New build house
January 29, 2024

Top Tips on Buying a New Build Property

Top Tips on Buying a New Build Property

In recent years, the allure of purchasing a new build property in the UK has grown, with many buyers drawn to the promise of modern amenities and energy-efficient features. While the prospect of owning a brand-new home is exciting, buyers must be aware of the unique challenges associated with this type of purchase.

Here are our top tips for buying a new build property:

1. Scrutinise your contract

New build contracts can be complex, with numerous clauses and obligations that may not be present in traditional property transactions. Make sure you scrutinise your contract to ensure you fully understand your rights and obligations, examining details such as completion dates, build specifications and potential penalties for delays. An experienced solicitor can assist with this and advise you accordingly.

2. Resolve snagging issues

Newly constructed properties may have ‘snagging’ issues – minor defects or incomplete work that needs attention. Your contract must include provisions for addressing snagging issues. Your solicitor can check this and may liaise with the developers to guarantee their resolution before completion.

3. Understand the warranty and insurance provisions

New build properties come with warranty and insurance provisions, typically provided by organisations such as the National House Building Council (NHBC). This provides an element of cover towards the cost of fixing some structural defects caused by design problems, faulty materials or poor workmanship for a specified period of time. Your solicitor can assess the adequacy of the warranty offered and advise on the importance of additional insurance cover to protect against structural defects.

4. Don’t let mortgage and finances hold up progress

Coordinating the release of funds from your mortgage lender with the construction progress is vital in new build transactions. Your solicitor will liaise with your mortgage provider and the developer to ensure a smooth and timely flow of funds, minimising the risk of delays. If buying off-plan, it’s important to understand when the property is likely to be ready for you to move into and ensure that your mortgage will still be valid when that time comes – mortgage offers are usually valid for a limited period of time. Off-plan purchases often don’t fix a date for you to get the keys at the point you exchange contracts and legally commit to buying.

5. Know your rights when buying a new build

Buyers of new build properties benefit from specific consumer protection regulations, which provide certain rights, including the right to seek recourse in the event of breaches by the developer, so make sure you’re up to speed with your consumer rights.

Advice on buying a new build property

In conclusion, the purchase of a new build property requires a thorough understanding of the legal intricacies involved. Engaging the services of an experienced solicitor is not just advisable, it is essential to navigate the complexities, protect your interest and ensure a seamless transaction.

If you’ve got questions about buying a new build property, contact our conveyancing and property solicitors by phoning 0161 929 8494  or emailing