New Build Property Conveyancing
and the Process

It is common knowledge that there is a significant shortfall of housing (especially Affordable Housing) in England and Wales. The Government’s solution to this problem (although debatable) has been in more recent years, to encourage house builders (both small and larger PLC’s) to bring to market large scale New Build Property Schemes which has naturally increased the number of New Build Property transactions that our panel solicitors have been instructed on.

With a view to assisting all our prospective buyers or individuals who are considering purchasing a New Build Property, we have outlined the usual process that must be followed in almost all New Build Property conveyancing matters.

Although the result of purchasing a property in most cases is the same; be it you are looking to buy an existing property using a traditional Estate Agent or a New Build Property directly from a Developer; the conveyancing process itself varies significantly. Although most buyers become complacent with the ‘property’ given it is brand-new, there are a set of unique challenges that affect the conveyancing process given the number of variables, which must be carefully assessed and resolved where necessary by an experienced New Build Conveyancing Solicitor.

Please contact our New Build Conveyancing Team on 0800 799 9892 should you have any questions or require advice prior to reserving your property.

Finances with a New Build
Property Purchase

As with any transaction, this is one of the Key Factors to consider, however more so with a New Build Property conveyancing matter. Since it is not unusual for the property you are considering to be fit for occupation, months into the future and most Mortgage Lenders only issuing offers which are valid for 6 months – your mortgage broker should carefully consider which Lender they appoint on your behalf. There are some Mortgage Lenders who offer New Build specific mortgages, for instance Skipton Building Society who we have noted offer products that expire within 12 months. We are however unable to comment on whether products such as these are suitable for ones’ individual requirements or circumstances as we are not financial advisors and therefore professional advice from a Financial Advisor is always recommended.

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On reservation of
your New Build Property

Assuming you are confident having consulted your Mortgage Broker or Financial Advisor that you are able to secure Mortgage funding on your proposed property, it is now time to reserve your property. What this in effect means is that you are now making a financial commitment (anywhere between £250.00-£5000.00) so that the Developers will no longer market this particular property on the proviso that contracts are exchanged within a prescribed time period (usually 28 days). This is the point in time where you should instruct a Conveyancing Solicitor as the clock in effect starts ticking from now.

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Which Conveyancing Solicitor should you use?

As we have briefly touched earlier on this note, New Build Conveyancing is far more complicated than purchasing a traditional, currently occupied property. Various factors such as defective leases, defective and onerous covenants, planning and building regulation compliance etc need to be considered and addressed. This is one of the reasons why legal costs associated with New Build Conveyancing are more expensive than a similar transaction, purchasing an existing property.

Since the contract, when prepared, is almost always in favour of the Developer, a good Conveyancer will be able to negotiate favourable terms on behalf of the buyer (or at least level the playing field). Contractual negotiations include deposit protection, how the deposits will be held and utilised by the developer between exchange and completion etc.

You will also find that the Developers, their Solicitors and Sales Team will be posing a lot of pressure on you as the buyer to effect the Exchange of Contracts as soon as possible. Given that most developers have one or two recommended Panel Solicitors, it is sometimes possible that these Solicitors have pre-arranged/pre-agreed bundles of Contract Reports etc which, although perfectly legal, act as blanket templates which might not detail plot specific issues that affect you. It is therefore always advisable and recommended that you use an independent solicitor who will look at these contract documents with fresh eyes. After all, you are free to instruct any firm you choose to as stipulated by the SRA guidelines and Developers cannot make the sale of their property, conditional on the basis of using their recommended Solicitor.

Contact our team of expert New Build Conveyancing Solicitors who are well versed in transactions concluding in 28 days or less on 0800 799 9892

What our clients say

Great value for money. Everything went smoothly and I was very pleased with the service provided
Rachel Whitfield
Rachel Whitfield
20:59 12 Oct 18
Excellent! Very responsive, and really helped to push the purchase. There were unexpected delays during the process, but Anthony really helped to reassure me that he was doing everything he could to progress the sale. Ultimately, it all worked out in the end, and I would highly recommend! I would also recommend for auction purposes.
Sean Stevens
Sean Stevens
09:14 21 May 18
Very happy customer. Understanding of our needs and recommended a really fantastic solicitor.
Jack Hearne
Jack Hearne
17:49 12 Oct 18
I have just completed the purchase of my flat with them. They were recommend by the estates agents Phillip Arnold and they were fantastic. My case was handled by Milena who was really helpful and always available on the phone. The online system is also really easy to use. If I buy or sell a property I will definitely be using them again.
Sharon Kelly
Sharon Kelly
18:27 20 Dec 17
I used this service following a recommendation. The online case tracker worked really well. I would recommend this service as it's vital in the coordination between Estate Agencies and between Solicitors. The service proved invaluable in helping progress the conveyancing work efficiently and effectively. Completed the transaction just before Christmas having instructed the Solicitors on the 4th.
Shelly Harrill
Shelly Harrill
16:30 19 Dec 17
Excellent Service. Final Price same as quoted.
A Google User
A Google User
14:26 19 Dec 18
Have used them twice. Both times completion happened in less than 4 weeks, even over Xmas! Totally amazing. They take the stress out of the whole process.
Daniel West
Daniel West
13:04 21 Dec 18
Excellent Service. Final Price same as quoted
Parsa Khamooshi
Parsa Khamooshi
15:54 21 Dec 18
Being a first time buyer they guided me smoothly through the whole process of moving into my first home. Very professional and economical.
Uday Seth
Uday Seth
12:31 24 Dec 18
Express Conveyancing have been excellent in the handling of my recent house sale and purchase. Would highly recommend
James Ellis
James Ellis
11:43 30 Apr 19
Express Conveyancing have been excellent in the handling of my recent house sale and purchase. Would highly recommend
Michelle Preston
Michelle Preston
12:20 30 Apr 19
ThanksThanks for handling my sale and purchase. No complaints from me. Rebecca was regularly on hand to help with my queries and deal with issues.
Claire Miles
Claire Miles
17:48 07 May 19
I bought my first home in South London with Express Conveyancing . Great professional service, I was regularly updated and looked after. Top marks, 100% recommendation from me!
Dale Griffiths
Dale Griffiths
15:58 02 May 19
Good service and happy with the conveyancer
Chris Jenkins
Chris Jenkins
22:01 17 May 19
Great service from start to finish. Was great being able to see progress online! Very quick and efficient! All staff were helpful. Highly recommend
Reece Moseley
Reece Moseley
06:20 30 May 19
I would highly recommend them. They deal with any queries promptly and efficiently. Would definitely use them again.
Sahar Dalini
Sahar Dalini
09:13 10 Jun 19
Fair prices good efficient service
Sue Batchelor
Sue Batchelor
18:46 01 Jun 19
I would highly recommend them. They deal with any queries promptly and efficiently. Would definitely use them again.
Sahar Dalini
Sahar Dalini
09:14 10 Jun 19

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