Ross Williams Solicitors, have a wealth of experience in helping clients buy new build properties across Hitchin, Stevenage and surrounding towns and villages. Buying a property is an exciting time and there are many reasons to be happy about purchasing a new build home. However, whether you are experienced in buying properties or a first time buyer, you need be aware of the dangers of buying a new build property. We understand that the process of buying a new build home is often more complex than buying an existing or pre-owned property. The idea of a chain free purchase, often combined with incentives from the developers, a blank canvas with the benefit of a 10 year guarantee can seem the perfect solution. Furthermore, if you’re selecting your home off plan, this may mean committing to the purchase before the property has been completed and without actually having seen what you’re buying. When purchasing a new build property, there is an expectation that you exchange contracts within 28 days. It is for this reason why we advise that you instruct a specialist conveyancing solicitor as soon as you reserve a property.
We are extremely experienced conveyancing solicitors and will carefully talk you through the new build house buying process and make you fully aware of the potential pitfalls of buying properties off plan. Our experience in reviewing and checking planning permissions, building regulation consents, appropriate agreements in place for the adoption of roads and sewers, the checking of access rights, negotiating retentions and usually dealing with matters within a short reservation period makes us a good choice for your new build property solicitor.
Our partners have over 50 years combined experience. We specialise in family law including divorce, children issues and financial implications, and also in property and commercial work, and wills, estate and Probate. Though we specialise in family law, we can help in a wide range of legal matters. Serving Herts, Beds, Bucks and beyond, including clients who have relocated elsewhere in the UK or overseas.
We can also comprehensively advise you on contract terms for exchange, Land Registry requirements and arrangements for checking new builds prior to completion. We can also advise on issues such as the opportunity to personalise the property with flooring, tiles, decorating, fitted furniture and appliances. There are also other risks, we will guide and advise you on these to safeguard against the property turning out not as you had expected. We understand the complexities of purchasing a new build property and the deadlines that are involved.
We will work with you and the developer to achieve a successful outcome. Due to the uncertainties with the weather, availability of building supplies and other problems with the building of properties there are often delays in the completion of a new home. It is important that mortgage offers can be extended due to the aforementioned delays. When the property is built and ready, the developer will give written notice.
The conveyancing transaction needs to be completed to the written date notice issued, which is usually as little as 10 working days. We are able to guide you through each stage of the process keeping you well informed throughout the process.
Snagging lists and Surveys
When buying a new build property, it is highly likely that it has not been built. Therefore it is important to ensure that you have an inspection of the property to highlight defects and problems with the property. In our experience paying for an experienced surveyor to complete a snagging list is essential. A recent new home review survey highlighted that 90% of new build property buyers had experienced snags and defects on their property purchase. Furthermore, they were also extremely unhappy with the service provided by some developers to rectify the snags or defects.
A snagging survey prior to the property completion can outline the issues before you complete on your property purchase and pick up the keys. A good snagging survey will include a schedule of work to be completed with photographic / video evidence. This can be shared with the property developers so that these issues can be rectified satisfactorily or even be used to renegotiate with the developer. At Ross Williams Solicitors, we use our expertise to complete property transactions to the tight deadlines issued by the developers, whilst ensuring the appropriate final building inspections have been carried out and snagging lists produced.