WHAT?

it is payment made by the client to gain exclusive rights to buy a Lancaster New City property, under certain conditions and at an agreed price. It is deductible to the Downpayment and will hold the unit under the client's name for 30 days or until the first downpayment is made

IS IT REFUNDABLE?

sorry but reservation fee is NON REFUNDABLE

IS IT TRANSFERRABLE?

YES. In case of transfer or downgrade to other Lancaster New City model, Reservation Fee will be forfeited. Transfer fee of Php 10,000 will be collected and transfer is subject to terms and condition

CANCELLATION OF RESERVATION FEE

Grounds for cancellation of Reservation Fee are (1) Non-payment of First Downpayment and (2) Non-compliance with personal and documentary requirements within the given deadline of submission

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*REMEMBER: Reservation Fee varies depending on the house model. Please refer to model house for their respective reservation fee*

WHAT?

it is a fixed amount from the Total Contract Price (TCP) that needs to be paid by the client if financed thru Bank or In-house Financing. Downpayment can be paid on monthly installment at zero interest rate

WHEN WILL IT START?

it shall start 30 days from the Reservation Date. PDCs must be submitted to Profriends prior to start of downpayment. If PDC is not yet available, cash payment is accepted in Profriends office for the 1st-2nd downpayment only

    > FOR OFW/OVERSEAS CLIENTS: client is required to assign a family member who is based in the Philippines as their ATTORNEY-IN-FACT (AIF). AIF can issue the post dated cheques required for the monthly downpayment in behalf of the client abroad

IS IT REFUNDABLE?

NO. All downpayment paid to the developer is strictly NON-REFUNDABLE. In case of account cancellation, all payments made on the account cannot be refunded as indicated in the Contract to Sell (with the exception of Maceda Law)

SPOT CASH

100% Total Contract Price (TCP) is paid within reservation month or within 30 days from reservation date

DEFERRED CASH (NO DOWN, NO INTEREST)

100% TCP is paid within maximum of 24 months installment payment at zero interest. Monthly payments are covered by post dated cheques

BANK FINANCING

Minimum 12.50% Downpayment of the TCP and 87.50% balance to be loaned thru our accredited banks

DO YOU ACCEPT DIRECT PAG IBIG FINANCING?

NO. Profriends DOES NOT offer Direct Pag-IBIG financing. If client wants to finance thru Pag-IBIG, client must pay first the 20% Downpayment thru In-house Financing and the 80% Balance may be processed by the client personally to Pag-IBIG Housing Loan and provide the Letter of Guarantee (LOG) to the developer upon loan approval and signing to start the house construction. Please note that monthly amortization at 19% interest rate is continuous payment until the signed LOG is delivered to Profriends