With new build properties, the date of completion varies depending upon whether or not the property has been built yet. If the property has been built, a date for completion can be mutually agreed between both parties. However, if the property has not yet been built, the date of completion will most likely be fixed for 10 days following the issue of the Certificate of Practical Completion. The Certificate of Practical Completion is issued once the property is verified as complete, by an NHBC official.
Prior to completion, your solicitor will carry out the final searches and ensure that the transfer deed is signed in readiness to complete.
On completion, your solicitor will arrange for the purchase monies to be transferred to our solicitor. Our solicitor will arrange for the transfer deed and all other necessary documents relating to the property to be handed over to your solicitor. The legal title to the property will remain in our name until completion when your solicitor will deal with paying the stamp duty land tax due and registering the transaction at the Land Registry.