HOUSE BUYING
PROCESS
HOUSE BUYING
PROCESS
House Buying Process
How the buying process works
House Buying Process
How the buying process works
Mortgage In Principle
Typically you will first need a mortgage in principle to place a firm interest in one of our new build homes.
This is obtained by working with and qualifying your income with your high street bank or a mortgage broker to obtain a best principle offer of the type of mortgage funds that would be available to you.
Choose Your Home
You place the reservation deposit of £500.
This is a non-refundable reservation fee for your chosen plot. Buying 'off-plan' is slightly different to purchasing a home on the open market as the house is not yet build.
An expert will provide a valuation in due course on the comparable homes in the area by looking at our plans and where the home is located.
Your Choices
You receive an options, choices and extras document to review.
You select the options and extras that suit your needs for your home.
You must be able to afford to purchase the options at selection. Proof of funds may be required.
Mortgage Offer
Typically you will have a mortgage offer for three - six months.
It is your duty to ensure your mortgage offer is valid up until legal completion.
Exchange
Exchange should be done within a maximum of 6 weeks.
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.
Buying Assistance
If you are using the Help to Buy scheme you must ensure this application has been submitted with your mortgage approval to meet the asking price of the property.
Do this with your mortgage advisor.
Build Completion
As we build in ‘phases’ it is not always possible to give you a 100% accurate finished completion date.
We will always try to predict this for you.
Move In
The big day arrives! You move in with minimal disruption.
It is common practice for house builders small and large to place infrastructure such as roads, telecoms and drainage in to parts of the development at short notice.
This is part and parcel of buying new build homes. We try to minimise disruption.
Principle Offer
Typically you will first need a Mortgage In Principle to place a firm interest in one of our new build homes.
This offer is obtained by working with and qualifying your income with your high street bank or a mortgage broker to obtain a best principle offer of the type of mortgage funds that would be available to you.
Choose Your Home
You place the reservation deposit of £500.
This is a non-refundable reservation fee for your chosen plot. Buying 'off-plan' is slightly different to purchasing a home on the open market as the house is not yet build.
An expert will provide a valuation in due course on the comparable homes in the area by looking at our plans and where the home is located.
Your Choice
You receive an options, choices and extras document.
You select the options and extras that suit your needs.
You must be able to afford to purchase the options at selection.
Mortgage Offer
Typically you will have a mortgage offer for three - six months.
It is your duty to ensure your mortgage offer is valid up until legal completion.
Exchange
Exchange should be done within a maximum of 6 weeks. 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. Exchange should be done within a maximum of 6 weeks. 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.
Buying Assistance
If using the Help to Buy scheme you must ensure this application has been put in with your mortgage approval to meet the asking price of the property.
Do this with your advisor.
Build Completion
As we build in ‘phases’ it is not always possible to give you a 100% accurate finished completion date.
We will always try to predict this for you.
Move In
The big day arrives! You move in with minimal disruption.
It is common practice for house builders small and large to place infrastructure such as roads, telecoms and drainage in to parts of the development at short notice.
This is part and parcel of buying new build homes. We try to minimise disruption.
Don't miss out on our future developments in your area
Completed Developments
- Mountainside Place - Colwyn Bay
- The Cherrington Pair - Llandudno
- The Links - Rhyl
- Oak Drive - Colwyn Bay
- Crossley Grove - Rhos On Sea
- Copa'r Bryn - Colwyn Bay
- Abbey Lodge - Llandudno bedroom
- Glyn Garth Court - Colwyn Bay
- Lowry Gardens - Penrhyn Bay
- Many more
Don't miss out on our future developments in your area
Price Matters
Completed Developments
Building superb homes
Mountainside Place - Colwyn Bay
The Cherrington Pair - Llandudno Junction
The Links - Rhyl
Oak Drive - Colwyn Bay
Crossley Grove - Rhos On Sea
Copa'r Bryn - Colwyn Bay
Abbey Lodge - Llandudno bedroom
Glyn Garth Court - Colwyn Bay
Lowry Gardens - Penrhyn Bay
MANY MORE
Inspired Spaces
Redefining the family home
When you buy a new build home we work with you to get the most important parts right. You only need to put your finishing touches on your home after you make your grand move in.
Penrhyn Homes supply quality specification included with your home without shelling out more money for extras. If you can afford it though, extra items in from the start can make a big difference later on down the line.
We supply a blend of traditional and contemporary ranges that you can choose from at the beginning of your new home buying purchase.
Customer Service
We're here to help you throughout your home buying process. Contact us and we will be in touch.
We will get back to you as soon as possible
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New Homes Explained
Helping You Buy New
It's never been easier to own your very own brand new home
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