FOR SALE: Apartment / Condo / Townhouse

Sample Computation for Lancaster Villages
Alice HOUSE MODEL

CASH PAYMENT SCHEME
(INNER LOT)

(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)

PRICE STARTS AT PHP 830,000.00 AND UP

Typical Selling Price	Php 830,000.00
Less: Reservation Fee	Php 7,500.00
Selling Price Net of Reservation Fee	Php 822,500.00
10% Discount within 7 days from the date of reservation	Php 740,250.00
9.5% Discount within 8 to 30 days from the date of reservation	Php 744,362.50
9% Discount within 31 to 60 days from the date of reservation	Php 748,475.00
8.5% Discount within 61 to 90 days from the date of reservation	Php 752,587.50

BANK FINANCING SCHEME
(INNER LOT)

PRICE STARTS AT PHP 850,000.00 AND UP

Selling Price	Php 850,000.00
Processing Fee	Php 68,000.00
Total Contract Price	Php 918,000.00
Reservation Fee	Php 7,500
Net Equity	Php 107,250.00
Total Down Payment	Php 114,750.00
Down Payment - Payable within 15 mos.	Php 7,150.00
Loan Amount	Php 803,250.00
Monthly Amortization (including MRI&FIRE)
10 years to pay with 10% interest	Php 11,382.81
15 years to pay with 10% interest	Php 9,399.56
20 years to pay with 10% interest	Php 8,519.34

IN-HOUSE FINANCING SCHEME
(INNER LOT)

PRICE STARTS AT PHP 850,000.00 AND UP

Seling Price	Php 850,000.00
Processing Fee	Php 38,250.00
Total Contract Price	Php 888,250.00
Balance Loan Amount	Php 621,775.00
Total Downpayment	Php 266,475.00
Reservation Fee	Php 7,500.00
Net Equity	Php 258,975.00
Down Payment - Payable within 24 mos.	Php 10,790.63
Monthly Amortization
10 years / 21%	Php 12,747.10
5 years / 18 %	Php 16,104.84

Selling Price – This is the value or price of the house.
Processing fee - It covers payment for Title transfer cost, Blue print of the houseplans (one set), Administrative and documentary expences.
Total Contract or Package Price – The Selling Price of the house plus the processing fee.
Reservation - This is the first step on purchasing a unit. The reservation is depend on the house model you would like to purchase. It is not refundable but it is a part of the downpayment.
Downpayment -The monthly downpayment will start when you reserved the unit. If you reserved from 6th - 20th of the month the monthly downpayment will start on 20th of the next month. If you reserved the unit from 21st - 5th of the month the monthly downpayment will start on 5th of the next month. The buyer need to submit PDC (Post dated Check) for the payment of downpayment. The number of PDC's is based on the terms of downpayment.
In-house Financing – The loanable amount will be loan to the Developer.
Bank Financing– The loanable amount will be loan to our affliate bank like BDO, UCPB and Metrobank.
Monthly Amortization - The monthly amortization will start right after the full payment of downpayment.
1. For In-house financing - Need to submit 36 pcs of Post Dated Check (PDC's) for the 3 years payment of amortization
2. For BDO Bank financing - The amortization payment is thru Auto-Debit on savings account or submit post dated check to the bank.
3. For UCPB and Metrobank - The amortization will be discuss by the bank to the buyer.
Loan Application - The Developer will process the loan. The buyer only need to submit the requirements needed in bank loan application with in 60 days after the reservation. The appraisal of the unit is already pre-approved by our affliate bank. The application of housing loan will start after the 60% of the house construction.
Required Documents-
1. 3 pcs. ID picture 1x1
2. 2 Valid ID's (if married husband and wife )
3. Cedula (if married husband and wife )
4. Birth Certificate or Marriage Contract
5. Proof of Billing Address or Certification from Owner if Renting
6. TIN
7. Postdated Check
  1. For bank Financing- need to submit 12 check for the downpayment
  2. For inhouse financing - need to submit 65 pcs check for 5 years amortization or 70pcs check for 10 years amortization
    1. 24 pcs for downpayment
    2. 36 pcs for amortization
    3. 4 pcs for 5 years amortization or 9 pcs for 10 years amortization
    4. 1 pc for guarantee check
Additional requirements for OFW or Seaman
1. Passport
2. 7 copies of SPA (Special Power of Attorney) forms to be provided by the developer. It must be signed by the buyer. The 3 copies of it must be duly consularized in place of work (consularization is the act of authenticating any legal document by the consul o ffice or the embassy, by the consul signing and affixing a red ribbon to the document).It must be submitted original to the developer .
3. 1 pc. 2 x 2 ID picture of atty-in-fact
4. Valid ID's of atty-in-fact.
House turn-over or move-in –
1. For Pre Sale unit- The house move-in or turn over is 1-3 months after the house completion. The house completion based on the terms of downpayment.
2. For Ready for Occupancy Unit - The house move-in or turn over is 1-3 months after the full payment of the downpayment.
House Construction-
1. Pre sale unit - Construction of the house will start during the last quarter of the downpayment. Strictly all new house model of Lancaster Estate like Alexandra, Gabrielle, Margaret, Sophie, Diana and Alice is a pre sale unit.
2. Ready for occupancy Unit (RFO) – The house is already constructed and subject upon availability of house model so the unit must reserve immediately.
House Improvement- Buyer can only start house improvement like installing floor tiles, changing wall paint, build cabinet and fencing gate after the turned-over of the unit and must get outside contractor to do the improvement. The buyer required to submit the request for improvement with the sketch plan for the improvement and must payeed a refundable bonding fee estimated amount of Php 5,500 - 10,500.00 depending on housing project choosen. This Bond will pay for any damages (should there be any) during construction of improvement period. Bond will be refunded if there is no damage done during construction.
Owner /Unit Transfer - Buyer can transfer reservation or payments to another person or unit. Just pay Php3,000.00 as transfer fee and submit a letter of request to trasfer a unit/owner to the developer . All payments made will be duly credited in the new owner/choosen unit, if there is no penalty in the old owner/unit.

Php 850,000 / USD 19,767 40 sqm. FOR SALE: Apartment / Condo / Townhouse - Cavite > Imus

Sample Computation for Lancaster Villages Alice HOUSE MODEL

CASH PAYMENT SCHEME (INNER LOT)

(Legal & Miscellaneous Fees and Reservation Fee not included in the computation of the discount)

PRICE STARTS AT PHP 830,000.00 AND UP

BANK FINANCING SCHEME (INNER LOT)

PRICE STARTS AT PHP 850,000.00 AND UP

Monthly Amortization

(including MRI&FIRE)

IN-HOUSE FINANCING SCHEME (INNER LOT)

PRICE STARTS AT PHP 850,000.00 AND UP

Monthly Amortization

Php 850,000 / USD 19,767
40 sqm.
FOR SALE: Apartment / Condo / Townhouse - Cavite > Imus

Sample Computation for Lancaster Villages
Alice HOUSE MODEL

CASH PAYMENT SCHEME
(INNER LOT)

BANK FINANCING SCHEME
(INNER LOT)

IN-HOUSE FINANCING SCHEME
(INNER LOT)