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Buying a new build home is an exciting time, offering a blank canvas to create your dream home.
To help you through the new build house buying process, we’ve created the Lancet Homes Buying Guide to help you navigate the journey.
Steps to Buying a New Build Home
- Research - Start by researching your preferred areas in the North West. Look for new build developments online or drive around potential areas. This will also help you identify amenities, transport links, and the type of property you are looking for.
- Sort your finances - Ensure you understand what you can afford and get an AIP (agreement in principle) from a mortgage provider. If you do not have an AIP in place, Lancet Homes can provide details of our recommended financial advisors. Now would also be a good time to review any home buying schemes that may help you move, such as Part Exchange or Assisted Move.
- Choose your development - The Lancet Homes website has key information on available developments and plots. Look for factors like completion dates, property sizes and on-site features to choose the perfect home to suit your requirements.
- Visit a show home - Explore our new homes in the North West and book an appointment to visit one of our show homes. This allows you to experience the layout, finishes and quality of a Lancet Home and speak to our sales advisors. Many of our sales suites are open over the weekend to accommodate your schedule.
- Select your plot - Once you’ve chosen your ideal house type, pick your plot within the development. Consider factors like proximity to entrances, green spaces, or scenic views. Lancet Homes offers online sitemaps on each development page to help you make your decision.
- Reserve your new home - To secure your chosen plot, you’ll need to pay a small reservation fee (meaning it will no longer be advertised) and sign a reservation form to start the purchase process.
- Sort your mortgage and conveyancing - When buying a new house, finalise your mortgage offer and appoint a conveyancing solicitor. They will conduct searches and handle the contracts involved for your home on your behalf.
- Pick your design aspects - Depending on your plot and build stage, you may be able to pick out some design elements of your home, such as a kitchen colour. Talk with your sales advisor to see if any options are available to you.
- Exchange and complete - Exchanging contracts legally binds you to the purchase. This is also when you will pay your house deposit (typically 5-20%, depending on your mortgage). This is followed by completion, which is where the money is transferred, and you receive the keys! Your solicitor will guide you on when this needs to happen and what you need to provide or sign.
- Move in - Then it’s finally time to move in, and you can begin to personalise your new build house. Check with your sales advisor for who your best contact is post sale, and what you can contact them about.
Buy a Lancet Home
The process of buying a house can vary slightly, but this guide provides information on what to expect when buying a Lancet Home.
Lancet Homes offer a range of new build developments in the North West, or speak to our team for more information on what we can offer and how we can help you find your dream new build home.