1. Research and Budget:
Research different developers and their projects.
Determine your budget, including additional costs such as legal fees, survey fees, and potential upgrades.
2. Choose a Developer:
Select a reputable developer with a good track record.
Visit their previous developments if possible to assess the quality of their work.
3. Reservation:
Once you’ve chosen a property, you may need to pay a reservation fee to secure it.
Review the reservation agreement carefully, understanding the terms and conditions.
4. Legal Representation:
Instruct a solicitor or licensed conveyancer experienced in new build transactions.
They will review the terms of the purchase, including the leasehold or freehold details.
5. Mortgage Agreement:
Get a mortgage agreement in principle if you’re financing the purchase.
Consult with a mortgage advisor to explore mortgage options tailored to new builds.