How to buy a new build home

Step one - Assess your affordability

Begin by consulting an independent financial advisor (IFA) to determine your budget for purchasing a new build home. To get an idea of your estimated monthly mortgage repayments and establish affordability, check out our mortgage calculator.

Step two - Reserve your new build home and pay your reservation fee

The reservation process is carried out with the sales executive at the Tilia Homes development you’ve chosen to buy on. Your reservation fee will be held on file and deducted from the final purchase price at point of completion.

Should you cancel your reservation after 14 days, Tilia Homes will reimburse your fee, minus any reasonable costs and expenses that have been incurred during the process. You will get a full refund if you cancel within 14 days.

Step three - Instruct a legal representative

The instruction of your legal representative should take place immediately after you have reserved your new Tilia home, the details of which are to be submitted to the sales advisor. This legal representative will undertake all the legal formalities and look after your interests throughout the house buying process.

Step four - Provide the necessary documentation

Supply your legal representative with any draft contracts, conveyance plans and any other information needed for your chosen Tilia Homes plot.

Step five - Submit a mortgage application

By now you will have been in contact with a financial advisor to discuss your affordability and suitable new build mortgages, but now you’re required to formally submit your mortgage application. This application will be specific to the property you are now purchasing. Please keep the Tilia Homes sales executive informed of the progression of this process.

Step six - Conduct a survey

When applying for your mortgage you will have paid your valuation fee. After the application has been processed, an appointment will be made for the surveyor to come out and value the new build home that you are purchasing.

Step seven - Get a mortgage offer

Once the survey has been carried out, your mortgage offer will be issued. You will need to check this offer, sign it and return to your mortgage provider. Please ensure that both your legal representative and the onsite sales executive are aware of this.

Step eight - Sign your contract

You will discuss the terms of the contract with your legal representative and determine how your deposit monies will be paid upon exchange of contracts, as well as upon completion. You will sign the contract documents in preparation for exchange.

Step nine - Exchange contracts

Your legal representative will exchange contracts and transfer the house deposit to our solicitors. At this point both parties are legally bound by the terms of the contract and your house deposit will be protected from exchange to completion by the NHBC Buildmark Cover. You will receive two years warranty cover from Tilia Homes and insurance cover from NHBC until the end of the policy.

Step ten - Complete your purchase

Upon completion the remaining funds will be transferred to the developer and your keys to your new build home can be released. You now legally own your new Tilia Homes property.

Your new home is then yours to enjoy!