A Housing development being carried
out on behalf of the Government by GRP Investments Company Limited
(a wholly-owned Government company)
Arrangement of Finance by
Prospective Purchasers – 30 September Deadline for Applications
Application Forms in connection
with the Waterport Terraces Housing Scheme require applicants to
confirm that they have the financial means to complete the purchase
of the property. In most cases, this will require them to obtain a
bridging loan and mortgage.
The Government has been informed
by lending institutions that they will be unable to conduct
preliminary interviews with all their potential customers before the
deadline of 30 September 2005 for submission by prospective
purchasers of Applications to buy a property. The Government is,
therefore, willing to accept Application Forms from individuals who
have been unable to obtain confirmation from their bank or building
society by that date, subject to the following:
Such individuals should
insert the date in October of their arranged appointment
with their prospective lending institution in Section 9 of
their Application Form;
A letter from the bank or
building society confirming an in-principle agreement to
lend the required sum must be forwarded to GRP Investments
Company Limited by not later than 31 October 2005,
failing which (unless further extensions are allowed) the
Application will be disregarded.
Please note that Application Forms
to purchase a property must still be submitted by 30 September
2005. It should be noted that any Application Forms submitted
after the deadline of 30 September will not be considered,
unless the Government were to decide and publicly announce before 30
September, to allow a general extension of this deadline.
