Whether it’s your first home or you’re looking to move house, purchasing a new build property can be exciting, but the legal process is more complex than many buyers realise. Buying a new build can mean committing to a home that hasn’t been built yet, which is unlike a regular property purchase. Once you reserve, your timeframe is tight – developers usually want contracts to be exchanged within 28 days.
That’s where we come in. Our dedicated new build conveyancing solicitors know the process inside out, including how developers operate, documentation involved and how to meet tighter deadlines, all while ensuring the legalities are completed efficiently and correctly. We’ll assist you from the day you choose your plot to key collection and beyond, so you can focus on the exciting bit – moving in.
To speak to our team about new build conveyancing, contact us on 01206 835 315, or use our online contact form today. Alternatively, use our conveyancing quote calculator now.
New build conveyancing follows the same legal process as any other property purchase, but there are a few differences that are worth understanding:
When you reserve the property – we’ll assign you a solicitor who will manage your case from beginning to end, making sure you’re kept up to date throughout.
Exchange – we liaise with the developer’s sales and legal team throughout the process, checking in on progress, raising enquiries and negotiating on your behalf. Our solicitors understand what developers expect and we know how important the deadlines are, so we’ll always work with these in mind while still ensuring your interests are a priority.
Completion – towards the end of the process, at the key collection stage, we’ll have ensured that everything is in place and ready for you to finalise the transaction. All searches, documents and legal requirements will be satisfied, and you’ll have confidence that there are no surprises on the day.
Afterwards – even after you’ve successfully moved into your new home, we’ll still be there to help with legal documentation and new build warranty documents, so you can feel confident for the future.
If your purchase involves a related transaction – part exchange, assisted move scheme or independent sale of an existing property, we can handle this at the same time as your new build transaction, so everything is looked after.
Our dedicated new build conveyancing team understands the deadlines involved with buying a new property and has the specialist expertise needed to help guide you through the process smoothly. We’ve also been shortlisted for the New Build Conveyancing team of the year, further highlighting our care for each case we take on.
We’re able to assist with any related sale (by way of part exchange, independent sale or assisted move scheme by the developers).
With over 40 years’ experience, Fisher Jones Greenwood is a long-established law firm. With several offices around Essex, Suffolk and London. Phone us on 08081 891 596 or complete our online enquiry form, and we’ll call you back to arrange a meeting with a family solicitor or lawyer.
Request A CallbackHow long does new build conveyancing take?
Each case is different, so timeframes will naturally differ. Generally, new build conveyancing takes about 28 days to exchange contracts and then a few more weeks to complete. It’s important to note that any delays may result in a longer timeframe. Your solicitor will be able to give you more precise timeframes.
What will happen if I miss my exchange deadline?
If you don’t exchange within the 28-day period, you risk losing your reservation and reservation fee. We’ll always ensure your deadlines are met in advance to avoid the extra stress.
What is an NHBC warranty?
The NHBC Buildmark warranty is a 10-year structural warranty that covers most new build properties in the UK. If any structural faults are found, it will ensure the developers rectify them.
What is a snagging survey?
A snagging survey is an inspection before, or shortly after, you move into your property which identifies defects or unfinished work. The developer is responsible for fixing anything of this nature.
What is a longstop date?
A longstop date is a deadline by which the developer of your new build property has to complete the build. If your new home isn’t complete by the date given in the contract, you are allowed to withdraw from the purchase with your deposit. It gives you peace of mind if construction ends up being delayed significantly and you’ll have an exit route if needed.
Can I pull out of a new build transaction after I’ve exchanged?
You are legally bound to the new build property once contracts have been exchanged, and pulling out would mean you lose your deposit. Your solicitor should look over your contract to ensure there’s a ‘longstop date’ included.
How much does new build conveyancing cost?
New build conveyancing costs vary from transaction to transaction, and your solicitor will be able to give more accurate fee estimates. Transparency is essential for us when it comes to giving you fees, and we’ll never surprise you with hidden fees.
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