Purchasing a New Build is unlike any other property transaction, but at DV Solicitors, we like to be different. We can offer our expertise on all New Build matters and promise experience.
You need to be a qualifying tenant under The Leasehold Reform, Housing and Urban Development Act 1993, which gives lessees the right to surrender the existing lease and acquire a new lease on their property. To be a qualifying tenant, you must have been the registered owner of a property with a long lease for at least two years.
We will mitigate the above factors by providing you with regular updates and simple explanations of any processes. As our client, we will listen to what you feel comfortable with and support your decisions.
It can feel daunting to agree on a house sale with developers or development agents when your home is no more than timber or concrete. We would want no client to go through the process alone. We are here to walk you through the following:
Most mortgages have a limitation period of 6 months, New Build properties can sometimes take years to be properly finished. Keep your Solicitor up to date with where your mortgage offer stands.
A traditional survey of a house won’t suffice for a new-build property, to ensure that the house on paper is the house in reality: You need to book your Snagging Survey. Usually, the survey is booked between when the house is nearly finished and the Completion. If the Developers refuse a Snagging Survey, as your solicitors, we will enforce your legal right!
Developers will push to exchange right away due to the competitive nature of the market.
