At Westcourt Homes we want to make your move as stress free as possible. Below is our tailored step by step process so that you can start your next chapter as quickly as possible:
Step 1. – Your Mortgage
If you do not already have a Mortgage in principle arranged, our sales advisory team have their own Independent Financial Advisor who will be pleased to provide information on the various mortgage products and offers available from different lenders. When you have decided on your mortgage provider and submitted the necessary application forms, please keep your Sales Advisor informed on the progress of your application.
Step 2. – Reservation
When you have decided on your new Westcourt home, you can reserve this by to completing a reservation form and submit it to us together with a non-refundable reservation fee. The reservation form will be completed with one of our dedicated sales advisors. Once complete the home you have selected will be designated as “under offer” for an agreed period. This normally gives enough time to arrange Steps 2 & 3 ready for the exchange of contracts to be completed and ensures that you will secure your home at the agreed price. Our sales advisors will at this time assist through the remaining steps.
Step 3. – Solicitors
As part of your reservation, you will be asked to provide details of your chosen Solicitors. Most solicitors will advise you of the likely costs (including stamp duty) involved in the purchase of your new home. It may also be a good idea to ask friends and acquaintances for their experiences; the lowest cost may not always be the best option. Your solicitor will contact our solicitor to request a draft contract, which provides all the information on your new home. Your solicitor will also carry out a number of other important activities, including Local Authority Searches and registration of your ownership with the Land Registry.
Step 4. – Exchange of Contracts
When you have received your mortgage offer and all parties have agreed the contract, copies of the contract, signed by you and Westcourt Homes, will be exchanged. A further deposit will be paid at this point. Completion of the exchange of contracts legally binds you and Westcourt Homes to the property transaction.
Step 5. – After the Exchange
Your new home may not be ready to move into immediately after exchange. However, we will keep you informed of its progress on a regular basis. When your new home is nearing completion, we will advise you of the anticipated completion date and agree a date when you can move in. Shortly before you move in, Westcourt Homes will undertake a thorough inspection of your new home to ensure it meets our own high standards. You will also be asked to visit the property to inspect for yourself. If there are any items, which you feel require attention, please supply a list to our Sales Advisor who will arrange for them to be dealt with prior to completion.
Step 6. – Completion
The final stage in the purchasing process is the completion. When our solicitors have received the balancing funds for the purchase, you will have completed the purchase of your new home. You will then be able to collect the keys from our sales advisors office.
We gladly offer the government backed Help To Buy scheme on all our qualifying homes. Combined with Stamp Duty reform, buying a new home has been made more affordable. The scheme can provide you with the option to purchase a new home with a 5% deposit.
Buy a new home with 5% deposit.
This scheme allows you to own 100% of your home and only pay 80% of the price upfront. You provide the 5% deposit and the government will lend you up to 20% as an equity loan. You can then apply for a mortgage based on the remaining 75% of the house price.
The equity loan is interest-free for five years and the scheme is available on new build homes up to the value of £600,000.