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Auction guidelines for buyers and sellers

TO MAKE the buying and selling of residential and commercial property at auction easier, the Royal Institute of Chartered Surveyors has unveiled a new set of guidelines for customers.

The new guidelines, which focus on a common set of conditions of sale for all auction houses, strike a balance between the needs of the buyer and seller and should reduce legal costs by adopting a plain English contract.

The conditions are available via the RICS website www.rics.org/property_auctions.

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HILLREED Homes has released its Sales Suite home at Seaton Place in Tonbridge. The company is offering this unusual three/four bedroom detached property, the original house at the development which has been used as a sales suite.

The home includes a hall, dining room, lounge, kitchen/breakfast room, utility room, three bedrooms, study/fourth bedroom and a double garage.

The sales suite home is £284,950. Phone 01732 358666.

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ESTATE agent Your Move is offering a high street bank’s mortgage product to help people get a mortgage offer quickly, at a competitvely low rate.

The rate is discounted by two per cent off the rate of 5.95 per cent (6.2 per cent APR) until July 1, 2004, and is available up to 75 per cent of the proeprty value to house movers, buyers and those remortgaging.

The rate of 3.95 per cent is a variable rate and will revert back to the standard variable rate after July 1, 2004. This is subject to a minimum loan of £50,000, and an early redemption of two per cent of the amount repaid if the mortgage is paid off before July 1, 2004, and a completion fee of £250.

Call 0845 845 6200 for details.

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BRITAIN’S third of a million small builders now have the chance to promote their projects via their own websites.

Build2Pro.co.uk provides small builders and tradesmen with all the tools they need to show a highly professional face to the world.

Build2Pro.co.uk aims to give the small builder everything else he needs to make the best impression. For example, knowing the weather five days ahead can do wonders for time management and getting the lowdown on the latest recycling law can lift your green credentials.

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DAVID Wilson Homes is reporting a marked increase in brand loyalty from its buyers.

The housebuilder claims it is more aware than ever that people are expressing a greater allegiance to its homes.

Mike Stansfield, chief executive of David Wilson Homes, said: “In some instances buyers have needed to relocate and have moved to another of our developments in a new location. Other buyers have simply moved to bigger or smaller homes within one development or area as their needs change.”

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