Here at PCS Legal, we have an extensive wealth of experienced staff within our New Build Department that deal with all New Build Property acquisitions from developers and builders in the UK. We act for a number of buyers looking to engage with some of the biggest developers all over the UK.
There are many benefits of buying a New Build Property. The fact the plot itself is brand new and also the appliances gives great peace of mind. You may also have the opportunity to participate in the decoration and style of most plot purchases. You get to choose the finish in relation to carpets, bathrooms and kitchens. Following completion you don’t have to worry about replacing items to your dislike or ageing appliances etc. New build houses/flats are also more energy efficient with the latest technology and energy saving features throughout.
Other benefits include the fact the plot will be ready to move into once constructed and also there are no worries with regards to vendors changing their mind at the last minute and having to start the process again. There are also some less obvious advantages such as guarantees- most large builders offer new build guarantee’s that cover the plot for a period of 2-10 years. Insurances are often held with the likes of NHBC, Premier and Zurich. This would be a key point when instructing your legal representative.
Other advantages include different options when it comes to finance. There are government backed schemes such as First Buy which allow you to put down a reduced or lesser deposit than would normally be the case, this can be as little as 5% in certain cases.
If you would like to discuss buying a New Plot please contact our New Build Department at PCS Legal who will be pleased to discuss the same with you.