Waterside_eBrochure

23Your BuyingGUIDEAt

23Your BuyingGUIDEAt Keepmoat, we understand that buying a new home is probably one of the biggestdecisions you’ll ever make. It’s a major financial commitment too. So, to help youthrough every step of the process, our friendly team are always on hand. Here is ourguide to buying a new home:STEP 01ReservationWhen you’ve found the perfect newKeepmoat home for you, one that ticks allthe boxes, it’s time to reserve it.Your Sales Executive will guide you throughthe reservation agreement. You’ll need topay a reservation fee ‐ this could be as littleas £250* and makes up part of yourdeposit. It also means, subject to contractsand meeting the timescales in theagreement, the home is yours at the priceagreed.The reservation form must be signed anddated by you and our companyrepresentative.If you’ve got a home to sell, our Easymovescheme could make moving easy. Wemanage the sale of your existing home andeven pay the estate agent fees.IntroductionHistoryVisionLocationTravel LinksSite PlanMake It Your OwnYour Buying Guide30,000 Homes & CountingSTEP 02Mortgage andLegal AdvisorOnce you’ve reserved your dream home, it’stime to appoint a solicitor, apply for yourmortgage and decide what options andextras you’d like to add to your new home**.If you need a mortgage and haven’talready arranged one, you’ll need to do soquickly. Your Sales Executive can give you thedetails of some reputable independentmortgage advisers and solicitors if you needa little help.All mortgage lenders will want to value yournew home for themselves before they lendyou the money – even on our homes whichoffer fantastic value for money.When moving house you need a solicitor tocarry out the legal work of buying your home– this is called conveyancing. Your solicitorwill handle all contracts, provide legal adviceand carry out local council searches, workwith the Land Registry and transfer the fundsto pay for your home.Your Sales Executive will provide you withregular build and sale progress updates tokeep you informed throughout yourhomebuying journey.STEP 03Exchange of ContractsWhen all parties are happy that all conditionsof the legal contract are fulfilled, the contractbetween you and Keepmoat will be signedand exchanged. It’s at this time your depositwill be paid to us too.Once the balance of the deposit is paid, thewhole transaction becomes legally bindingmeaning you have committed to buying thehome.Please remember that if your deposit is in abank account that you need to give notice ofwithdrawal, make sure you let the bank knowwell in advance to avoid having to pay anypenalties and delaying the exchange†.*Reservation fee is regionally ordevelopment specific and may be higherin some areas. Please speak to your salesadviser to confirm your reservation fee.**build stage dependent†If the exchange does not take place on theagreed date, we are within our rights toplace the property back on the market.

WATERSIDE, NORTHGATE STREET, LEICESTER, LE3 5BY24STEP 04Build CompletionSTEP 05Legal CompletionSTEP 06Move inOnce your new home has been through ourinternal quality inspection process, a NHBCor Local Authority Building Inspector will beinvited to undertake a final inspection of yournew home.Once the inspector confirms your new homemeets the required standards they willprovide a Certificate of Completeness andCompliance (CML). This will then be issued toyour appointed solicitor and mortgageprovider who need this before releasing thefunds.After your CML date and prior to legalcompletion you will be invited to attend yournew home demonstration with both the SiteManager and Sales Executive. During thismeeting you will be shown around your newhome and be given a demonstration on howto use the appliances such as the boiler.You’re nearly there. Legal completion is thefinal step. This is when your mortgagelender releases the funds to pay for yourhome. This is all done through your solicitor.Following the CML, we’ll be able to confirmyour expected legal completion*, this isusually two weeks later. Now’s the time toconfirm your home removal arrangementsand set up any post redirections.We’ll then provide your solicitor with thetitle deeds of your home and register you asthe homeowner with the relevant utilitycompanies. The home is now officiallyyours!Once you’ve set a completion date, it’s timeto move in! Your dream Keepmoat homeand a great new chapter awaits… onceyou’ve unpacked all the boxes.At Keepmoat we believe that customerservice shouldn’t come to an end justbecause you’ve completed your purchase.We provide an excellent aftercare servicewith our dedicated in‐house Customer Careteam on hand to answer any questions orissues you may have with your new home.