Reserving your dream home
When you’ve found the perfect new Keepmoat home for you, one that ticks all the boxes, it’s time to reserve it. Relax. It’s easy and you can do it from just £250*.
Here’s how it works.
Step 1. Reservation
Once you’ve chosen the home for you, your sales adviser will guide you through the reservation agreement. You’ll need to pay a reservation fee - this could be as little as £250* and makes up part of your deposit. It also means, subject to contracts and meeting the timescales in the agreement, the home is yours at the price agreed.
Now’s a good time, if you haven’t already, to ask us about how the Government-backed Help to Buy scheme can make buying your dream home more affordable. And if you’ve got a home to sell, our Easymove scheme could make moving easy as we’ll arrange an estate agent and even pay their fees.
Step 2. The mortgage and legals
If you need a mortgage and haven’t already arranged one, you’ll need to do so quickly. We can give you the details of some reputable independent financial advisers and solicitors if you need a little help. If you have any questions about mortgages, what your solicitor does and the costs involved with buying a new home be sure to visit our relevant web pages.
Step 3. Exchange of contracts
About four to six weeks after reservation (depending on the build stage of your new home) and if all the mortgage and legal documents are in place, we’ll exchange contracts.
At this point you’ll need to pay the balance of the deposit and the whole transaction becomes legally binding. Please remember that if your deposit is in an account that you need to give notice of withdrawal, make sure you let the bank know well in advance to avoid having to pay any penalties.
Step 4. Build completion
It’s great to see your home taking shape and many of our customers love to see their home during construction. We never forget that it’s your home and providing it’s safe to do so, your sales adviser will be able to arrange this for you.
Usually around five to six weeks before your home is finished we’ll get in touch to let you know of your legal completion date. This is normally within 7 – 14 days of construction ending. Your home will also undergo thorough quality inspections, both internally and externally, to ensure that it meets our quality standards. It will also be subject to several inspections by the National House-Building Council (NHBC).
Around this time we’ll invite you to a home demonstration to familiarise yourself with your new home. During the demonstration we’ll show you everything from how to work your heating system and appliances to the location of your fuse box.
Step 5. Legal completion - the final step
You’re nearly there. Legal completion is the final step. This is when your lender releases the funds to pay for your home. This is all done through your solicitor.
If your new home is already built when you make your reservation, completion will be as soon as possible after the exchange of contracts. In either case your solicitor will arrange for funds to be transferred to us. We’ll then provide them with the title deeds of your home and register you as the home owner with the relevant utility companies. We’ll also take meter readings on the day of legal completion.
If you need access to your home the day before completion, for carpet fitters, delivery of white goods etc., it’s no problem. You’ll just need to sign an indemnity form and make sure your insurance is in place.
Don’t forget, we’re always on hand to help you every step of the way. And we’ll do whatever we can to make sure you can move in and start enjoying life in your new Keepmoat home and as soon as possible.
*Reservation fee is regionally or development specific and may be higher in some areas. Please speak to your sales adviser to confirm your reservation fee.