It’s hard to miss the large number of residential property developments springing up all over Northamptonshire and Leicestershire in the past twelve months.
In Towcester, the Moat Lane regeneration scheme is well under way and plans for almost 3000 new homes to the south and west of the town over the next 15 years are pushing determinedly ahead. Houses are also springing up in surrounding villages including Roade and Silverstone.
Similarly, there are new developments in Market Harborough and its surrounding villages. And let’s not forget the number of developments scattered in and around Northampton, Kettering and Wellingborough.
This is partly because of the Government’s commitment to build four hundred thousand new homes throughout the country over the next five years, although it’s anticipated that to really meet the demand for housing, the country needs to build up to a quarter of a million homes each and every year.
Such is the demand for housing in parts of the country that it is not uncommon for plots to be sold before construction even begins on the actual properties. In some cases, homebuyers may never even get to see a show home before all the properties on a development have been snapped up.
House builders are reporting that they are building the highest number of both detached and semi-detached properties for more than 20 years. Family homes are the order of the day, particularly when they have excellent transport links and good schools nearby.
For those looking for newly built homes, there are various Government schemes to be taken advantage of—in particular the “Help to Buy” scheme, where you own 100% of your home for 80% of the price, with the only requirement being a 5% deposit. Developers are offering incentives too, such as money towards the costs of your Stamp Duty or your legal fees.
There is often the opportunity to “trade up” on older properties with part-exchange deals on offer.
At Arnold Thomson Solicitors, we have many years of experience of dealing with the purchase of New Build properties for our clients, often dealing with both the “Help to Buy” scheme and part-exchange deals. Both our Towcester and Market Harborough offices are strategically located, with our Towcester office enjoying prominent location in the centre of the town and our Market Harborough office based within a well-known stylish and contemporary building, the Innovation Centre, poised on the outskirts of the town on Leicester Road.
We are committed to providing our existing and new clients with the most practical and cost effective solution to their legal needs. Our highly experienced residential property lawyers and conveyancers in Market Harborough and Towcester will skilfully guide you through what can sometimes be a complex process. We will ensure that your purchase, sale or both, transfer of equity and other property related transaction proceeds smoothly and in a timely manner. Time is often of great essence in new build properties where developers have been known to demand exchange of contracts no later than 28 days after the property is reserved.
We appreciate that buying a house can be stressful and that buying a New Build comes with a unique set of challenges. At Arnold Thomson, we take the stress off your shoulders and go the extra mile to ensure that you are able to move into your new home as quickly as possible. Call us today for a conveyancing quote and excellent client care in our Market Harborough or our Towcester office.
This article was written by Jayne Henderson. Jayne can be contacted for any Residential Property related inquiry in both our Towcester and Market Harborough offices.