The decision to ‘buy new’ is an easy one for many Pennyfarthing homeowners. However, we recognise the process of buying a new home may seem a little daunting.
Reassuringly it isn’t as complicated as it may seem. We have broken down each step, from your decision to buy new to collecting the keys to your dream new home. We also have helpful Sales Advisers on hand who will be more than happy to offer any help and advice whenever you need it.
Once you have chosen the new Pennyfarthing home you would like to purchase our Sales Advisers will begin to guide you through the next part of your home buying journey.
They’ll give you and our Sales Advisers the thumbs up to proceed. Sometimes they may require further information to get a Mortgage Agreed in Principle.
We can also put you in touch with a New Homes Specialist to answer any further questions you may have.
Should you have an existing property to sell we will need confirmation your home is ‘Sold Subject to Contract’. This is achieved by a short call to your appointed Estate Agent, who will confirm your buyer’s details with us.
Don’t worry, please ask us about the Pennyfarthing Promise: find your dream new home and we’ll take it off the market for six weeks*. You can then focus on selling your existing property.
A formal reservation is made up of a £2,000 Reservation Fee, which forms part of the payment for your new home upon completion^.
This is the beginning of the legal process.
Your Solicitor will guide you throughout your home buying journey and be on hand to answer any questions you may have. We can refer you to a Solicitor if needed.
An Independent Financial Adviser or a Lender will arrange your mortgage.
They will have a list of paperwork for you to complete and supporting documentation to provide. Keep in mind there may be fees involved, but rest assured this will be made clear to you.
This is a great opportunity to ask the Sales Team any questions. As part of this meeting we will explain every aspect of your new home such as the terms of your purchase, layouts and fixtures and fittings.
Options and Extras is our customisation service that lets you add your personal touches to your new home. Depending on the property you’ve chosen and the stages of build, you can choose features such as a selection of wall and floor tiles, additional flooring, kitchen worktops and units and fitted wardrobes.
Simply put, this is where legally you are committed to buying the property and we are committed to selling it to you. It’s a great feeling and know when the times comes, you’ll be super excited.
Don’t worry we are on hand to provide regular updates including information on how the build of your homeis progressing. There are key moments in the construction of your home, where the Sales Teamwill invite you in to start choosing from a range of interior choices. If you get stuck for inspiration our Show Homes are a great place to start. (T&C’s apply).
Notice to complete is where a completion date is agreed between your Solicitor and ours, based on the contract. It is the date when all of the paperwork is finalised in preparationfor your completion day.
When the completion date is confirmed, we’ll arrange a new home demonstration before you move in. Our Sales Advisers will give you the full run through of your property, from how the heating works to where everything is plus they will answer any questions you have.
This is the moment you become the new legal owners and receive the keys to your brand new Pennyfarthing home!
The beauty of buying a brand new home is that you can trust that everything is in excellent working order and just as you imagined it to be. Now’s the time to enjoy adding your furnishings and finishing touches and explore your new neighbourhood.
Giving you peace of mind in your new home. The journey starts with 7 day and 28 day visits to ensure the moving in process has gone smoothly. We will then pass you over to our regional Customer Care Team, who will be with you for the next 2 years.
