Buying a new-build property differs from buying a traditional property, and it is often the case that buyers are faced with the daunting prospect of committing to the purchase before the property has even been built.
New-build purchases can be notoriously complex. It is usually necessary to check over various additional information to ensure that every eventuality is accounted for, like the applicable laws surrounding plot purchases and planning permission to name but a few. In addition, many developers will only allow a short period of time for both parties to successfully exchange contracts once a new-build property has been reserved. Failing to stick to these time limits may result in the buyer losing their deposit and missing out on the property.
QualitySolicitors Davisons' New-Build team
With all this in mind, it’s important that you instruct a solicitor with the technical knowledge and expertise in new-build purchases. This is why QualitySolicitors Davisons houses a dedicated New-Build team, who are specialists in conveyancing transactions for new-build properties. Our New-Build team understand the necessity to ensure that time limits are adhered to and legal documents are thoroughly checked. Our aim is to make the whole process as quick and stress-free as possible. We avoid unnecessary legal jargon and communicate with you in plain, clear English.
Many new-builds can also be purchased with the addition of a Help-to-Buy Equity Loan and ISA, and at a discounted market value. All of these will require additional processes and checks to be carried out by your solicitor. To a lay person these may seem extremely complex, but we have experts at QualitySolicitors Davisons who are experienced in the entire new-build process. We ensure that we have appropriate processes in place to make things run as smoothly as possible with minimal fuss.
Want to know more?
It’s important to instruct solicitors as soon as a new-build property is reserved. If you’d like to find out more about the process, call one of our advisors and arrange an initial chat with our New-Build team on 0121 289 3780.
Read our 9 top tips for first-time buyers.
Visit the Help to Buy website for more information about government initiatives to encourage buyers to get onto the property ladder, including the Help to Buy Equity Loan for new-build properties.
Moneysavingexpert has a downloadable guide for first-time buyers looking for more advice about obtaining a mortgage.