New buyers guide

When you make the decision to purchase your home this can be a daunting prospect, we detail below the processes that are required to help assist with your journey through to home ownership.

More information about Barley Homes

Step One

Once a reservation has been made on a Barley Homes property, the property is immediately removed from the market. We recommend at this stage to appoint yourself a legal advisor who will assist you through the purchase transaction. Our sales advisors will be in a position to give you some advice on this process.

Step Two

Your legal team will walk you through the conveyancing stage which includes all the relevant searches that will be instructed on your new property. If you are in the process of getting a mortgage to cover some of the cost of your home then an inspection by the lenders surveyor will be required.

Step Three

Once all the documentation is received and filled out your legal team will require you to be ready for signature and exchange of contracts will follow, this now becomes a legally binding purchase.

Step Four

This final stage is the most exciting and following on from the exchange of contracts you will be in position to complete your purchase, and your Barley Homes house will become your new home. All you need to do now is arrange your moving in dates with us and look forward to relaxing in your new property.

What is a new homes warranty?
Whilst we are convinced you will not need this, all our homes come with a 10 year National House Building Council (NHBC) or Local Authority Building Control (LABC) warranty that covers any major structural defects as well as a two year defect period on all items.
What is the difference between freehold and leasehold?
- Freehold – if you own your home freehold then you own the property as well as the land it sits on. The vast majority of homes in the UK are classified as freehold.
- Leasehold – a leasehold property means you have bought the lease usually 99 – 999 years and gives you the right to live in that property for that length of time, you can also sell the lease on via the usual methods of disposal. The upkeep of the land which your leasehold sits on is usually maintained by the freehold owner who may also control items such as roof coverings and drainage.
What is shared ownership?
Shared ownership means you can purchase a percentage of the property (usually between 25 and 75 per cent) and then you pay rent on the remaining share to the other owner, usually a housing association or developer. Your initial share can be increased over time through a process called staircasing. This option can be used by people who are looking at a more affordable way of getting on the property ladder and a path to owning their own home.