The Home Buying Process with Anwyl
Here’s what to expect from your home buying journey with Anwyl.
Jump to:
- Step 1. Choosing a new build
- Step 2. Apply for a mortgage`
- Step 3. Reserve your new home
- Step 4. Meet the builder
- Step 5. Personalise your home
- Step 6. Appoint a property solictor
- Step 7. Inspections
- Step 8. Exchange contracts
- Step 9. Your home demo
- Step 10. Move in day
- Step 11. Aftercare
By your side every
step of the way
Whether you’ve bought a home before or this is your first, you might be wondering what the process looks like. Find out exactly what to expect and start the countdown to owning your dream home.
Step 1
Choosing a new build
The first step of every house buying process is finding the right property for your needs.
Whether it’s upsizing, downsizing or simply moving because of work, you want to be able to find what’s best for you. This is why we offer a large range of housing choices on each of our developments, trying to tick all the boxes for every possibility.
Feel free to browse and enquire as soon as you have found something you like!
Step 2
Apply for a mortgage
If you can’t afford your house outright, you will need to apply for a mortgage, which is arguably the biggest financial commitment you will ever make.
Choosing the right lender for you is key, and that’s why we recommend contacting an Independent Financial Adviser (IFA).
They will sit down with you and discuss your current circumstances to determine how much you can borrow and repay monthly. They will assess a wide range of potential products and may have access to deals you might not be able to get on the high street!
And if you’re struggling to find an IFA, we can put you in touch with one of our recommendations, who can advise you and make the process a lot easier. Please speak to your Homes Adviser for more details.
Step 3
Reserve your new home
This is what we call the pre-reservation stage when you will be shown details of the appearance and location of the new home you have chosen.
You will also have to complete a reservation form and pay a reservation fee of £500 to secure the property. This is a very important step because until that amount is paid, there is nothing stopping somebody else from swooping in and snapping it up.
Once your reservation fee has been paid, your new home will be reserved for a period of around six weeks before the expected contract exchange date. The reservation agreement will set out the key terms of your home purchase, including the reservation period, purchase price and other very important information.
We must point out that to pay your reservation fee, you must be able to go ahead with the purchase of the entire property. This means that if you have not sold your current home or aren’t able to get a second mortgage, your reservation fee cannot be paid.
During this six-week period, your new home will be taken off the market and will not be subject to an increase in price. The reservation fee and deposit are then deducted from the final price of your home.
To reserve your new home, simply make an appointment with a Homes Adviser.
Step 4
Meet the builder
Have a cuppa with your friendly Site Manager and learn all about how we’re building your new home. This is the perfect time to ask as many questions as you like about the property you have secured.
It doesn’t matter if you want to know more about the shape of your garden, how the sprinklers work or where your boiler will be… That’s what this meeting is for!
However, if you forget to ask something during this initial meeting or have another question down the line, rest assured that they will also be available to answer them at any time throughout the entire house buying process.
Step 5
Personalise your home
This is the fun part! As we build your home, you can customise everything from your kitchen units to your work surfaces to your bathroom fittings.
We understand that everyone has a different budget, and we make sure to cater to every need, whether you’re a First-Time Buyer or are on your fourth home and know exactly what you want.
Our Anwyl sales lounges give you the perfect opportunity to see everything in a relaxed environment, and personalising through us will also guarantee everything is ready on your moving-in day, taking away any worries you might have about any works being done in time.
Step 6
Appoint a property solicitor
Once you have reserved your property, it’s time to appoint your own solicitor, who will deal with all the legal formalities of the property purchase, including completion. This legal process is called conveyancing.
If you are unsure where to find a solicitor, there is no need to worry, as we work with an experienced panel of solicitors and can always recommend one.
After you have appointed them, they will deal with our legal team to arrange the contracts and complete any administrative work associated with the transfer of land from us to you.
This involves carrying out local authority and land registry searches, as well as organising property surveys, which all help in reaching the final stage: the exchange of contracts.
Any necessary arrangements, such as surveys or matters involving the handover, can be made by contacting our homes adviser.
Remember to ask plenty of questions!
Step 7
Inspections
Once your new home is all finished, it will be inspected by either a National House Building Council (NHBC) inspector, who will then issue the property with a Build Mark Cover Note and send it over to your solicitor. This is to ensure that everything is up to scratch and fit for warranty and insurance.
His notice period will allow your solicitor to arrange for the monies to be made available, and, if applicable, this would be the time to request your Building Society or Bank Surveyor to survey your house as the final step before releasing any funds.
Step 8
Exchange contracts
This is the final big step!
During the reservation process, we will have advised you of an anticipated completion date in writing, which is when the contracts are exchanged.
Of course, things can change, and that’s why we recommend that you keep in contact with our home adviser regarding the progress of your new home.
However, once all the legal work is complete, your chosen solicitor will be ready to exchange contracts, which is when a deposit will need to be paid (normally 5%), and you fully commit to the transaction taking place.
Once this exchange is done, the sale is legally binding, and neither side (you or us) can change their mind without the agreement of the other.
Step 9
Your home demo
After the contracts are exchanged, we will arrange for you to visit and take a first sneak peek of your new home, giving you a chance to step inside of it for the first time!
Your site manager will walk you through everything, showing you how to get the most out of your new living space and the best ways to take care of it.
Remember to ask as many questions as possible, but you can also find some answers on our Home Demonstrations page, where useful video guides about some of your house amenities are available to watch.
Step 10
Move in day
This is the moment you’ve been waiting for! With all the paperwork and legal stuff out of the way and the property paid for, the keys are in your hands!
You will now be free to unload that van and move into your property, putting everything you own where it needs to go to make your new house your new home.
Just remember to take a quick break from unpacking all those boxes to let us know if you’re happy with everything.
Step 11
Aftercare
Just because you’ve moved in doesn’t mean we go away.
Our dedicated Aftercare support team is here to assist you with any questions or concerns that may arise. Whether you need help understanding the features of your new home, require assistance with warranty-related matters, or encounter any issues with the property, our team is on hand to help with any queries