Reserving your new Eccleston home
You’ve found your dream Eccleston home! So what happens next?
We sell our new homes in order of the route that we build them and plots are released for sale at various times to
follow this route and ahead of them being built.
Our homes are sold on a first come, first served basis and purchasers are required to exchange contracts within 6 weeks
(42 days) of reservation with the appropriate 10% deposit. This usually means that you will need to be either a first time
buyer, have your current property sold subject to contract, be a none dependant, or cash purchaser. A 5% deposit is usually required if the property you are purchasing falls under an Affordable Housing scheme.
1. Mortgage in Principle
If you’re purchasing your home with the benefit of a mortgage, you’ll need a Mortgage in Principle, or Decision in Principle (DIP) from your mortgage provider. Based on basic information, such as your income and outgoings, your lender will provide you with a certificate or statement that confirms ‘in principle’ the amount of money they will lend you. If you need help obtaining a Mortgage in Principle we have access to independent new homes mortgage specialists who are able to provide you with free advice on the range of new homes mortgages available. Customers are free to use the services of their own independent mortgage specialist and Solicitors. Please ask our Sales Consultant for further details.
2. Proof of identity
As you’re undertaking a financial transaction with us, we’ll need to see original photo ID for each purchaser, so either your Passport, or your Driving Licence.(for non-UK citizens we also require a copy of a valid visa) plus proof of your address – this could be in the form of a recent utility bill, or council tax bill. Our Sales Consultant can provide you with a list of all acceptable forms of proof of address.
3. Reservation fee
We ask for £1000 reservation fee to secure your new home. Payable by credit or debit card. If you’re purchasing using an Affordable Housing scheme, it’s just £500. The reservation fee forms part of the overall price of the property and is credited upon Legal Completion. Reservation fees are refundable in line with the guidance provided by the Ombudsman schemes.
4. 14 Day Cooling Off period
You may cancel your Reservation within 14 calendar days of reservation and we will refund the Reservation Fee in full, without deduction.
Should you cancel your Reservation after the 14 day cooling off period we will refund the Reservation Fee less our reasonable administrative and other costs incurred by us in processing the reservation and holding the plot, which we anticipate will be £250. Any cancellation needs to be confirmed in writing.
5. Reservation meeting
To secure your new Eccleston home, we will set up a face to face reservation meeting. It gives us the opportunity to take you through your reservation paperwork, demonstrate the technical drawings, explain the NHBC new home warranty and the benefits of the Ombudsman schemes that we’re registered with. And of course, the most exciting part, you can sign your formal reservation documents, meaning your dream Eccleston home is off the market! Please allow at least one hour for this meeting, this also gives you time to ask any questions you may have.