With the recent Stamp Duty holiday and upcoming changes to the Help to Buy Scheme, many first-time buyers are eager to get onto the property ladder. In the Autumn 2018 budget, then Chancellor Philip Hammond announced caps on the value of properties eligible for the Help to Buy scheme. These caps limit the amount an individual can borrow under the scheme, making it important for buyers to be aware of the financial implications before committing to a new build property.
New build conveyancing can be more complex than buying an existing property, as it involves a range of unique factors. From understanding the developer’s terms and conditions to navigating warranties and dealing with delays in construction, there are several things first-time buyers should consider before proceeding. Ensuring that the property meets all legal requirements, and that you are fully aware of any associated costs, is crucial to avoid complications down the line.
At Farani Taylor, we specialise in new build conveyancing and are here to guide you through every step of the process. Our expert team ensures that you understand all legal aspects involved, from the initial offer to finalising the purchase. We also ensure that your transaction is compliant with both UK law and any relevant schemes such as Help to Buy or shared ownership.
Whether you are a first-time buyer or looking to invest in a new build property, Farani Taylor is the best choice for reliable, expert legal advice and support. Contact us today to discuss how we can help you navigate the new build conveyancing process with ease and confidence.