Thinking of buying a new build

mortgage_help_3

Hi Everyone

We are thinking of buying a new build and would like a little advice on whether you can get the price down.

The asking price is £234950 and they will give us £4500 forces discount but I saw on their website that they offer 5% deposit would it be cheeky to ask them to knock 5% off the price aswell? If not are they likely to do it?

Thanks for help

GuidoT

Who knows if they will reduce it, but them.

If you do not ask you do not get, do not worry about cheek.

myhouse_2

5% discount is the absolute minimum I would accept - they typically build a 5% discount into the price anyway. Unless it's super popular (unlikely at present), they'll generally be delighted to give you 5% or more off. I've been looking at new builds too, but decided I wouldn't buy without 15-20% off. Market has been sluggish but their prices typically have stayed exactly the same.

mortgage_help_3

Should I also ask them to give forces discount aswell

GuidoT

Assuming you are in the forces - then yes of course.

brit1234

Ask for a 30% reduction and say you don't want the gift deposit.

Hardly anyone excepts gift deposits really limiting mortgage choice.

Gift deposits are just a way for developers to fudge land registry figures.

thriftychap_2

Personally i would forget about the forces discount and just negotiate 1 larger discount instead of 2 smaller ones.

I have been tentatively looking at new builds at the same price bracket also and if i was offering on one at that price i would want it for 210k to 215k with carpets. If they cant do it leave your details and walk away.

mortgage_help_3

Do you think they would honestly sell it for 215K? I have never bought a house before because my husband already had our house when we met

mortgage_help_3

Forgot to add we would like to part exchange so will that affect the discounts we can get

freddykrueger

mortgage_help wrote: »

Forgot to add we would like to part exchange so will that affect the discounts we can get

I think I replied in another thread of yours but we are in a similar situation and the builder (Bellway) says if you take part exchange then that is your lot.....personally I don't believe them and will be fighting for more!

mortgage_help_3

Have they given you your part exchange amount? If so was it alot less than estate agents price