Purchasing A New Build Property
When buying a new build property there are a number of additional points to consider when compared to purchasing a pre-existing property. You will often be buying “off plan”, the completion date may not be fixed when contracts are exchanged and you will need to know what, if any, warranties are in place. The builder may impose a short deadline by which you must exchange contracts to ensure that you do not lose your reservation fee and they may offer a number of incentives such as shared equity or additional fixtures and fittings.
The purchase of a new build property is more complex than purchasing a pre-existing property so, you need to ensure your conveyancing solicitor is experienced at dealing with this type of purchase. The team at Bleasdale & Co regularly deal with new build purchases and you can be sure of a comprehensive service.