Buying a new build

dannyjebb

I am sorry if this has been asked a million times, I have trawled through a forum search but can't pinpoint any answers.

We are about a reserve a new build with Bellway and looking for some advice as it is our first home. Previously in shared ownership apartment

1) The house is built from the outside, just needs inside doing and estimated to be ready in July this year. So no problems with mortgage expiring etc, Ours has just sold this weekend to a couple who have equity in their house which they have sold so will be cash buyers so not anticipating problems, saleslady said we need to put £500 deposit down and exchange contracts in 6 weeks, we are relying on ours selling for our deposit, does anyone know if for some reason we hadnt completed the sale of ours or the sale fell through for any reason, is the 6 week flexible? or would we get our deposit back if we had to pull out through no fault of our own? ( I know I should of asked this at the sales office today but I had a lot of questions and only thought about this later, they are now closed until Thursday!)

2) Does anyone have any advice on getting anything from bellway? Reading up they seem to be reluctant to give a discount and prefer to give free stuff like carpets etc which while being nice I would rather have a simple discount on price or stamp duty/legal fees paid. I would rather get my own good quality carpets etc. The price doesn't seem too inflated for the area and there are only 4 of this property style for sale and the 2 currently available are the last 2 remaining. So probably not in a very strong position to negotiate

3) My dad is a retired bricklayer and building inspector. Has anyone ever been allowed to have their own building inspector on site to keep an eye on things? Most of the stories you read on reviews are poor workmanship, so would be reassuring having my dad have a look now and again

Many thanks

Danny

gettingtheresometime

I doubt very much your dad would be allowed on site for all sorts of reasons not to mention health & safety.

ceecee1

Having fallen foul of buying a new build house which is now virtually unsalable I would check and double check (and ask for it in writing) whether the property is leasehold or freehold.
If it is leasehold - what options do you have to purchase the lease, what is the ground rent, how often does it increase and by how much does it increase
Mine started out as a £295 per year ground rent, the land was sold onto a third party without any information being passed to me. The current holders now want in excess of £40,000 to purchase the lease.
In the meantime my ground rent doubles every 10 years (not from the date that I bought the house but from an earlier date).
This will reach a figure of over £9,000 per year and will be more than my pension. This is why they are no longer saleable or mortgageable

See facebook page or google for national leasehold scandal for information.