Rhodes & Walker Ltd

Buying a new-build property differs from buying a traditional property, and it is often the case that buyers are faced with the daunting prospect of committing to the purchase before the property has even been built.

New-build purchases can be notoriously complex. It is usually necessary to check over various additional information to ensure that every eventuality is accounted for, like the applicable laws surrounding plot purchases and planning permission to name but a few. In addition, many developers will only allow a short period of time for both parties to successfully exchange contracts once a new-build property has been reserved. Failing to stick to these time limits may result in the buyer losing their deposit and missing out on the property.