Purchasing a new build property differs from buying an ordinary house. As well as getting a power performance certificate your solicitor should discover the following information regarding the land before the sale goes ahead:
Access – you will require a great right of access to the property and you shouldn’t have to cover extra towards road maintenance. Normally an agreement is formed between your website developer and the area authority (under s.38 Highways Act 1980). Under this agreement your website developer is in charge of the upkeep of the estate roads’until they become adopted (maintained by public funds). The developer will normally take out insurance against your agreement.
Planning permission – your solicitor will check that planning permission has been received for the property and discover if any conditions have already been attached to the grant. If the permission is accompanied by conditions (as they often are) you need to check that the developer has abided by these.
Building regulations – building regulation consents must be obtained by the developer for the property. Building regulations provide a couple of standards for the construction industry to adhere to regarding the usage of certain materials and the methods employed. The neighborhood authority posseses an unlimited retrospective time period to enforce building regulations and there may be hefty fines involved if the consents weren’t obtained.
What else is required ahead of the exchange of contracts?
Your conveyancing solicitor will draft a contract of sale for you. New Villas Spain The contract should contain provisions that make sure that the property is completed to the agreed standard by completion. A good example of something that’s normally agreed upon between the parties is easement and covenant rights for the property. You ought to make an effort to be sure that these rights incorporate; a right of access, a right of way, a directly to sewerage, water and drainage and a right of usage overall pipes and cables for utilities.
But not included in the contract, the following agreements must certanly be obtained generally to protect purchasers of new builds. These can be particularly relevant if buying a house off-plan:
Structural guarantees – a structural guarantee must certanly be given by the developer and/or his building contractors. Which means if unfortunately the property suffers structural problems, you can seek compensation. A structural defect does not only cover the external composition, but in addition internal problems such as bad plasterwork and decoration.
New building insurance – including the NHBC Buildmark scheme. Insurance similar to this will cover any problems the property has for approximately 10 years.
It can also be a good idea where possible to obtain a certificate of approval from an expert supervisor present on site (such because the architect); this individual should be able to guarantee the property’s structural quality.
Given the differences in purchasing newly built property, it is specially important that when choosing your conveyancing solicitors, you select solicitors who have particular specialist experience of buying new build property.