jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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So me and the Mrs are looking at using the Help To Buy scheme to buy a new build house this year.
Some that we like the look of are going on sale at the end of this month. We dont quite have enough of the deposit together but we are very close.
So i was wondering, to reserve a house is £250. And they say the deposit is normally paid within 28 days of the house being reserved with contracts exchanged etc. I am guessing that is for a an already built house though?
Those of you who have bought a new build, when did you have to pay the main deposit and in what timeframe was it before the house was complete etc
If it is payable when the house is built a few months down the line that would give us enough time to get the last little bit together etc!
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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Reserved in March, paid in June and moved in August.
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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July paid the reserve fee, August paid the actual deposit. They said the house would be ready in February but actual completion was mid December. Luckily had all the money ready just meant Christmas had to be cheaper.
I'm unsure on wether I could have said no to moving in until February as initially told.
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andys sxi
Premium Member
Registered: 19th Jan 06
Location: Chester Drives:Scirocco tdi bluemotion
User status: Offline
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Don't know if it's too late for you buy have you opened a help to buy isa
April 08 feature car
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jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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Cheers folks. Have wondered about that. If it is ready earlier than planned etc etc
Andy, after looking into it. I can only use it for buying a house upto £250k which is not enough in Buckinghamshire. Bit of a joke really!
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djgritt
Premium Member
Registered: 1st Nov 07
Location: Dorset Drives: Focus ST / Hyundai i20N
User status: Offline
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Reserved a concrete foundation in September, exchanged/paid deposit mid October, moved in a week before Christmas.
[Edited on 04-01-2016 by djgritt]
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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They built that quick? Was it a persimmon by any chance?
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djgritt
Premium Member
Registered: 1st Nov 07
Location: Dorset Drives: Focus ST / Hyundai i20N
User status: Offline
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quote:
Originally posted by Nic Barnes
They built that quick? Was it a persimmon by any chance?
Part of their group yeah. Timber frame construction.
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