Gen H discount Terms and Conditions
In these Terms and Conditions “we”, “us”, “our”, “Generation Home Legal” and “GenH Legal” refers to Generation Home Legal Limited and “you” and “your” refers to our clients.
1. What is the Gen H Discount?
- Gen H Legal is a conveyancing firm that is offering a discount on the cost of their legal fees for Gen H mortgage customers.
- Customers taking a Gen H mortgage will be entitled to a discount of £200 plus VAT from Gen H Legal’s legal fee on their purchase or remortgage transaction.
- Customers with a sale related to the purchase or remortgage transaction will be able to claim a further £200 plusVAT discount on Gen H Legal’s legal fee on their sale.
2. Who is eligible?
Customers who complete a purchase or remortgage transaction with a Gen H mortgage.
3. How it works
- If the customer is eligible for the GenH Discount, you should choose Gen H Legal during the mortgage application process. Gen H Legal will then be provided with relevant details to send the customer a quote.
- You can also obtain a quote by visiting www.genhlegal.com/get-a-quote to input the details requested to obtain a quote (please note that the quote will be emailed to the person named in the quote and that email contains a link to instruct – if the broker generates the quote in their own name, an amended quote in the customer’s name will be required to enable them to instruct us). In the box that says ‘Enter a valid voucher code’ input the code GENH200 which will apply the discount.
- If a property sale or purchase transaction falls through before completion, Gen H Legal will charge a legal fee that is a percentage of the total quoted fee based upon the milestone reached in the transaction before it became abortive. In these circumstances the discount will be applied pro rata.
- Gen H Legal offers a failed transaction fixed fee guarantee at a cost of £175 plus VAT and legal fees (excluding any third party costs that have been incurred) will be capped at £175 plus VAT. If this option is taken then the discount would not apply.
4. Exclusions
- The discount of £200 plus VAT can be used for a purchase, remortgage or a sale transaction with Gen H Legal:
- If Gen H Legal is instructed to act in relation to a single property transaction such as a purchase or sale then when the transaction completes, a discount of £200 plus VAT will be applied to the legal fee.
- If Gen H Legal is instructed to act onto sell or remortgage a property and to purchase a property at the same time, the discount will apply to each transaction on completion, resulting in a total legal fee discount of £400 plus VAT.
- If Gen H Legal is instructed to act in relation to a single property transaction such as a purchase or sale then when the transaction completes, a discount of £200 plus VAT will be applied to the legal fee.
- The discount cannot apply to more than one sale transaction, more than one purchase transaction or more than one remortgage transaction:
- For example, if Gen H Legal are instructed to act in selling two or more properties either at the same time or at different times in the future, the discount can only be applied to one property sale, meaning a total discount of £200 plus VAT can be applied for the two or more transactions.
- Another example to illustrate this is that if Gen H Legal are instructed to act on in selling two properties and purchasing one property, the discount can be applied to one property sale and one property purchase resulting in a total discount of £400 plus VAT across the three transactions.
- If one or more Gen H customers are buying or selling a property jointly then the discount can only apply once in relation to each property sale, remortgage or purchase.
- If the property being purchased, remortgaged or sold is:
- worth more than £2,000,000;
- located outside of England and Wales; and/or
- not residential;
Gen H Legal will not be able to act and the discount is invalid.
- These Terms and Conditions relate only to the discount and are separate to any contract entered into between customers and Gen H Legal for the provision of conveyancing services for purchasing, remortgaging or selling properties.
- If there are any inconsistencies between these Terms and Conditions and the terms of a contract entered into between customers and Gen H Legal, the terms of the contract between the customer and Gen H Legal will apply.
5. Abuse of the referral terms
- Gen H Legal has the right to refuse to apply the discount if we suspect that you have not acted in good faith or are in breach of any of these Terms and Conditions.
- When there has been a breach of thereferral terms, Gen H Legal may take such action as we believe appropriate,including (but not limited to) refusing to apply the discount.