New-builds have become increasingly popular, having the benefit you are being the first person to occupy the property along with other added benefits such as, a new boiler, kitchen and bathroom.
With new-build properties, you can buy “off-plan” meaning you can sign the contract and secure your plot with a deposit before its even built. The amount of deposit can vary between developers. Investors can buy an ‘off-plan’ contract prior to the completion of the property through “off-plan” Assignment mortgage.
Developers may offer incentives to attract the buyers, such as stamp duty or legal fees paid. On the other hand, the government backed schemes such as Shared Ownership will also help to purchase a new-build.
