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During the past four decades, the Laurence Homes brand has been synonymous with new homes which are traditional in style and built to the highest quality of workmanship.
No detail is overlooked on the exterior or the interior of the properties we build. Depending on the build stage, we offer a wide range of finishes and extras for you to make your house your home from the day you move in.
We understand that you are making one of the biggest purchases of your life and we pride ourselves on quality and we create homes that buyers want to live in for many years to come.
Below is a guide to the process involved from reservation to completion.
The first step is to formally reserve your new home with a reservation agreement.
You’ll pay a reservation fee which ensures we’ll remove the property from the market for one calendar month. The price is fixed at this stage.
You will need to instruct a solicitor to act on your behalf. Appointing a solicitor requires ID checks and documents to be completed, so it’s important to arrange this and provide the Sales Negotiator with their details. Laurence Homes solicitors will then forward all the relevant documents to your solicitor.
We advise to pay for search fees when you formally instruct your solicitor. This is because sometimes there are delays with local authorities providing them, so the sooner they are requested the less likely it is that this will impact the purchasing process.
If you require a mortgage to purchase your new home, you’ll need to complete a mortgage application with a lender. You will need to provide them with both financial and identification documents:
Our sales negotiators will be able to provide you with details of our recommended mortgage advisors (IFAs) who specialise in new build. Given their familiarity with our developments, homes and processes they are also in an excellent position to advise you. If you chose to use the Government’s Help to Buy scheme there are additional documents and forms required that our recommended IFAs are well-placed to assist with.
At this next stage your solicitor will commence the conveyancing process on your behalf.
Our solicitors will have forwarded all documentation to your solicitor for approval before contracts are signed and exchanged.
Your Lender will instruct a surveyor to inspect the property on your behalf to provide a valuation.
Should you wish to personalise your home with Extras then these selections are made following the reservation appointment and payment will be expected in full. Extras are available subject to build stage of the property.
Your solicitor will provide binding contracts for signature and request the deposit payment for exchange.
At exchange the deposit funds will generally be to the value of 10% of the purchase price (less your original reservation deposit). This will differ for Help to Buy transactions.
As part of exchange an estimated date for completion will be provided. Once contracts are exchanged, the purchase becomes legally binding.
Following the lender’s survey, a mortgage offer will be issued by the lender.
Appointments, in-person and virtual, are available for all our developments.
© 2021 Laurence Homes (Eastern) Limited — Registered in England
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Thank you for your interest in Laurence Homes.
If you’d like to discuss your next move, arrange a viewing or for any other enquiries, please use the form below.
Laurence Homes (Eastern) Ltd
14 Ruskin Close
Chilton Way
Stowmarket
Suffolk, IP14 1TY
Help to Buy is now available with Laurence Homes (Eastern) Ltd. The government-backed Help to Buy scheme can get you moving if you’re a first-time buyer.
With the Help to Buy scheme, the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
Please contact us for more information.
We understand it’s not always possible to visit us, so we have prepared a virtual showhome for you. It’s one of our three-bedroom properties, and it should give you a great first impression.
We look forward to seeing you soon.