top of page

Terms & Conditions

Terms and conditions: These are our terms of business, and all investors should satisfy themselves that they have read and fully understood the terms and conditions set out below before signing these.

 

Finder’s Fee: Our finder’s fee is payable on instruction and in full. No exceptions.


Client’s Responsibilities

 

HOUSING ‘R’ US LTD allows 14 days for the investor to complete their own due diligence on any deal they purchase from HOUSING ‘R’ US LTD. This time commences from the date of signing this 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.

 

  • It is the client’s responsibility to ensure they can 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 within 24 hours of reserving the deal and paying the fee.

  • Documentation must be provided and 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 HOUSING ‘R’ US LTD on any public forum including social media, internet, or forums.

  • The client has agreed to conduct all business through HOUSING ‘R’ US LTD 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 HOUSING ‘R’ US LTD to the sum of £2,500 for its 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.

 

I............HAVE TAKEN INDEPENDENT MORTGAGE ADVICE AND UNDERSTAND THAT SHOULD I BE DECLINED A MORTGAGE FOR ANY REASON HOUSING ‘R’ US LTD WILL NOT REFUND THE FEE. HOUSING ‘R’ US LTD WILL RETAIN THE FEE AND PROVIDE YOU WITH 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.

 

SIGNED                                                          

 

NAME                                      

 

DATE

 

 

 

HOUSING ‘R’ US LTD ’s Responsibilities

 

  • HOUSING ‘R’ US LTD or an approved partner has viewed and carried out a full property inspection.

  • HOUSING ‘R’ US LTD or an approved partner has carried out sufficient due diligence on the property and area to satisfy itself that the deal is a viable option.

  • HOUSING ‘R’ US LTD will allow the investor a time 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. NO REFUND REQUESTS ACCEPTED AFTER 14 DAYS.

  • HOUSING ‘R’ US LTD will upon request issue a refund of the finder’s fee less a booking fee of £250 within 28 days of the original payment date. Refund requests must be made in writing within 14 days of signing this agreement. Refund procedures are set out below.

  • HOUSING ‘R’ US LTD 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.

  • HOUSING ‘R’ US LTD will keep and store all personal information and documentation securely and in keeping with its obligations under ICO data protection regulations.

  • HOUSING ‘R’ US LTD will request various documentation from the investor as part of its client due diligence process. This is a legal requirement to comply with anti-money laundering regulations.

  • HOUSING ‘R’ US LTD reserves the right to use a third party approved company to assist with carrying out client due diligence.

  • HOUSING ‘R’ US LTD reserves the right to refuse to serve any investor it suspects of acting in a fraudulent manner.

  • HOUSING ‘R’ US LTD will provide the investor with full disclosure within 24 hours of the fee being paid.

  • HOUSING ‘R’ US LTD will always remain a compliant company and observe the rules and regulations set out by the regulatory bodies. A copy of all of our registrations are available on our website WWW.HOUSINGR-US.COM  ‘compliance’ tab or by emailing deals@housingr-us.com

  • HOUSING ‘R’ US LTD is not liable for the success of any property income.

  • HOUSING ‘R’ US LTD does not guarantee any rental income or achievable rent as a guaranteed rent.

  • HOUSING ‘R’ US LTD does not guarantee any tenants or income from tenants.

​

Property Details

 

HOUSING ‘R’ US LTD 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

  • Full details of any letting agents we have sourced.

  • Viewing inspection form

  • Any additional pictures and video

  • Any RICS surveyor report if available

 

 

 

Property Valuations

 

HOUSING ‘R’ US LTD 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.

 

Down Valuations – On occasions properties may get down valued at the 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.

 

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 HOUSING ‘R’ US LTD will retain the fee and replace the property with a suitable one on a like-for-like basis. i.e., a four-bed HMO for another four-bed HMO.

 

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.

​

Conversions and Refurbishments

 

HOUSING ‘R’ US LTD is not responsible for any costs incurred in converting or refurbishing the property. HOUSING ‘R’ US LTD offers a full hands-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 conversions and refurbishments. This is an estimation only and should not be taken as a guarantee that no other work will be required.

 

 

Replacement Properties

 

HOUSING ‘R’ US LTD 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.

  • A property is down valued by more than 10 per cent of the agreed purchase price.

  • If the vendor decides to withdraw due to issues arising from a property survey which deem the property uneconomical.

  • If the property is deemed unmortgageable by the surveyor (we will need to see proof).

  • If the investor is declined a loan, we will offer a replacement property when they can obtain funding.

 

If HOUSING ‘R’ US LTD opts to provide a replacement property, it will do so within three 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:

 

Our refund policy is as follows:

 

You have 14 days from signing this document to request a refund. You can do this by emailing deals@housingr-us.com.

 

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 the date of signing this agreement will not be accepted in any circumstance.

 

HOUSING ‘R’ US LTD will not compensate or cover any costs incurred by the customer for legal fees incurred in any circumstance.

 

 

A £250 booking fee is non-refundable in any circumstance, and this will be deducted from any refund agreed.

 

I................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 £250 BOOKING FEE APPLIES AND IS NOT REFUNDABLE IN ANY CIRCUMSTANCE.           

 

SIGNED                                                          

 

NAME                                      

 

DATE

 

 

I................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.

 

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

 

I FURTHER ACKNOWLEDGE THAT A £250 BOOKING FEE WILL BE DEDUCTED FROM ANY REFUND THAT IS AGREED WITHIN THE 14-DAY PERIOD.

 

SIGN                                                   

 

PRINT                                                  

 

DATE                          

                               

Company number: 14917047

PRS membership number: PRS040081

ICO membership number: C1347503

Data protection licence: C1347503

Insurance policy number: PI23T1064298

  • Facebook
  • Youtube icon
  • Linkedin
  • Facebook icon
  • Instagram icon
  • TikTok

Registered Address: 20 Wenlock Road, London, N1 7GU Company Number: 14917047​

Data Protection License:C1347503 - Property Redress Scheme:  PRS040081- Insurance Policy Number: -PI23T1064298

 ©2023 HOUSING 'R' US LTD. 

bottom of page