What to do…

1. Applications

You can apply direct using our online application form (CLICK HERE) or arrange for one of our consultants to meet you to discuss your complete requirements

Your application will be vetted by one of our sales team and their decision will be communicated to you by post or via email as directed by you on your application form, subject only to receipt by Gam of the required deposit with applications.

2. Payment procedure

A deposit is required to be paid regardless of the financing package opted for by the applicant; the following milestone payments will apply PRIOR to the commencement of each stage and Gam will raise invoices and statements of accounts to clients :

a) 10% deposit with Agreement of Sale
b) 25% for Stage 1: incoming services (where available, see optional extras where services infrastructure not available) and works to slab level
c) 25% for stage 2: works to lintel level including first floor slabs and stairs where appropriate
d) 20% for stage 3: works to superstructure where appropriate and roofs
e) 10% for stage 4: works to mechanical and electrical, windows, doors and joinery items
f) 10% for stage 5 : works to floors, walls and ceiling finishes including external works, drainage, fencing, landscaping

The above stages will be certified as complete by an independent firm of architects based in the Gambia.

3. Methods of financing

a) Self financing

This is the most prevalent manner property buyers have these days for funding the construction of their homes. We at Gam have however sourced alternative means of making buying painless as shown below;

b) Mortgage

Gam are acting as agents for a financial institution based in the Gambia who will offer mortgages to eligible residents and non-residents of the Gambia.

To apply please print and complete the mortgage application form (click here) or request one from our offices or agents (click here). Once completed, the form should be returned via email, fax or post to our head office at the following address:

Gam Properties
2nd Floor LPL
145 - 157 St John Street
London
EC1V 4PY

Having carried out the preliminary screening, omce satisfied, the applicants details are forwarded to the financial institution for final approval, a process that takes 2 weeks. The lender will retain title on the land until amounts borrowed completely repaid.

c) Gam Flexible payment terms

We are conscious of the fact that most people have their hearts in the right place but may not be able to realise their dreams due to the high capital cost involved in building one’s home and the cyclical nature of the level of our disposable income.

We have therefore formulated the ‘Little by Little Easy Finance Plan designed to kick in only when the client is ready. It is a simple, no hassle, no pressure on ones finances which allows investors to

i) pay for the stage payments as they can afford
ii) build up finances for each stage by making interim payments to Gam Properties stakeholder accounts; once payments reach the required amounts for each stage, works will then commence and notification of this is confirmed to client.

Please contact our sales team for further details ...

4. Agreements

Once funding arrangements are resolved, applicants will then execute our agreement of sale. This document will become binding on both Gam and the client; the former to discharge their obligation to build to chosen house type and the latter to pay in accordance with the payment arrangements chosen.