WILL I HAVE TO PAY IN STAGES?
If you are buying a new build property that is not completed, or is in the process of being built, you will normally agree to stage payments. These vary from development to development, and builder to builder.
However, before you enter into any contract, you will be told the amounts that will be due at each date. Typically, after the initial CY£2,000 reservation fee, a payment of 30% is required within four weeks. Further stage payments can be arranged on an individual basis with the developer, with the balance payable upon completion.
Read also:
