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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

View Completed Homes

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

Completed Developments

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.

New Homes