Purchasing a new build property differs from buying a typical house. As well as getting a power performance certificate your solicitor should find out the following information regarding the land before the sale goes ahead:
Access – you will need a great right of access to the property and you shouldn’t have to pay for extra towards road maintenance. Normally an agreement is formed between your website developer and the local authority (under s.38 Highways Act 1980). Under this agreement your website developer is responsible for 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 find out if any conditions have now been attached to the grant. If the permission is combined with conditions (as they often are) you need to check that the developer has abided by these.
Building regulations – building regulation consents have to be obtained by the developer for the property. Building regulations provide a set of standards for the construction industry to stick to regarding the usage of certain materials and the strategy employed. New Apartments Spain The neighborhood authority has an unlimited retrospective time frame to enforce building regulations and there might be hefty fines involved if the consents were not obtained.
What else is needed before the exchange of contracts?
Your conveyancing solicitor will draft a contract of sale for you. The contract should contain provisions that make sure that the property is finished to the agreed standard by completion. A typical example of something that’s normally agreed upon between the parties is easement and covenant rights for the property. You must attempt to ensure that these rights incorporate; a right of access, a right of way, a to sewerage, water and drainage and a right of usage total pipes and cables for utilities.
Although not contained in the contract, the following agreements ought to be obtained generally to guard purchasers of new builds. These could be particularly relevant if buying a property off-plan:
Structural guarantees – a structural guarantee ought to be written by the developer and/or his building contractors. Which means that if unfortunately the property suffers structural problems, you have the ability to seek compensation. A structural defect does not only cover the external composition, but in addition internal problems such as for example bad plasterwork and decoration.
New building insurance – like the NHBC Buildmark scheme. Insurance similar to this will cover any problems the property has for 10 years.
It can be advisable where possible to obtain a certificate of approval from an expert supervisor present on site (such while the architect); this person should manage to guarantee the property’s structural quality.
Given the differences in purchasing newly built property, it is specially important that after choosing your conveyancing solicitors, you pick solicitors who have particular specialist connection with buying new build property.