Find Your Home 
Purchasing a new build home off plan – meaning to buy a home before it has been fully constructed can be an exciting and rewarding experience with an array of benefits.
To help you understand the process and advantages of buying off plan, we have created this helpful guide for you:
- Research and Choose a Development
Start by researching different developments and look for ones that are coming soon or are under construction. You can find all of Abbey New Homes’ developments here.
- Secure Financing
Speak with a mortgage broker to understand your financing options. Some lenders may have specific requirements for off-plan purchases, particularly relating to timescales. It’s crucial to get a mortgage in principle early on, for all our developments, we identify trusted mortgage brokers and solicitors to partner with to make the process as seamless as possible for you.
- Reserve Your Property
Once you’ve found your dream home, you can reserve your property by paying a reservation fee. This fee takes the property off the market and shows your commitment. Through our Abbey Saving Solution offer, we may be able to support you with deposit, Stamp Duty or mortgage contributions.
- Customisation Opportunities
One of the most appealing aspects of buying off plan is the ability to customise your new home. Choose from selected finishes and create a space that truly reflects your personal style and needs.
- Potential for Increased Value
Buying off plan can mean purchasing at a lower price compared to the market value once the property is completed. This can result in significant financial gains if the property’s value increases by the time you move in.
- Modern Design and Energy Efficiency
According to ‘Watt a Save’, a research report conducted by the Home Builders Federation, energy bills for new build homes are on average 55% cheaper, saving households £135 on monthly running costs.
- Lower Maintenance Costs
Since everything in a new build home is brand new, you can expect lower maintenance costs in the initial years. This includes new appliances, plumbing, and electrical systems, which are less likely to require repairs.
- Warranty and Protection
Our homes come with a ten-year warranty that covers structural defects and other issues for a certain period. This provides peace of mind and financial protection against unexpected problems.
Buying a new build home off plan can be a smart investment with numerous benefits. From customisation to financial gains and modern living, it’s an option worth considering for anyone looking to purchase a new home.
If you have any questions or need further advice, you can contact us on 01707 651266 or visit https://www.abbeynewhomes.co.uk/contact-us/