Buying a house through New Homes Group Assisted Move/ David Wilson MoveMaker

superfran_uk

Hi! Does anyone have any experience of offering, negotiating and/or buying a property which is being marketed by the New Homes Group Assisted Move service?

We are in a fortunate position to be chain free and have made an offer on a property. It's not the asking price, but it is as much as we can offer and they're aware of this. We have been told that it's lower than they want (we feel the property has been overvalued, but that's by the by) but it's not an outright no - they want to see what else comes in over the next few days. 

Has anyone got any experience of buying (or even selling) through such a scheme? Have you got any tips for negotiating, or any lessons learned that you can pass on? I'm not quite sure how exchange/completion works in such instances?

Also, they want the chain to complete so the sellers can move into a David Wilson new build in the first quarter of next year, which seems quick but doable (in fact preferable) in our circumstances. I don't know how set this is? If you have any experience of being on the selling side, do you think they are likely to bend the timescales if they get a higher offer, or do you think the ability to proceed more important? 

Any anecdotes or experiences welcome. The not knowing is driving me loopy.

Thanks!

superfran_uk

Update: Offer has been unexpectedly accepted! So now it's just navigating the sale process. They 'recommend' we use their solicitors; I take it this is terrible advice?

matthew91822

Yes! I have with the New Homes Group.

I am in the late process of buying a house from a couple moving into care via the New Homes Group. The house was already empty when I viewed/offered. At the time of offer I had no idea it was this new homes group scheme.

I quickly found out that they have very very quick exchange completion requirements which suited me anyway. I had offer accepted on the 22nd October and I'm likely to complete in the next couple of weeks - would have been earlier but waiting for a sale first.

There was one big caveat. The house was already 'purchased' only 3 months ago by a house for cash company that works with the New Homes Group. This meant I had to get a specialist mortgage as most lenders wont lend to houses re sold within 6 months. 

My experience of dealing with The New Homes Group has been very good, they're very up front and reply quickly to queries. I have had to renegotiate after a down valuation and it wasn't a problem. 

I went with the conveyancing they suggested as was a very good quote (£1.1k). They definitely aren't the best and admittedly I should have checked out the google reviews first, but I have not had any direct issues. They do sometime have people sending emails at gone 10pm but maybe that's just a Solicitor thing?

Similarly I went with their mortgage advisors which have been very good so far - great reviews online. 

raducic1989

Can i ask what percentage lower did you get the offer accepted? I am currently negotiating with DWH.

matthew91822

raducic1989 said:

Can i ask what percentage lower did you get the offer accepted? I am currently negotiating with DWH.

2% under. I'm happy with personally.

superfran_uk

matthew91822 said:

Yes! I have with the New Homes Group.

I am in the late process of buying a house from a couple moving into care via the New Homes Group. The house was already empty when I viewed/offered. At the time of offer I had no idea it was this new homes group scheme.

I quickly found out that they have very very quick exchange completion requirements which suited me anyway. I had offer accepted on the 22nd October and I'm likely to complete in the next couple of weeks - would have been earlier but waiting for a sale first.

There was one big caveat. The house was already 'purchased' only 3 months ago by a house for cash company that works with the New Homes Group. This meant I had to get a specialist mortgage as most lenders wont lend to houses re sold within 6 months. 

My experience of dealing with The New Homes Group has been very good, they're very up front and reply quickly to queries. I have had to renegotiate after a down valuation and it wasn't a problem. 

I went with the conveyancing they suggested as was a very good quote (£1.1k). They definitely aren't the best and admittedly I should have checked out the google reviews first, but I have not had any direct issues. They do sometime have people sending emails at gone 10pm but maybe that's just a Solicitor thing?

Similarly I went with their mortgage advisors which have been very good so far - great reviews online. 

We've gone with a different, local solicitors - I have a horrible experience of just going with the EA recommended one. It made me laugh when TNHG contact said that the particular solicitors we picked weren't a fan of the scheme - that is GOOD. I'm paying them to work in my interests and be sceptical and pushy not to do everything the vendors ask!

matthew91822

superfran_uk said:

We've gone with a different, local solicitors - I have a horrible experience of just going with the EA recommended one. It made me laugh when TNHG contact said that the particular solicitors we picked weren't a fan of the scheme - that is GOOD. I'm paying them to work in my interests and be sceptical and pushy not to do everything the vendors ask!

Oh yeah lessons will be learnt. So far they have been at least acceptable if a bit robotic. Getting to the final stages of exchange now so we will see how it goes.

superfran_uk

matthew91822 said:

superfran_uk said:

We've gone with a different, local solicitors - I have a horrible experience of just going with the EA recommended one. It made me laugh when TNHG contact said that the particular solicitors we picked weren't a fan of the scheme - that is GOOD. I'm paying them to work in my interests and be sceptical and pushy not to do everything the vendors ask!

Oh yeah lessons will be learnt. So far they have been at least acceptable if a bit robotic. Getting to the final stages of exchange now so we will see how it goes.

Good luck! After a week of worry and then a few days of administrative bedlam, everything's gone a bit quiet now but hopefully once the mortgage details come in everything will get rolling quickly. I imagine they'll want exchange quickly with a potential completion date a few months off - which comes with its own risks but hopefully the solicitor will help us navigate this!