Buying A New Build - Steps Involved

Lazarus_Blackstar

Started reading this thread thinking Steps were actually involved in buying a new build! :D:D Sorry but I couldn't resist!!!

Chanes

Katiejane13uk wrote: »

I have set up national leasehold campaign Facebook group.

Do.not buy ANY leasehold property. It's a national scandal.

MP's describe it as legalised extortion and the next PPI scandal.

It's a mess.

Developers will sell your freehold onto greedy 3rd party investors and then u become someone else's long term investment. Don't do it. !!!

I think I beat you to the warning and pointed them at your page too! Good luck, I think a lot of people are watching how this is developing.

ceminem

Katiejane13uk wrote: »

I have set up national leasehold campaign Facebook group.

Do.not buy ANY leasehold property. It's a national scandal.

MP's describe it as legalised extortion and the next PPI scandal.

It's a mess.

Developers will sell your freehold onto greedy 3rd party investors and then u become someone else's long term investment. Don't do it. !!!

To tell people not to buy any leasehold home is responsible, some people know what they are signing up for and RPI linked ground rent reviews are not as onerous as say doubling clauses.

As always people should do their own research and if they accept the terms then its down to them rather than you telling them not to do it.

ReadingTim

1. research poor build quality of new builds, and the various compensation schemes many developers have had to instigate to affected customers
2. research the developing scandal that is leasehold property sales
3. research the downsides to help to buy and other such schemes
4. research the amount and proximity of the affordable/social housing element of the development to your plot
5. visit the showhome with a tape measure and realise your normal sized furniture won't fit
6. buy an already built property on an existing street where you can see what you're buying, where you're buying it and next to whom you're buying it