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Buying a new home on an existing plot
Jimbomcmucka
Posts: 4 Newbie
Hi
I have a question about buying a new build, on an existing plot. A local builder has purchased a house with a large plot. He is renting the house and has built a new property in the side garden.
I have read a lot of articles about new builds, snagging, warranties etc. But these articles are all referring to new builds in larger developments. So my question is: if buying the property, would I expect any form of warranty, or should I expect to be able to report snags to the builder? ... Or, would this in essence be the same as buying a existing 'second hand' property?
My girlfriend and I love the house and are planning to offer, so any advise or insight to potential issues is appreciated!
Thanks in advance.
James.
I have a question about buying a new build, on an existing plot. A local builder has purchased a house with a large plot. He is renting the house and has built a new property in the side garden.
I have read a lot of articles about new builds, snagging, warranties etc. But these articles are all referring to new builds in larger developments. So my question is: if buying the property, would I expect any form of warranty, or should I expect to be able to report snags to the builder? ... Or, would this in essence be the same as buying a existing 'second hand' property?
My girlfriend and I love the house and are planning to offer, so any advise or insight to potential issues is appreciated!
Thanks in advance.
James.
0
Comments
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There should be a NHBC 10 yr guarantee or similarIf you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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It would be exactly the same as buying on a larger development.Everything that is supposed to be in heaven is already here on earth.
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Thanks for the responses.
So, is it a legal obligation for the builder to provide a warranty / insurance against defects? Whilst I have read up on the differing types of policies, nowhere explicitly states what the builder will be obliged to provide.
Thanks again for your guidance.0 -
There is no legal obligation to have a warranty on a house. I am self building and I have not bothered. BUT without one you might have trouble getting a mortgage so might have trouble selling it. So a builder building it to sell would be pretty stupid not to have a warranty of some form in place.
Just ask him for clarification.0 -
Great, thanks everyone. Much clearer now.
I was asking the estate agent today at our viewing and they were clueless!
I will probe further.0 -
I!!!8217;d also look at a professional snagging service, money well spent0
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It would be unmortgageable without either a recognised warranty, or (possibly) being certified as having been supervised by an appropriate professional - see the CML Handbook for more info:
https://www.cml.org.uk/lenders-handbook/englandandwales/#C89220
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