Although undoubtedly exciting, the legal aspects of buying a new build can be more complicated than for other types of property.
With the pressure of tight exchange deadlines imposed by developers, building regulations compliance and contracts which don’t necessarily reflect your requirements, it’s important to choose an expert conveyancer who can guide you through the process, acting in your best interest.
Expert conveyancing for your new build property purchase
At Home Property Lawyers our helpful and friendly conveyancers will support you, working with the estate agents, developers and the seller’s solicitors to ensure the purchase of your new build property proceeds as smoothly as possible.
Our experienced team are here to make sure that every stage is completed quickly and, with a dedicated and contactable conveyancer assigned to you from start to finish, you can be reassured that you will be kept fully informed throughout.
What should I consider before buying a new build property?
Purchasing a new build has many advantages. You are the first person to own the house or flat, enjoying the benefits of a brand new property, along with your specified fixtures and fittings.
However, new build properties also come with their own particular considerations which are worth noting before you commit to buy.
- The developer will often impose a deadline to exchange contracts within a certain timeframe, usually 28 days. At that point they may start to put the pressure on to exchange and may withdraw from the transaction, especially in a buoyant market, retaining any reservation fee you may have paid.
- The developer will have drafted a contract in a standard form and will be reluctant to agree any changes.
- If the property is yet to be built, you may be required to exchange contracts without a fixed completion date
- Additional checks will need to be carried out, such as
- Ensuring that planning permission & building regulations have been obtained for the construction of the property
- Checking the roads and drains have, or will be, publically maintained
- Confirming the new home warranty being provided to cover defects is in place
- Confirming adequate rights for access and use of services are in place
All of these steps are quite common and can be quickly arranged and completed by our experienced team of expert conveyancers.