New Build Property
When looking to buy a new property, it is crucial to use a conveyancing solicitor that will handle the legal process as quickly and efficiently as possible.
At Banner Jones, we have a wealth of experience in new build property conveyancing. As the process is deadline driven, you need a proactive conveyancing solicitor to act on your behalf.
Buying A New Build Property
The legal process of buying a new build property is different and often more complicated than an existing property.
Usually, when buying a new build property, your offer is accepted by the builder before the property is structurally complete.
The Four Stages of buying a new build
Step One: The Reservation Process
You must pay a reservation fee, so the developers can build your new home.
Step Two: The Conveyancing Process
The legal process of buying the property.
Step Three: Exchange of contracts
These contracts are exhanged between you and the seller.
Step Four: Completion Date
This is the date when the keys are transferred between the seller and the buyer
Timing is crucial with a new build
With new homes being in such demand, there is no shortage of buyers. When you purchase a new build property, you will have a limited period to exchange contracts. Usually, it is 28 days to complete the legal conveyancing process.
At Banner Jones, we understand that owning your new home is deadline driven. You'll have a dedicated and proactive member of the conveyancing team to handle your matter. You'll be informed every step of the way.
When buying a new build, it is vital that you instruct a solicitor immediately. The time frame to exchange contracts is limited. Your conveyancing solicitor must do searches on the property which relies on getting information from third parties.