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Buying a new build property? Your conveyancer is the key to success

New build properties are appealing to homebuyers for several reasons, namely because they require fewer initial repairs and often carry a warranty or quality guarantee.

However, says Senior Conveyancing Executive, Louise Brough, new builds present their own challenges which buyers ought to address with the help of an experienced conveyancer.

She’s here to guide you through the most important issues that you need to consider when buying a new build residential property.

Liaising with sellers

Unlike pre-owned homes, new build properties do not have previous resident-owners. While this often reduces the length of the chain, it also means that you will be buying from either an investor or directly from the housing developer.

A conveyancing specialist can help you to negotiate with these commercial parties to achieve sale terms which are fair.

For new build properties, this may include a snagging clause to require the developer to assess cosmetic issues or more serious imperfections discovered following completion of the purchase.

Working with your mortgage provider

While conveyancers are not financial advisers, they often work closely with your mortgage provider to ensure that all legal requirements for mortgage funds to be released are met.

“We handle the legal aspects of securing mortgage funds and advise on the implications of mortgage terms,” Louise said.

“We also oversee the transfer of the deposit to secure the property, which is a crucial step in the purchase.”

Completion

As with purchasing a pre-owned home, we ensure that all the necessary requirements to complete the transfer of ownership are in place.

If there is any stamp duty property tax to pay, we can also advise you on this and arrange payment on your behalf.

Buying a new build home is an exciting time which should be made as straightforward as possible with the help of a conveyancing expert with your best interests in mind.

Want to take the next steps? Get an instant quote from our Residential Conveyancing team.

Louise Brough

Senior Conveyancing Executive

With more than 20 years’ experience in conveyancing, I began my career working in-house for a mortgage lender in repossession sales, before moving into private practice in 2000, acting on behalf of developers, landlords and private clients.