The conveyancing process of a new build property is a more complex transaction than the purchase of an existing house. It therefore requires particular skills from your conveyancers. To get a quote for buying a new build property you can call us on 01522 581080, e-mail us on email@example.com or click on our Get a Quote button on our website.
When purchasing a new build property you will often be required to exchange contracts within a relatively tight timescale; usually 28 days or less. Fletcher Longstaff’s expert conveyancers (meet the team) are experienced in operating under these tight deadlines. We can confidently liaise with you, your new build property sellers and anyone else involved. It is vital that communication is kept open, and we will aid in both the property purchase and your related property sale.
Why is New Build property Conveyancing different?
When purchasing a new build property buyers are often faced with committing to the purchase before the property is built. This is referred to as “purchasing off plan”. As a buyer, you may purchase the property before construction has begun, or during the construction process. It is likely that you will have only viewed the show home.
The conveyancing process involved with a new build property purchase is different because:
- It is the sale/purchase of a ‘new property’
- The developer will have a large number of sales progressing at the same time
- The developer may adopt a slightly different conveyancing process than normal
- It is a sale of part. As the developer usually owns the whole site, they will be disposing of it in the form of lots
To reduce the chances of losing your potential new property, you should contact us at the earliest possible opportunity, and mortgage enquiries should be submitted quickly. Buying a new build often means that there is no fixed completion date. However, the team at Fletcher Longstaff are very experienced in these situations. We will efficiently communicate with all parties, to make the process as stress-free as possible for you.
What if you are part-exchanging your property?
Part-exchanging an existing property with the builder can be as complex as any other home buying process. The builder’s solicitor must ensure that all legal aspects of the property are in order. However, we are able to offer a full legal service so if you have any particular questions, we will be able to help.