The Buying Guide
New Build Sales is acting for all the major developers in the UK and have a range of high quality modern new apartments for sale within London. We are working with major new home developers in co-operation to bring these new build apartments to you at affordable prices – whether you are looking at your first buy in London or looking for sensible investment opportunities in new homes and new property, we are able to help you!
Our dedicated Residential Development Sales team’s work with many of the UK’s leading residential and mixed use developers in the marketing and sales of new homes, providing bespoke marketing services to house builders, developers and private clients.
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The Buying Guide
Buying a new property can be a complicated process. But it really needn’t be with our experienced tem’s help on hand, and this very simple step-by-step guide to the buying process. Honestly, you’ll be settled into your new home quicker than you had ever imagined following these 10 simple steps!
What we recommend as most wise for you to do is either contact us via email or phone, or simply pop in and visit us in order to register your interest and what exactly you’re looking for. It also means we can get the ball rolling straight away to bring you closer to finding your perfect property.
We have a wide range of properties for you to choose from. So, before we begin the search it is important for you to consider exactly what you’re looking for. A few things for you to consider might be the size and type of property, the area you wish to move to, as well as transport links available. These aspects are very important to give thought to. For example, if you have a family, then you may consider the schools in proximity to the property, or, if you are buying to let, consider the fact that tenants often look for access to amenities and good transportation links.
The quicker your finances are in order, the quicker you’ll be able to act when that perfect property comes along. It is important to figure out exactly how much you can afford, which mortgage to choose, as well as considering and sorting out protection plans. Our advisors are happy to help you with all of these things however to make it that little bit easier for you. So just get in contact! Here are a few costs that it is important you consider when planning your budget:
Once you’re certain about the type of property you’re looking for, you have the option to choose between one of the many hundreds of properties City Quays has on offer across a number of areas. You have the option of searching online or simply popping in to see us. We also have an email and SMS service that notifies you of properties suited to your requirements.
Once you feel you have found a property you’re interested in, we’ll arrange a viewing at a time suited to your convenience. We run a number of these in the evenings and on weekends, designed specifically to fit around busy schedules.
Once you’ve found a property that ticks all the boxes it is important to act quickly and reserve your chosen plot. We will then try to get you the best offers and discounts that cannot be found elsewhere and negotiate these terms with the developer. We will inform you in writing if, and when, an offer is accepted.
So, after all that searching you’ve found the perfect property, placed an offer, and this offer has been accepted. This stage is known as ‘sale agreed’. Now at this stage a solicitor will have to get involved in order to deal with the financial aspects of the sale.We are more than happy to recommend solicitors to you, making the whole process that little bit easier for you.
This process occurs so that the property can legally be transferred from its current owners/ or from the developer to you. As part of this process, your solicitor will do the following:
- Raise any enquiries on receipt of the draft contract from the Developer’s solicitor, and check for any inconsistencies in the lease also.
- Request their own local searches
- Agree on a date for exchange of contracts
We will ensure you are kept well informed every step of the way.
Before your mortgage lender makes you a mortgage offer, they’ll require a ‘mortgage valuation’, to ensure you are not borrowing more money than is required for the property. Once the lender is happy, they will send you a mortgage offer detailing the terms to you and your solicitor.
The formal exchange of contracts agrees the terms of the sale and makes them legally binding on both you and the Developer. Once this has happened, you can look forward to a mutually agreedcompletion date. This is when the money is transferred, and the property legally changes hands. At this point you will be required to provide any remaining deposits due.
Congratulations! You are now due to be the legal owner of a new home! On or just before this day, your solicitor will pay what is owed into the seller’s solicitor’s account. Once this transfer has been confirmed, the transfer document and title deeds are yours, and everything is done and dusted!
- Exclusive access to the latest off plan properties
- Below market value (BMV) investment opportunities
- Reports and updates on the London property market
- Professional advice from our dedicated Buying Consultants
- And much more