Buying a new-build home from a developer can be a complex and stressful process. Home buyers face further complications in buying a property before it is even built or where it is only partly built.
Buying a new-build home requires additional preparation. Solicitors must establish whether the plans reflect what is registered at the Land Registry and ascertain whether the property complies with all of the planning and building regulation requirements. In addition, the solicitor must ensure that the contract sets out everything that the builder has agreed to do, for example installing additional sockets, laying carpets or landscaping.
When purchasing a new build there are additional legal issues which need to be checked such as planning permission, rights of drainage and water supply as well as rights to use all pipes and cables to the property. The solicitor must also ensure that building regulations have been followed and a special insurance for new homes is obtained and must ensure that the roads on the estate where the property is being built comply with the Highways Act.
Kate Hunt, conveyancing chartered legal executive at Watkins Solicitors says, “buying a newly built house can have many benefits, for example no chain, and there should be no need to carry out any DIY for a while. However, the conveyancing aspects can be more time consuming and complex. It is important that prospective purchasers seek early advice.”