Terms & Conditions

 

DON’T PUT YOUR DREAMS ON HOLD PROMOTION 

Terms & Conditions 

  1. APRA means the Australian Prudential Regulation Authority (APRA) 
  2. Bank means an Australian owned deposit taking institution authorised by APRA. 
  3. Land means land purchased by the Participant from the Vendor on the terms described below. 
  4. Mortgage means a home loan mortgage granted to a Bank by a participant which is:
    4.1 Not more than 90% of the list price of the Land;
    4.2 Secured over the Land;
    4.3 At an interest rate fixed for at least one year and not more than 3.2% per annum;
    4.4 For a term of not less than 1 years; and
    4.5 Requires monthly principal and interest repayments. 
  5. Vendor means ADORE MT. BARKER  

Operative Terms 

  1. The Vendor reserves the right to change the terms of this promotional offer or to modify or end this promotional offer at any time without notice. 
  2. This promotional offer is void where prohibited or restricted by law.  
  3. The construction, validity, interpretation and enforceability of this promotion and its terms shall be governed by and construed in accordance with the laws of South Australia. 
  4. This promotion is only available for a limited time only, for as long as it is advertised on the Vendor’s web page  
  5. This promotion cannot be combined with any other promotion such as rebates etc. 
  6. To be eligible for the Promotion: 
  7. you must be eighteen (18) years of age or older; and 
  8. unconditionally purchase land at the Estate at the Vendor’s current listed sale price under an unconditional binding and enforceable land sale contract approved by the Vendor, which is subject only to finance in an amount not exceeding 90% of the current listed sale price for the land 
  9. At our absolute discretion, we may refuse to provide you with the Promotion if we do not believe you have satisfied the eligibility requirements as outlined  
  10. When the Participant receives finance approval for purchase of the Land, from a Bank, the Participant must in writing inform the Vendor of the required monthly repayment terms and conditions of that finance. The Vendor may, at its discretion, ask the Bank to confirm that information 

 

 

At settlement of the Land purchase, the Vendor will pay an amount equal to 12 monthly instalments of the Mortgage (‘the Mortgage Fund”) into a trust account operated by a Licensed Land Agent to be held on trust by the Agent for the participant.  

In no circumstance will a Mortgage Fund exceed the amount on $10,000.00. 

The Licensed Land Agent shall be directed to make 12 monthly payments to the Bank on the Participant’s behalf. 

The Participant may at any time after settlement of the Land direct the Licensed Land Agent to pay all moneys held by it to the Participant or to whom the Participant may direct. 

In the course of providing the Promotion to you, we may collect some of your personal information or data. This will be collected in accordance with our Privacy Policy, which can be viewed at https://adoremtbarker.com.au/privacy-policy/