Part 1: Web guide to buying a new home

From Reservation to Exchange

Once you have paid your reservation fee Kewmoor is committed to retaining this plot for you for an agreed period.
The fee becomes a part of the purchase price and is deducted from the final balance you pay when you complete on your new home.
The fee is deductible but none refundable
If you require a mortgage to buy your new home, it should be arranged at this stage. Kewmoor can offer financial advise and suggest a mortgage suitable for your needs
Building Insurance cover is essential and all lenders insist on it being in place before exchange of contracts.
Please instruct a solicitor now. Their role is to make the legal aspects of buying and selling a property as straightforward as possible. They will ensure all the necessary paperwork is completed on time.

The Exchange

This is when two identical signed documents, one on behalf of Kewmoor and one on behalf of you, pass between respective solicitors. After exchange, you are committed to the purchase of you new home.
The exchange deposit is also paid to Kewmoor at this time.

From Exchange to Legal Completion

This is when ownership transfers from Kewmoor to you and you can move in.
Completion takes place once your new home is finished and a formal notice is served on your solicitor and completion takes place within a specified period within the contract.
By this time, you should have signed your mortgage and transfer deeds.
During this time Kewmoor will invite you to a demonstration of your new home and if there are any outstanding matters these can be attended to.
You will receive a Homebuyers Guide, which contains important information about your home. Instruction Manuals, Warranties, Emergency Contact Numbers and your NHBC ‘Guide to Your New Home’ (where applicable)
The Day of Completion, your solicitor will take care of everything legal with the help of Kewmoor. Through your solicitor, the balance of monies due (the agreed purchase price, less reservation fee and exchange deposit) will be transferred to Kewmoor.
Once Kewmoor have been advised that this balance of money has been received they can release the key to your new home and your title deeds will be held in a safe keeping by the mortgage lender if applicable.

Kewmoor