofing
• Painted plain cement finish for interior and exterior walls
• Tiled kitchen counter with stainless kitchen sink
• Tiled toilet and bath with complete set of bathroom fixtures(excluding tissue and soap holder)
• Interior and exterior wall paint finish Provision for CATV, Telephone, Air Conditioning Outlet
•  Plain cement finish for ground and second floors.

Nearby Establishments

 Monthly Amortization based on 10% (Prevailing Bank Rates will Apply):

Now is the right time to own/ invest a house and lot in Lancaster Estates

* only 12.5% downpayment w/o interest (payable in 15 months);

* No hidden charges, no balloon payment;

* No overlapping of payment, no move-in fee;

* Price includes transfer of title, VAT processing fee, MRI and fire insurance for BANK-FINANCING;

* NO ITR for OFW, NO salary required;

* NO bank charges, the developer will process the loan.

KINDS OF PAYMENT:

1. BANK FINANCING:

- transfer of title already included.

- down payment is 12.5% of the total contract price to be paid in 15 months without interest, payable to PROFRIENDS.

- the balance will be loaned from our accredited Banks.

- buyer will submit the necessary documents and PROFRIENDS will process your loan.

- after you have paid the full downpayment, monthly amortization will start on the 16th month.

-the MRI and fire insurance are included.

- estimated move in, 16th to 18th month after inspection and acceptance.

** Bank Requirements**

- 3 pcs. 1X1 ID picture                                                                    *** FOR OFWS:

- Marriage contract/ birth certificate                                              - passport photocopy

- 2 pcs. valid ID (husband/wife/SPA)                                            - SPA duly consularized in the place of work

- proof of billing address

- TIN and CEDULA/ good bank credit record

- latest ITR(OFWs exempted)

- 15 post dated cheques, 2 pcs RPT & 1 pc guaranteed cheque.

2. IN-HOUSE FINANCING

- the downpayment is 30% of the total contract price to be paid in 24 monthly installment w/o interest payable to PROFRIENDS.

-  the balance from the total contract price will be financed by the PROFRIENDS.

- buyer will submit necessary documents and PROFRIENDS will process your loan.

- monthly amortization will start on the 25th month.

- years of payment ranges from 5 to 10 years.

- from reservation you have 30 to 45 days period to start your 24 monthly downpayment.

- buyer will shoulder the transfer of title expenses.

- estimated move-in: 16th to 18th month after the payor have settled downpayment, completed necessary documents and inspection, and acceptance.

---- REQUIREMENTS---

1. 3 pcs. 1X1 ID picture

2. 2 pcs. valid ID (husband/wife/SPA)

3. marriage contract/ birth certificate

4. TIN & CEDULA

5. certificate of employment/ job contract

6. 70 pcs. post dated cheques for: downpayment, monthly amortization, real property tax

7. for OFW buyers a photocopied passport and SPA may need not be consularized.

3. Cash Basis

 - pay the reservation fee. the balance is entitled with a discount ranging from 5% to 10% if you pay in full.

4. Cash deferred payment scheme (payable in 24 months w/o interest in 2 yrs.)

- pay the reservation fee

- less the reservation fee from the total contract price and divide the balance for 24 months

- your 24 monthly amortization will start 30 days after paying the reservation fee.

- estimated move-in 16th to 18th month after the inspection and acceptance.

- submit all necessary documents

****REQUIREMENTS***

= 3 PCS. 1x1 ID picture

= 2 valid ID

= marriage contract/ birth certificate

= TIN & CEDULA

= 24 pcs. PDC & 2 RPT cheques.

DISCOUNTS:

Discount is given base on selling price if paid in full cash

* 10% if paid within 7 days after the reservation fee

* 9.5% if paid within 8-30 days after te reservation fee.

FOR 50 % FULL DOWNPAYMENT

* 7.5% if paid within 7 days

* 7% if paid within 30 days

FREQUENT BUYER'S QUESTIONS:

Reservation and Validity

- reservation fee is an amount of money to be deducted from the total downpayment

- nonrefundable, but transferrable (ewx. to another owner such as relatives)

- transfer fee costs 3000 Php

- failure of compliance in payment of the first monthly downpayment after 30 days will forfeit the reservation.

- the transfer is allowed only in the same agent and developer.

- cash, credit cards, personal checks or manager's check are acceptable

- reservation is valid for 30 days, however if a letter of extension is submitted to the developer prior to the 30-day period, the reservation will not be cancelled.

What are the processing fees for?

- administrative and documentary

- real property tax for 1 year

- MRI & fire insurance premium for 1 year

- transfer of title to buyers name (for bank financing)

- blue prints & plans

When will I pay the monthly downpayment?

- 30-45 days after the reservation of the unit

- overlapping of payments is not allowed. pay the DP first before you can start paying the monthly amortization

- for bank financing DP is 15 months while In-house is 24 months, both @ zero interest.

Monthly equity payment

- the first monthly equity for the payment fee is either on the 5th or 20th day of the following month after you have made the reservation.

- in any case you want to change the hit date, you may do so by writing a request to the office of PROFRIENDS.

penalty of delayed payments

- penalty is 1/10th of 1% per day in monthly amortization w/c is compounded daily.

ex: fro 10,000 php = 10 php a day.

transfer of title to buyer's name

 - upon payment of the total contract price & TCT PROFRIENDS shall execute the deed of absolute sale ( bank & inhouse)

- upon payment of TCP the buyer shall shoulder all the necessary expenses in the preparation of contract to sell, deed of absolute sale and other documents.

Use of property

- the property shall be used exclusively for residential purposes.

- PROFRIENDS prohibits the convertion of the property for other purposes even if the ownership has been transferred to the buyer's name. this prohibition is expressed in the terms and conditions of the Master deed.

House turnover

- the buyer will receive a clearance of inspection and repair from the developer confirming that the house is ready for inspection.

- the buyer will  be given 2 months to inspect the unit.

- if the inspection and repair is okay, the buyer will sign the letter of acceptance from the Engineering Office. also, the buyer will have 1 whole rainy season to determine if leak occurs, if so, the developer will make necessary repairs FREE of charge.

House improvements & construction bonds

- house improvement will be done upon turn over of the unit

- the buyer will submit plans/ drawings to the engineering officefor approval to ensure structural integrity.

- a construction bond is required by PROFRIENDS to the buyer if he/she intends to make improvements ( fence, balcony & etc.)

- estimated amunt of bond is from 5,000 php to 10,000 php

water & electricity connections

- the buyer will apply for water & electricity (Meralco) connection

- estimated electricity (meralco) connection is 3,000 php - 3,500 php for deposit and meter, 3-4 weeks time table from the date of application

- estimated water connection fee is 3,800 php (deposit & meter)

- time table is 2-3 weeks after the date of application

Pre-termination fee(inhouse to PAGIBIG)

- if you are under the in-house financng and you wish to transfer your loan under PAGIBIG, PROFRIENDS will charge the buyer a pre-terminated fee of 14% of the total contract price.

- the buyer or SPA  will apply the loan directly to PAGIBIG office

- since the PAGIBIG loan is in process, the buyer still need to pay the monthly amortization base on the in-house computation.

- when the loan is approved and taken out by PAGIBIG  that is the only time that you will pay your monthly amortization to PAGIBIG office.

WE ALSO HAVE OTHER MODEL HOUSES FOR YOU TO CHOOSE FROM:

                       SOPHIE                                                              MARGARET

                       Lot area:     80 sq.m                                                                Lot area:        100 sq.m

                       Floor area:  52 sq.m                                                                Floor area :    72 sq.m

                       Bedroom:    3                                                                           Bedroom:       3

                      Monthly:     15,432.07                                                              Monthly:          18, 830.46

      VIVIENNE                                                                            CATHERINE
                                 

Lot area:         140 sq.m                                                                Lot area:          50 sq.m                                                                                                        

Floor area:       110 sq.m                                                               Floor area:       50 sq.m

Bedroom:          5                                                                          Bedroom:          3

Monthly:             45,474.86                                                           Monthly:            9,344.19

CHARLOTTE                                                                SABINE                                                                                                                                                                                                       

Lot area:        110 sq.m                                                         Lot area:           110 sq.m                                                                                                                

Floor area:      65 sq.m                                                          Floor area:       85 sq.m                                                                                                                           

Bedroom:         3                                                                   Bedroom:               3                                                                                                                                             

Monthly:           24,337.61                                                     Monthly:              30,736.89                                                                                                

** FOR FREE SITE TRIPPING OR FURTHER INQUIRIES PLEASE CONTACT YEKKY RAÑOLA AT NUMBERS: 0943-365-7218 OR 0906-254-4015 OR 0922-307-1190 OR E-MAIL AT greenheart86@yahoo.com **