Some new houses are being built in a town/village nearby.
As a 1st time buyer I have limited knowledge in mortgages & haggling when buying an already built home, however are things different when buying off plan?
For example, me and the gf go into the building site office this weekend, and before paying a £500 reserve fee or whatever, I have a few questions:
Do you pay the mortgage back only when you get the keys and moved in?
Do we arrange the mortgage now ready for completion (could be 12 - 18 months time when the houses are complete)?
Is there quite a bit of potential to haggle? i.e. a fair chunk off the price, better spec'd kitchen etc etc?
I would love to get feedback from those on here who have experience of buying a brand new home!
Cheers
Graham
As a 1st time buyer I have limited knowledge in mortgages & haggling when buying an already built home, however are things different when buying off plan?
For example, me and the gf go into the building site office this weekend, and before paying a £500 reserve fee or whatever, I have a few questions:
Do you pay the mortgage back only when you get the keys and moved in?
Do we arrange the mortgage now ready for completion (could be 12 - 18 months time when the houses are complete)?
Is there quite a bit of potential to haggle? i.e. a fair chunk off the price, better spec'd kitchen etc etc?
I would love to get feedback from those on here who have experience of buying a brand new home!
Cheers
Graham