New Build Residential Properties
We have a specialist team dealing with new build residential property. Having acted for selling developers and individual purchasers for many years, Burt Brill & Cardens have great experience in this specialist area of the residential property market. Scare stories about “Off Plan” purchases, usually arise because buyers do not obtain advice from solicitors experienced in new build purchases.
Newly built properties are sold either “Off-plan” or “On Plan” (sometimes called “built out”):
“Off Plan” means the property is not built, so the buyer is buying the property off a plan rather than after a visual inspection. Very often a reservation fee is paid when an offer is accepted so it is important to check whether the deposit is refundable. We will check the developer’s title, planning position and most importantly that there are safeguards in the contract to ensure the built out property matches the buyer’s expectations in terms of design, quality and timing of completion.
To commit to buying a property before it has been built will feel like a significant leap of faith in the developer but our experience in this area enables us to give reassurance to our clients.
“On Plan” or “Built Out” means the property has been constructed before contracts are exchanged. We will check that the property construction has been completed in accordance with planning permissions and other consents and make sure it will be acceptable for registration of the first title of the property at the Land Registry. Usually new rights and obligations for the property will be created such as a right of way or an obligation to contribute to the costs of maintenance of an area of common use all of which need to be checked carefully.
We will particularly look at:
- Planning sign-offs
- Building Control Completion Certificates
- Build and structural guarantee warranties
- Estate roads and common areas
- Utility provision
- Delayed build completion
- New build mortgages
- Buy to let arrangements
Our experience acting for developers means we know what legal documentation is needed. When acting for developers we work with agents and other advisors to make sure exchange deadlines can be met.
New Build Residential Solicitors
Our new-build team have expert knowledge, experience and provide a quality service supported by strong communication with the other parties in the transaction. Contact us today on 01273 604123 or complete an enquiry form.
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