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My House Hasn't Been Built Yet
Buying a house which hasn't yet been built is quite different from buying an existing property.
Before you enter into a contract to purchase an unbuilt or partially built house please bear in mind the following :-
- You will have to pay a deposit. Who is going to hold this deposit and can you get it back if your project fails?
- You will need to be sure that the house will be built to national specifications and make sure you will receive a Buildmark/NHBC Certificate
- What remedies will you have if the property is not finished on time?
- What can you do if the property is not finished in accordance with what was agreed at the time of the original agreement to purchase?
- You must be given the opportunity to prepare a snagging list where
You can list any problems that need to be rectified. You must be sure that there is a time scale by which all snagging items must be rectified and that you have recourse if they are not rectified on time.
- Is there a roadways agreement in place ? Or have they been adopted by the Local Authority?
- Is there a Drainage agreement in place? Or have the drains been adopted by the local Sewerage undertaker?
All these matters must be taken into account when purchasing a new property. Please contact us and we shall advise you on the steps we will take to protect your interests as a buyer of a new property.
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