New-build property purchases

New-build property purchases

The purchase of a new-build property typically follows a more complex process than transactions for an existing property, as there are a range of additional matters to consider. The timescales for exchanging contracts are tighter, stamp duty rules may differ and a purchase commitment may be required prior to the build of your property.

For this reason, it is important to have lawyers on board who are experienced in this complex area of law, with full expertise in purchased new-built properties to ensure you gain full legal ownership of your new-build home and to check that the documentation does not contain adverse provisions.

At Sherrards, our residential property team has the experience, coupled with a dedicated approach, to manage new-build property transactions from reservation to completion.

With local property knowledge and strong relationships with local developers, our expert property solicitors are able to assist with all leasehold developments and freehold purchases. Whether you are purchasing, part-exchanging or tying in the sale of an existing property to your new-build, our team are here to make sure the process goes as seamlessly as possible.