New Build Homes

ServicesRentals
Many of our international homebuyers and investors prefer to purchase off-plan properties in brand new residential developments in and around central London. According to recent market researches almost half of new build flats in London are bought by foreign buyers.

 

LondonDom.com is an appointed agent by some of the most prestigious and also some niche developers, including Berkeley Homes, St George, St James, Barratt, Mount Anvil, Redrow and others. We helped them to launch and market their developments and projects internationally. Our multilingual London based team has all the necessary information and data, and is in a position to offer to our buyers exclusive access to the most attractive residential schemes at the very early stages.

 

If you are interested in investing in new build off plan residential property in London please talk to us first.

 

GUIDE TO BUY AN OFF PLAN NEW BUILD:

 

  • Source a suitable development and property with LondonDom.com
  • Complete a reservation form (our adviser will be happy to assist)
  • Buyer puts down a reservation deposit, which may be partly non-refundable, and provides their solicitor’s details. LondonDom.com can recommend a panel of solicitors in case the buyer doesn't have one.
  • Solicitors for the developer and purchaser will process paperwork and proceed to an exchange of contracts which must formally take place within a specified period after the reservation - normally 21 days.
  • When exchanging contracts, the solicitor will ask for a deposit which is usually 10% of the asking price. This is a legally binding contract and once the contracts have been exchanged, the property is secured for the purchaser.
  • When making an off-plan purchase the completion date may be many months or even years after contracts have been exchanged. As the completion day approaches, the developer will keep the buyer informed as to the progress of the construction. Formal ‘notice to complete’ will be served by the developer’s solicitors, usually around 2 weeks before completion.
 
 
 
 

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