Negotiating on a new build?
Discussion
Just wondering if anyones had an experience negotiating on a new build home? is that even possible? i've no experience buying a new build, the house were looking at is 1/2 million quid which is steep, we'd probably look at the govt help to buy scheme to take the pressure off for the first few years, seems like a no brainer 100K interest free loan... assuming we meet the eligibility and all that!
thanks all, sounds like money off is a possibility, all the 4 houses at this price are unsold and built, there are another 3 at £550k ones built and 2 off plan - none sold yet either so i guess that goes in my favour.
i've done some research on the help to buy thing and i looks like the 2 big gotchas are thet you have to pay them back at the % rate of the equity rather than the actual figure, on a new build i image the chance for growth is minimal anyway, plus i can buy into that from the tax payers point of view - i.e. the govt taking a slice of my captal growth, after all thats what investing is all about. The main issue seems to be you need to have a special HTB mortgage and the rates are not that competitive 4.4% versus 2.1%, but then is 4.4% on 200K and 0% on 100K better that 2.1% on £300k? probably not, but i can't get the £300 i need due to my 2 car loans.
don't want to start a new build debate, i'd happily buy a pre-owned house, theres just nothing in our chosen area in budget that ticks all the boxes, this one house with its builders premium if the only thing that gets close.
i've done some research on the help to buy thing and i looks like the 2 big gotchas are thet you have to pay them back at the % rate of the equity rather than the actual figure, on a new build i image the chance for growth is minimal anyway, plus i can buy into that from the tax payers point of view - i.e. the govt taking a slice of my captal growth, after all thats what investing is all about. The main issue seems to be you need to have a special HTB mortgage and the rates are not that competitive 4.4% versus 2.1%, but then is 4.4% on 200K and 0% on 100K better that 2.1% on £300k? probably not, but i can't get the £300 i need due to my 2 car loans.
don't want to start a new build debate, i'd happily buy a pre-owned house, theres just nothing in our chosen area in budget that ticks all the boxes, this one house with its builders premium if the only thing that gets close.
Dan_1981 said:
We bought last August I think it was and moved in about a month ago.
We got:
Stamp duty paid
All appliances
Carpeted & floorings through out
Front turf.
Legal fees
and we also used their 100% part ex-scheme.
out of interest which builder was that with? i'm looking at a morris homeWe got:
Stamp duty paid
All appliances
Carpeted & floorings through out
Front turf.
Legal fees
and we also used their 100% part ex-scheme.
so your first post is trying to score yourself a grand off the back of someone else's post, nice
as a follow up i did manage to negotiate a discount, £5k... plus stamp (£14k) and free grass, carpets and the outside tap lol
thought i'd done okay, however turns out i didn't negotiate hard enough, now we've been in 6 months and got to know the neighbours it seems like we got the worst discount - doh! so my advice to anyone buying a new build is be really offensive with your offers
as a follow up i did manage to negotiate a discount, £5k... plus stamp (£14k) and free grass, carpets and the outside tap lol
thought i'd done okay, however turns out i didn't negotiate hard enough, now we've been in 6 months and got to know the neighbours it seems like we got the worst discount - doh! so my advice to anyone buying a new build is be really offensive with your offers
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