Purchasing a vacation home has long been a dream for many, and buying into a shared ownership project is often viewed as the ideal solution.

Today’s buyers are naturally risk-averse, so developers must offer reassurance by ensuring that funds are held in an escrow bank account if selling off-plan or during construction. An escrow is a contractual agreement where funds are received on behalf of third parties, such as the property buyer, and distributed according to the terms of the agreement.

As an independent and trusted third party, CCTL offers developers specialized support and advice, including setting up and managing escrow accounts. Purchase funds are received, held, and disbursed by CCTL only once the relevant conditions are met. If these conditions are not fulfilled, CCTL can refund the monies to the purchasers.

Benefits of utilizing CCTL's escrow services:

Offers robust fraud protection with high-level security for consumers, developers, sales teams, management companies, and third parties

Guarantees that all necessary agreements are finalized before fund distribution

Fast and dependable fund distribution services.

Enhances the credibility of the sales process.

Boosts consumer confidence

Boosts consumer confidence