The most popular way to own a home is to buy it outright
This basically means that you own 100% of your property and most people take out a mortgage to do this.
Buying your home outright also means you won’t need to fit any of the eligibility criteria associated with some of the properties we have advertised on our website.
What to expect
Step by step
Step one - Reservation Once you’ve chosen the home for you, our Home Ownership Officer will guide you through the reservation procedure. You’ll need to pay a small reservation fee of £300* which will contribute to 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. It’s a good time to ask about Government backed Help to Buy scheme that can make buying your dream home more affordable. If you have a home to sell, our assisted move scheme could make moving easy as we will arrange and pay for all your estate agent's fees.
Step two - The mortgage and solicitors 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 independent financial advisors and solicitors if you need help. Ask our Home Ownership Office for contact details.
Step three - Exchange of contracts Within 28 days after reservation (depending on the build stage of your new home) and if all the mortgage and legal documents are in place, we will request you to exchange contracts. You will need to pay the balance of the deposit at this stage and the whole transaction becomes legally binding.
Step four - Build completion Usually, around one to two weeks before your dream home is finished we will contact you to let you know of your legal completion date. Your home will also undergo thorough quality inspections, both internally and externally, to ensure that it meets our quality standards. It’s around this time we’ll invite you to a home demonstration to familiarise yourself with your new home. This is an opportunity to show you how everything works form the heating system and appliances to the location of your fuse box and stop taps.
Step five - Legal This is the final step to moving into your dream home. This is when your mortgage lender releases the funds to pay for your home through your solicitor. If you need access to your home on the day before legal completion, for carpet fitters it’s no problem (subject to exchange of contracts). We’ll also take meter readings on the day of legal completion and register you as the homeowner with the relevant utility companies. Our Home Ownership Office will help make your move-in as stress-free as possible for you to start enjoying life in your new home.
*Reservation fee may vary in different regions or development specific. Please speak to your Home Ownership Office to confirm your reservation fee.
Find your dream home today
We've got many sites all across the North East and Yorkshire.