Guide to Buying

We know that buying a new home is probably one of the biggest financial commitments you will ever make, and our role is not just building your new home, but doing everything we can to make the process as enjoyable and seamless as possible.

We're with you for every step

The process of buying a new home can seem daunting, but there’s no need to worry. We’re here to guide you through each stage, advise what comes next and make the process of buying a new home as exciting for you as it should be. The first step is deciding if new is right for you.

Step 1

Is new right for you?

There are many reassuring reasons that appeal when buying a new home.

It’s a blank canvas to make your own.

Money worries of unexpected bills are avoided with the 10 year warranty cover (provided by either NHBC or the LABC). The first two years on fixtures and fittings is covered by A.C. Lloyd Homes.

Click here to read more about our superior build quality and finish.

Step 2

How can you afford your new home and get your finances in order?

Stamp duty

Stamp duty is a tax payable on all properties worth more than £125,000 in the UK, new or old, whether you’re buying outright or with a mortgage. Several rate bands apply, and tax is payable within 30 days of completing the purchase of your new home. Use our calculator to find out how much you will pay. Try our Stamp duty calculator >

Mortgage Calculator

With an overwhelming choice of mortgage products on the market it’s important you find the right one for you. Use our calculator to see how much you can borrow and the deposit you’ll need to get a mortgage agreed in principle. Try our mortgage calculator > We can recommend independent specialists who have access to the whole market, and offer their services free of charge.

Help to buy

A government scheme designed for first-time buyers and those moving up the property ladder, allowing you to buy with a deposit as low as 5% on homes up to £600,000.

Read more about to Help to Buy >

Step 3

Don't miss out on your dream home

If you’ve decided on new, and an AC Lloyd home, you’ll need to speak to our Independent Financial Advisor for financial qualification, allowing you to reserve the property. At this stage a reservation fee of £1,000* is payable. 50% is refundable if you decide you no longer wish to proceed.

* £500 with Help to Buy.

If the property hasn’t yet been released for sale then we can sometimes offer an Early Bird reservation. Just speak to our sales team.

Step 4

What's next?

We take the property off the market and start the 28 day sales process – ready for exchange of contracts.

If using Help to Buy the application will be the first stage of this process. If you’re using our IFA they can assist you. Once the authority to proceed is received from the Government then a mortgage application can be made.

During this time, you’ll need to appoint a solicitor to act on your behalf. If you are unsure who to use, we can make recommendations. It’s their responsibility to arrange for the transfer of ownership of the property – known as conveyancing, which involves land registry searches. There will be fees at this point, so we advise you to get a quotation before you instruct anyone.

Choice

Step 5

Meanwhile, make it yours.

This is the best bit, where you choose the finishes that make a house your home. The sales team will make an appointment for you to come and make your choices. A comprehensive list will be provided when you reserve and the choices available depend on the build stage of your home.

Step 6

We'll keep you posted at every stage

Once your solicitor is happy with the legalities, you’ll be invited to sign a Contract of Sale. You’ll pay the remainder of your deposit, and contracts will be exchanged. Shortly after we’ll write to you with a date for FINAL INSPECTION – when your home will be ready to view. Once this is confirmed you can plan your move and discuss a date for legal completion – usually within 14 days of final inspection.

Step 7

View your home finished and ready

When your new home is ready the Site Manager will walk you round, explain where everything is, how it works, to ensure you get the best out of your home including maintenance and servicing.

Step 8

Moving in time!

Completion day – the completion monies transfer between solicitors, your solicitor receives the title deeds. As soon as your solicitor advises on receipt of funds then the sales team can release the keys to your new home. Congratulations!

Our commitment to you doesn’t end once you’ve moved in. Our dedicated Customer Care team is on hand to help in any way they can, sharing knowledge of the local area and being on hand for any technical queries you may have.

Loving

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