New build extras

kieron79

Quick question, when adding extras to a new build eg carpets, upgraded appliances, switches etc is the money paid seperately or is it added to cost of house? Thanks

scottishblondie

I paid separately. I don't know if that is the norm though.

littlesparkles

It probably used to be the case that you could add it to the mortgage but things have changed now and I doubt the mortgage companies would like that nowadays.

I bought from Taylor Wimpey last year and had to paid 50% for extras upfront when I ordered them prior to exchange with the other 50% paid on completion. If I'd ordered the extras after exchange then I could have paid 100% on completion. Note: if you order extras before exchange and then the purchase falls through then you would lose the money already paid.

kieron79

Useful to know, thanks for replies

dgtazzman

From my recent experiences:

Barratt's: if value of upgrades is under 250 pounds, pay on the spot, otherwise I could put down a deposit (25% with a minimum of 250 pounds) and pay the rest on the first day of the month of proposed completion.

Keepmoat: much more relaxed. Pay whenever I want, if not done before completion, they will add the costs of the extra's to the completion balance.

All depends on the developer.

kieron79

Thanks, it Bellways 'bespoke additions' I was looking at