The purchase of a newly-built property is a completely different experience to purchasing an existing property.
Jordans’ conveyancing team has a raft of experience in dealing with new build homes and as we also act for the house builders, we know exactly what is required when buying a new house.
Some of the additional items that need to be considered are as follows:
Jordans will check that planning permission has been granted and that there are Building Regulations in place.
It is important that some form of structural guarantee is offered when you purchase a new building. Without this you will not be able to secure a mortgage. The most common of these is the NHBC guarantee which lasts for 10 years and you can pass it to any future buyer of your property.
Jordans will ensure than any roads within the estate are built properly and will be adopted by the local authority so that you will not have to pay for their upkeep. There may be occasions when the roads will remain private, and your conveyancer will ensure you are made aware of this.
The drains and sewers should be adoptable by the local Water Authority and Jordans will check that the appropriate agreements are in place to ensure that this will happen.
On a new estate, there will always be promises that you make (known as covenants) and Jordans will advise you of these. The intention of these covenants is to ensure that the estate remains a happy, peaceful and enjoyable place to live for both you and your neighbours.
