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New build conveyancing FAQs
What is meant by ‘new build’ property
New build property refers to homes that have been newly built and which are being sold by local or national developers. In some instances, new build property can mean homes that have been substantially renovated.
What does buying a new build property ‘off plan’ mean?
It is common for developers to start selling their new build homes to prospective purchasers before the construction works are completed. This is perfectly normal and generally means that purchasers will not be able to view the interior of the actual property that they wish to buy and instead will need to consult the developer’s plans for details as to how the home will be laid out. Internal viewings can usually take place when the home nears completion.
What types of homes are sold as new build properties
In short, the new build homes come in all different shapes and sizes. New build properties can range from flats aimed predominantly at younger first-time buyers all the way through to large executive homes. Many larger developments contain a mix of flats and houses with varying different sizes on offer.
What is a reservation fee?
A reservation fee is paid to the developer to secure your prospective purchase of a particular home on a new build development. The payment of the fee provides you with the exclusive right to move forward with your purchase for a specified period of time. Many developers require that contracts for the purchase of the property are exchanged within a relatively short period of time following the payment of the reservation fee. The reservation will be used towards the overall purchase price when the transaction is ready to complete.
Do I need to instruct a solicitor when buying a new build property?
Yes! But we would say that, wouldn’t we? But it’s certainly the case that an approachable, efficient and pro-active conveyancing specialist (like the one at Eric Robinson Solicitors) can be the difference between a smooth transaction and a lengthy period of anxiety and uncertainty for a buyer.
Your conveyancer will be alongside you for an intense period of weeks. You need to be able to trust them to deliver the information and the advice you need, as well as having the energy and commitment to nudge the transaction along when it appears to be slowing down.
What does ‘exchange of contracts’ mean?
Exchange of contracts is the point where you become legally bound to purchase the property and the developer is legally bound to sell the property. At this point, you will pay a deposit (usually 10%) on the property that you are buying.
Exchange is a big step to take. If you decide to pull out of your purchase after paying the deposit, you’ll lose that money and you could be sued by the developer for their losses. So make sure that you iron out any issues with the property before reaching this point.
What does ‘completion’ mean?
Completion is when you get the keys to your new home. This usually happens a few weeks after exchange but can be earlier (it can happen on the same day in certain instances). Completion day is a busy time. It’s when your lawyer and your lender ensure that purchase money is released, and any existing mortgages are redeemed. It’s only when that’s all done that keys will be handed over and the unloading of boxes can begin.
How soon after exchange of contracts will completion take place?
When buying a new build property, it is not unusual for contracts to be exchanged before the construction of your new home is completed. This means that you may be required to wait several days or weeks before the transaction can complete at the point where all of the building works have been signed off. The developer will normally provide you with around 1 months’ notice of the required completion date and this will afford sufficient time for you to put the necessary arrangements in place for moving day.
Is the legal process for buying a new build property different to buying a non-new build property?
The simple answer is the process is identical. When buying a new build property your lawyer is required to thoroughly investigate the property to ensure that all legal aspects are in order. The only main difference is that because the property has not previously been owned by someone the focus will be on ensuring that the site and/or development has been properly configured and set-up. This will involve checking things such as rights of access and sewerage.
Do I need a survey?
It is generally not a legal requirement to obtain a survey for a new build home however if you have any potential concerns then you would be wise to consider whether a survey ought to be commissioned. One of the potential advantages of buying a new property is that you should receive a 10 year warranty from the developer and many people consider that this negates the need for a survey.
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See what our customers say…
Our solicitor Vicki Jones was amazing
Our solicitor Vicki Jones was fantastic, she was always contactable and at every step of thexway explained in simple terms the stage we are at and what we needed to do next. I highly recommend Eric Robinson and especially Vicki Jones she is a shining star.
Professional, supportive and highly recommended
I can’t recommend Nayo at Eric Robinson Solicitors highly enough. He supported me through a difficult and stressful employment situation, providing clear, honest and practical advice throughout. He took the time to explain my options, was always approachable and responsive, and helped me feel confident in the decisions I was making. What I particularly appreciated was his balanced and pragmatic approach. He understood what I wanted to achieve and helped me navigate the process calmly and professionally, always keeping my best interests in mind. I’m incredibly grateful for his guidance and support, and wouldn’t hesitate to recommend him to anyone needing employment law advice. Thank you, Nayo!
Chantelle dealt with the sale of my…
Chantelle dealt with the sale of my late Mothers property. I cannot thank her enough, she was very professional and excellent in her role. I would have no hesitation in recommending her, and Eric Robinson solicitors, and I would definitely use them again.
Excellent employment legal specialist services
Nayo Kirkpatrick provided excellent support and clear guidance throughout the process, and helped me navigate an unfamiliar situation with speed and professionalism. Highly recommend his services to anyone in need of a top quality employment lawyer.
I would like to sincerely thank Miya…
I would like to sincerely thank Miya Smith for all her help and support throughout the purchase of our property. From the beginning to completion, Miya was always professional, patient and extremely helpful. She took the time to explain matters clearly and was always willing to answer our questions and guide us through the various stages of the purchase. As English is not our first language, we particularly appreciated her patience in explaining the legal matters and documents to us. She kept us informed throughout the process and dealt with everything carefully and efficiently. We are very grateful for all her hard work and assistance in helping us complete our purchase successfully. It was a pleasure to have Miya act for us, and we would have no hesitation in recommending her to others. Thank you very much, Miya, for all your help and support.
Our solicitor Vicki Jones was amazing
Our solicitor Vicki Jones was fantastic, she was always contactable and at every step of thexway explained in simple terms the stage we are at and what we needed to do next. I highly recommend Eric Robinson and especially Vicki Jones she is a shining star.
Professional, supportive and highly recommended
I can’t recommend Nayo at Eric Robinson Solicitors highly enough. He supported me through a difficult and stressful employment situation, providing clear, honest and practical advice throughout. He took the time to explain my options, was always approachable and responsive, and helped me feel confident in the decisions I was making. What I particularly appreciated was his balanced and pragmatic approach. He understood what I wanted to achieve and helped me navigate the process calmly and professionally, always keeping my best interests in mind. I’m incredibly grateful for his guidance and support, and wouldn’t hesitate to recommend him to anyone needing employment law advice. Thank you, Nayo!
Chantelle dealt with the sale of my…
Chantelle dealt with the sale of my late Mothers property. I cannot thank her enough, she was very professional and excellent in her role. I would have no hesitation in recommending her, and Eric Robinson solicitors, and I would definitely use them again.
Excellent employment legal specialist services
Nayo Kirkpatrick provided excellent support and clear guidance throughout the process, and helped me navigate an unfamiliar situation with speed and professionalism. Highly recommend his services to anyone in need of a top quality employment lawyer.
I would like to sincerely thank Miya…
I would like to sincerely thank Miya Smith for all her help and support throughout the purchase of our property. From the beginning to completion, Miya was always professional, patient and extremely helpful. She took the time to explain matters clearly and was always willing to answer our questions and guide us through the various stages of the purchase. As English is not our first language, we particularly appreciated her patience in explaining the legal matters and documents to us. She kept us informed throughout the process and dealt with everything carefully and efficiently. We are very grateful for all her hard work and assistance in helping us complete our purchase successfully. It was a pleasure to have Miya act for us, and we would have no hesitation in recommending her to others. Thank you very much, Miya, for all your help and support.
Key contacts
Ben Smith
Senior Associate Solicitor
Afshana Ullah
Solicitor
Michelle Parker
Senior Associate Conveyancing Executive
Michala Ward
Senior Conveyancing Executive
Emma Gillespie
Senior Solicitor
Chelsea Marsh
Solicitor
Miya Smith
Senior Solicitor
Sarah Hogarty
Senior Associate Solicitor
Ben Morgan
Conveyancing Executive
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