Tag Archives: Buying

Buying a New Home?

This isn’t really specific to Abbotts Walk, but some thoughts about going about buying a New Build Home having now been through the process:

DO your research

A house will probably be your largest ever investment. It definitely pays to spend the time researching what you can about this investment. The only person with only your interests at heart is likely to be yourself!

Examine any plans carefully, the local authority may even have the plans that were submitted and approved online.

Check any Section 106 / adoption agreements to know what payments have been agreed to the council for what service provision. Will the road be managed by highways or will you have to pay a management company to look after it. Similarly with drainage and other utilities.

Check wider plans for the local area. One development we looked at had early plans in progress for an ‘Energy Station’ that would be incinerating household refuse from across the county less than a km away. The energy company claim that the temperatures would destroy any odours, but we certainly weren’t going to take the risk.

A useful website to start: Snagging.org

DO use a camera/smartphone

It’s very easy to get overwhelmed with information when looking at buying property, so it can be a good idea to have a camera to take photos you can refer back to in your own time and also compare if you’re looking at different developments.

You may even ‘get away with taking photos of the plans. Our plans were whizzed in front of our noses during one meeting, that we probably had less than 15 minutes with them. Would you remember where that plug socket in the kitchen is, where the radiators are placed/connected.

DO keep records

Make notes along the way of calls and conversations. You may never need to refer to them, but will be glad to have the records if you do.

Email is a good way of having a written record. I tended to follow up key telephone calls with an email back to the sales office, summarising anything that had been agreed

DO read the restrictive covenants

Most developments have restrictive covenants which limit what you can do with your property. Do you need a transit van for work? You may find there’s a restriction on light goods vehicles being parked on site.

You might also want to get written agreements for variations up front, e.g. does a shed count as a temporary building or need permission from the management company. Or permission for a conservatory, even if you might not build it for another 5-10 years.

DO get a professional to ‘snag’ the property

The final stages and moving are always going to be hectic. It’s worth ‘offloading’ the snagging to a third party who can concentrate purely on inspecting the house, can see it without rose tinted spectacles and knows what to look for or not. Personally, the cost seems relatively small to the overall investment. Particularly, once you’ve done your research and read all the horror stories.

DON’T use the developer’s recommended conveyancer

You want to make sure the conveyancer is acting in Your interests and not in the ‘pockets’ of the developer. Not that they necessarily are, but do you need that nagging doubt. The developer cannot force you to use their professionals (refer to the Consumer Code for Homebuilders)

DON’T think the sales person is your friend

There’s nothing wrong with being friendly and personable with the sales person, but remember their interest is in selling the house, meeting their numbers and getting their commission/bonus. You’ll only be dealing with them for a set and relatively short period of time.

Conversely, if you can’t get on with the sales person, see if there is someone else you can talk to. Most sites have multiple sales people, particularly if they’re open 7 days a week. We refused to deal with our first sales person when it seemed like he was doing us a favour by selling us a house.

DON’T sign anything without reading and understanding what you’ve agreed

Sounds obvious, but it can be hard sometimes when you’re sitting opposite a sales person who is just waiting for you to sign the bit of paper. Make them wait!

DON’T be fooled by the Show Home

If they’re smart, the show home should be their best work and pristine. Some developers use various interior design tricks to make spaces look larger, e.g. toddler beds in children’s rooms, ¾ size sofas, etc.

That said, we also saw a show home where the quality of the joinery was horrific, skirting seemed to consist of filler and the shower tray surround was falling off.

The show home may also have options, that aren’t standard fitment, e.g. chrome switches, additional tiling. These should be marked/flagged as options in the show home itself so you may be able to complain if they’re not on your home when you were expecting them. You did take a photo right?!

DON’T get too down!

10s-100s of thousands of new homes are built each year. You’ll have read the horror stories and complaints on the internet forums. It’s hard to know how many other silent sufferers are out there and how many people have been satisfied with their new homes. There definitely are horror stories, and the best thing is to be aware and informed. So you know what to look out for, what to expect and how to deal with things if and when things aren’t quite right.

DO enjoy your new home, you’ll have earned it.

Buying a New Home isn’t always the ‘walk in the park’ people think it might be. They are built by human beings in the elements, not by robots in a controlled factory, so there will ‘normally’ be some things that aren’t quite right. Hopefully, with a good developer and site, it will just be superficial things and they’ll deal with it professionally and promptly.

The story so far… (in summary!)

We were already starting to look at houses when the UK government announced the “Help to Buy:Equity Loan” scheme, which meant we could get a better mortgage interest rate and hence more for our money. So we decided to jump on the bandwagon before the market reacts too much and prices go up as demand increases. New builds in Surrey are silly money (or virtually on top of the M25 or rail lines) so looked further afield to Hampshire in Winchester and Micheldever.

The Micheldever development had a few too many uncertainties, the main one being a waste powered electricity plant being potentially built down the road. The only development of note in Winchester at the time is Abbotts Walk by Redrow, on the Worthy road towards Headbourne Worthy. Having decided the initial home we’d be interested in was too small and availability varying from one hour to the next placed a reservation on a slightly bigger house still under construction.

Grange mortgages were most helpful in getting a mortgage in principle from the Halifax and getting the ‘Help to Buy’ underway.

Appointed a conveyancer using FridaysMove having decided against using a RedRow ‘recommended’ one. Sorry, call me old fashioned, but would like them to look after my interests not to be looking for their next referral.

HomesinHants (aka Radian Group), the Homebuy agent, have approved our HelptoBuy application pretty swiftly given it was one of the first out of the blocks.

The mortgage offer is nearly in place, the application having been chosen for a full underwriting audit, with the valuation now having been instructed and taken place.

The scaffold has now come down off the build and we have been able to visit the plot and house in its final stages of construction.

There are a few more legal enquiries to make but hopefully will exchange contracts in the next couple of weeks.


There’s a lot more detail to some of this than meets the eye, but that will follow!