Archway Homes was founded out of a passion for new homes. Having been the Chief Executive of one of the UK's major house builders, the Archway Homes Chairman has over 30 years' experience in the industry and has built up a team with the same desire to deliver exceptional quality.
Based near Chester and operating throughout Cheshire and the surrounding areas, Archway Homes aims to provide niche developments in desirable locations.
The focus of Archway Homes is attention to detail. Our homes are traditionally built to modern standards and all come with a NHBC 10-year warranty. They are energy efficient, compatible with the demands of modern living and designed with exquisite detail and to high standards.
As a family run business, our expertise is combined with a passion that makes for a more personal relationship with our customers.
The intimate nature of the company is also reflected in the close relationship between Archway Homes and our subcontractors, suppliers, consultants and professionals who can be relied upon to deliver the consistently high standards our customers deserve.
Buying a new build home is different from the normal home buying process, this guide will explain the journey from reservation through to picking up the keys to your new home.
To purchase a new build property, you will need to be one of the following:
If you are reliant on obtaining funds from the sale of a property which is unsold then you are not 'proceedable' and will need to secure a sale before reservation.
When you wish to reserve your new home, the developer will need to see evidence that you can finance the purchase. Most people will finance their new home with a mortgage from a bank or building society and an 'Agreement in Principle' can be obtained to show this. You will need to have a minimum deposit to obtain a mortgage, and this will vary dependant on lender and your loan to value (LTV). If you are using savings, then proof of funds will need to be seen.
Although the house you want to buy might be months from being ready, you will be required to 'exchange contracts' within 6 weeks from reservation date (this includes a 14-day cooling off period), so you must be able to agree to this. You will need a conveyancing solicitor to act on your behalf and undertake the legal work required.
You'll be required to pay a reservation fee of £1000. This removes the property from sale for the duration of the reservation period (6 weeks) during which your solicitor will carry out the conveyancing process and reach exchange of contracts. You will be required to pay a 10% deposit, minus the reservation fee to exchange contracts. Once exchanged Archway Homes have a legal obligation to build your new property and you have the obligation to purchase, once construction is complete.
When you purchase a property in the UK you are required to pay 'stamp duty'.
The amount you must pay is dependent on your circumstances and the value of the property. You can calculate how much stamp duty you will need to pay by visiting stampdutycalculator.org.uk
Once you have exchanged contracts you will be invited to the development to choose your options and upgrades (subject to build stage). At Archway Homes we pride ourselves in offering a high standard specification. Although you may wish to purchase some customer upgrades, you will find most fixtures and fittings you need for your new home come as standard.
You will be given the opportunity to view your home when it is almost due for completion by invitation to a 'home demonstration' meeting. A member of the team will walk you through your home and explain how everything works and how to look after it.
You will be kept informed along your journey of your estimated completion date. It is difficult for a developer to exactly predict when your home will be ready although we will provide an estimated two-month timeframe. Closer to completion we will give 14 days' notice to complete.
During this notice period there will be a small window of opportunity where you may employ a professional 'snagging' service at your own expense.
On legal completion day, finally the home is yours! We will arrange to meet you at your new home to hand over your keys and then leave you to settle in, knowing that we are on hand for any problems.