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Buying a New Build with Bellway Homes & When to Sell My House
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A reservation fee is you taking the house off the market, the deposit is you committing to the sale. Id be surprised if a developer with a long que of people behind you wanting a house would accept a reservation fee as a deposit. I remember my parents back in 2000 having to find a deposit for a new build in between the sale of their house.mojo293 said:Cheers for the replies.
I guess what I was aiming for was having an offer accepted on mine and it being SSTC, and then a developer accepting a 'Reservation fee' rather than a deposit. Someone at work managed to do that with Barratts.
Next step is basically I need to speak to the Developer (initially Bellway) and see what the options are. Some may be out of the picture, but some may offer the options I need, if they have appropriate propreties.
Thing is, the way the house market is, they probably don't need to do buyer like me a favour with added complications/potential delays, as there'll be another with the cash at hand or a FTB along straight after.0
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