Conveyancing
New Build Property
Award Winning Law Firm | Fixed Fees are available
NewBold Solicitors have a specialist New Build department that focuses on the aspects of residential site purchases or Part Exchanges.
Obtain a quotation for your re-mortgage using our Conveyancing Quote Calculator or see our costs here.
New Build Property
NewBold Solicitors have a specialist New Build department that focuses on the aspects of residential site purchases or Part Exchanges. We work with clients whether they are purchasing from a small development of 5 houses to purchasing from a Plot from large development estate of hundreds of plots.
We offer the best client service at a fixed fee and pride ourselves on being one of the first firms in Wales to complete on Help to Buy matters. We also work closely with Help to Buy departments in England and Wales and have many Conveyancers that have been Accredited by Help to Wales following the introduction of their new system.
We provide excellent advice and reports to clients on matters such as the implications of covenants, rights, NHBC Warranty and other equivalent providers and what they mean.
Costs Information
A fixed fee quotation can be obtained using our Conveyancing Quote Calculator (green button at the top of the page) or by clicking here.
All New Build purchase quotations will consist of legal costs (the costs for the services provided which are subject to VAT (currently 20%)) and disbursements. Disbursements are necessary third party costs such as search costs, Stamp Duty Land Tax/Land Transaction Tax and Land Registry registration Fees etc.
As a standard and generally speaking, our fixed fee for acting in the New Build purchase of a property consists of the following:
- Investigating the title to the property, to include:
- Carrying out searches with respect to title and local government information for the property
- Reviewing replies given by the seller to pre-contract enquiries
- Reviewing the purchase contract
- Reviewing the transfer document
- Advising you in respect of your mortgage offer and Help to Buy (if applicable)
- Preparing a report on title
- Proceeding to exchange of contracts and then completion of the purchase
- Transferring funds by telegraphic transfer to the Seller’s Solicitors and for relevant taxes
- Calculating stamp duty land tax (SDLT) or land transaction tax (LTT) on the purchase and preparing and submitting to HM Revenue & Customs/ the Welsh Revenue Authority the appropriate SDLT/LTT form. Please note that we are not tax experts and are not regulated to provide tax advice. Calculations are based on general guidance only. We recommend that you obtain independent tax advice prior to exchange of contracts
- Obtaining your NHBC or other New Home Warranty documentation
- Registering the purchase and the mortgage or second charge (if any) at the Land Registry
Unless otherwise advised, any quotation is given on the basis that:
- The property is currently held under a single freehold title at the Land Registry with no title defects
- One contract is submitted to one purchaser
- The purchase will be on the basis of an unconditional contract and the property is acquired with vacant possession
- Completion takes place on the date agreed in the contract or within the notice period served by the Developer