Purchase of New Build Property
Pricing
We know how important cost is when deciding who to use for your conveyancing, so we review our fees on a regular basis, taking into account clients' feedback, so we can make sure we always offer great value.
We offer a very competitive package for our new build clients. Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.
Stress-Free Conveyancing for First Time Buyers
Whether you are a first-time buyer or an investor, we are here to take the stress out of buying and selling a home. We will guide you through each step of the transaction and tailor our service to your specific requirements, so you get exactly what you need. When it comes to a property transaction, there are important decisions you need to make, and we are here to ensure that all your legal obligations are met. There are lots of boxes to tick, and we want to assist you in your transaction as quickly and as efficiently as possible.
Purchasing a new build home is a fantastic way of buying your new home without the worry of repairs and redecoration that can often be present in older properties.
The conveyancing process differs greatly from buying a residential property in the standard way and can be a complex transaction requiring advice on planning permissions, planning agreements and warranty schemes. With the added pressures of meeting the developer's strict deadlines for exchange of Contracts and completion, Malcolm C Foy & Co Limited can offer a dedicated, experienced team, ensuring that your transaction progresses as smoothly and as stress-free as possible.
Why Choose Us?
We have an experienced team that understands the stresses involved in a property transaction. Our approach is simple – we provide a first-class service from our expert team who make the difference by taking care of all the important legal details and removing any confusion and uncertainty from the process of purchasing a property. Our team are made up of highly qualified professionals who have the legal and technical "know-how" to resolve any issues as they arise in a professional and efficient manner.
We also recognise that communication is key, especially where there are complex issues to deal with, so we will ensure you are always kept up-to-date and get answers to your questions in plain English.
We want you to feel confident that you are a priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. We know property is often the biggest investment you have, so we want to offer a reliable, first-class service to protect that investment, while giving you value for money with no hidden fees.
We are proud to hold the CQS Accreditation, issued by the Law Society. This involves the firm undergoing a rigorous audit process, which ensures we maintain high levels of client care.
Disbursements & Stamp Land Duty Tax
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
For your stamp duty tax, this will depend on the purchase price of your property.
Time Scales
On reservation, the developer will usually require the exchange of Contracts within 4 weeks. Some developers are able to offer an extension on this depending on the circumstances of the transaction.
For any new build transaction, the timescales are subject to change depending on:
- Number of parties in any chain
- Whether you have a mortgage in place
- The timescales given by your developer at the reservation
- Whether you are using the Help to Buy Equity scheme
A typical transaction can take around 6 weeks to reach exchange of Contracts, with the completion date being when the property is built complete. It is possible to achieve exchange of Contracts earlier than this, and most developers set a reservation period of 4 weeks to achieve exchange of Contracts. However, if any of the above apply, or there are other factors we need to take into consideration, it may increase the time by a further 4-6 weeks, and additional charges may occur.
We will discuss this with you at the earliest opportunity, so you always have a clear picture of how long things are likely to take.
Our property team
Our property team have over 15 years' experience in handling new build transactions. Donna Moore is a Licensed Conveyancer and Head of Department for the new build team.
Donna Moore - Licensed Conveyancer
Donna is Head of Department of the new build team and has over 15 years' experience in conveyancing transactions. Donna has been part of the Malcolm C Foy & Co Limited team for 18 years and is recommended by a number of developers and clients. Donna is experienced in all matters of conveyancing, including freehold and leasehold purchase and sale transactions, the Help to Buy Equity Scheme, the Forces Help to Buy Scheme and the Help to Buy ISA Scheme.
Donna is assisted by Kelly Jones & Annette Parkin
Jessica Brooks - Conveyancing Executive
Jessica is a Residential Conveyancer and works within our New Build Department based at our Doncaster branch. Jessica has worked within the Conveyancing industry for over 15 years and has recently returned to our firm, having excellent relations with many regional builders, and comes highly recommended by these. Jessica is assisted by Annette Parkin and Morgan Rumney.
Key Milestones
With every transaction, there are key milestones, which may vary according to individual circumstances. They may be as follows:
Andrea Pashley
Notary Public, Senior Director and Head of Family
