We understand that buying a new home is one of the most important and exciting financial decisions you are ever likely to make. To help make this process as smooth as possible, we have pulled together some useful information to guide you through the steps of buying your Snugg Home. Our homes are available through:
Setting a budget
As with any purchase, agreeing a budget at an early stage is key. Depending on how much you can afford to spend, it is worth speaking with your bank or approaching an Independent Financial Advisor (IFA).
Reserving your Snugg Home
When you have found your ideal Snugg Home and wish to make a reservation, your Sales Executive will prepare a Reservation Agreement with all the details such us plot number, house type, purchase price and the agreed reservation fee. The reservation fee will form part of your deposit and will be deducted as a part payment from the agreed selling price, if you proceed with the purchase. Your chosen property will be taken off the market. Our Sales Executive will also advise you on the anticipated completion date for your new home.
Reservation agreements are valid for a period of 4 to 6 weeks and your Sales Executive will be able to discuss with you the legal implications of this. During this time, your Sales Executive will supply you with the following important information:
- Information on the development
- Information on your chosen plot such as:
- Description of the boundaries
- Topography i.e. flat or sloping site
- Drainage and services
- Landscaping/garden treatments
- Details about your chosen house type
- Details about any choices you may be able to make (this may be limited depending upon the build stage achieved at the time of your reservation)
- A copy of the Consumer Code for home builders
- Details of your new home warranty
Your Sales Executive will also go through a Pre-Reservation checklist with you, which you will have to sign and date at the time of your reservation. Certain drawings relating to your chosen property shown at this stage may be subject to change. Your Sales Executive will provide you with any revised drawings prior to completion.
Instructing a Solicitor/Conveyancer
Whether you are in the process of selling your current home and already have a solicitor acting on your behalf or your purchase is not subject to a sale, it is important that you appoint and instruct a solicitor to handle the purchase of your new home. You may be asked by your solicitor for a payment on account to cover the cost of searches. Please make the payment promptly so there is no delay with searches. Please also give your solicitor full details of how you propose to pay for your new home and provide the necessary identification papers.
Applying for a mortgage or using personal finances
If you are funding the purchase of your new home with a mortgage, you should contact your mortgage lender or financial adviser immediately. Mortgage lenders require a host of supportive documentation to support your application. Please do not delay in providing this information and going through the application. Once your application form is completed and signed you will also have to pay for a valuation fee. It should be noted that this valuation is for loan purposes only and may not reflect the open market valuation of your home.
If you are using your own money either as a deposit or to purchase the property outright, you will need to arrange for those funds to be accessible.
Our solicitor will prepare the contract and pass to your solicitor accordingly. Your solicitor will then advise you on its contents. The contract sets out the principles upon which we will sell the new home to you at the purchase price. It contains obligations on our part to build the home in accordance with Planning Permission, Building Regulations approval and to provide the warranty. There are provisions regarding our legal title to the land upon which your home is being built, and, where appropriate, obligations on the part of us to construct roads and sewers to the standards required for adoption purposes so as to become public highways and public drains. There are also provisions relating to the payment of the purchase price and for any extras. Once contracts are exchanged the transaction becomes legally binding. You will also be required to pay the agreed deposit. Your solicitor will advise you on the importance of the timing of the exchange of contracts in relation to any property you may be selling. Depending on the build stage of the property you are purchasing, it will also be agreed whether completion of the property is to take place on a fixed date or on 14 days notice.
Make the necessary preparations for your move
As the moving in day approaches, there are certain things you can do to prepare. The list below should give you a good head start but if you still need advise, our Sales Executives are more than happy to help.
Utilities and service providers
Contact your current home utilities providers to let them know that you are moving. You will need to arrange to have your new telephone line connected.
Your home is insured up to legal completion. After this date you will need to arrange your own insurance. You can shop around for the best deal, but please make sure that your insurance is arranged to come into effect on the completion date. We would also advise you to insure the contents of your new home from this date.
Notice to a landlord
If you are living in rented accommodation, you will need to give notice to the landlord of the date you intend to vacate the property.
Removal firmsIn order to ensure the secure move of your belongings from your current home to your new one, you should consider approaching professional removal companies for quotes. Please remember to ask them to include packing boxes or even to price up for undertaking the packing on your behalf. Some companies may be able to help with temporary storage of your belongings if the timing of your move is not co-ordinated on the same day.
Let your doctor and dentist know your change of address and the date of your move.
If you have children and moving to a new area you may need to start looking for suitable schools. Our listings come with a school checker that might be of use.
Two weeks to completion
- Make arrangements for your post to be re-directed.
- Let your family and friends know your new contact details.
- Let your bank(s) or building society know your contact details.
- Make arrangements for handing over the keys to your old home to the new owners.
Once contracts are exchanged and the balance of the purchase has been paid, your Sales Executive will provide you with your keys and your documents pack, containing all the instructions and warranties for your new Snugg Home.