Anwyl Homes

We’ve put together answers to some of most frequently asked questions handled by our sales team.

If there’s anything else you want to see added here, or you have any other type of enquiry, fill in our contact form and let us know. We really value your feedback.

Q: 

How do I reserve a new home?

A: 

After your reservation fee has been paid, your new home is reserved for six weeks before we expect to exchange contracts with you. Throughout this period, your new home will be withdrawn from sale and it will not be subject to an increase in price. The reservation fee and deposit are then deducted from the price of your home.

Q: 

Choosing Freehold or Leasehold?

A: 

The initial cost of your house will depend on whether you choose to buy it on a leasehold or freehold basis. Your solicitor will be able to advise you on the right choice for you. The below freehold and leasehold information is given for guidance purposes only – you should take legal advice on this issue.

Q: 

What is a freehold house?

A: 

There will be an additional cost to purchase a freehold house. If you make this payment when you first buy the house you will become the absolute owner of the property and the land that it is built on. No lease will ever arise which means you will not pay ground rent each year.

Q: 

What is a leasehold house?

A: 

The initial cost of your house will be lower if you buy a leasehold house. We offer 999-year leases at a fixed annual ground rent. There will be no future ground rent increases for the entire term of the lease.

Q: 

Later acquisition of a freehold?

A: 

If you initially buy a leasehold, you may wish to buy the freehold interest at a later date. As the initial freeholder, we would be willing to sell the freehold interest to you provided that you purchase it before the development has been completed. (Please note that we do not retain the freehold interests in completed developments indefinitely, as we are not a ground rent investor. We reserve the right to sell on the freehold interest in completed developments to investment companies without prior notice as they have the infrastructure to administer rent collections more efficiently. If we sell the freehold interest in a leasehold house to an investor, the leaseholder would have to negotiate the acquisition price direct with the ground rent investor and it may, therefore, cost more at that time. Please note, however, that any future ground investor would not be able to increase the annual ground rent during the term of the lease)

Q: 

How long will our property be reserved for?

A: 

We will reserve your property for six weeks before we expect an exchange of contracts from you.

Q: 

How much money is required as a reservation fee?

A: 

Anwyl require a £250 reservation fee for all properties. However, this amount can vary depending upon the purchase price.

Q: 

What sort of warranty will you provide with my new home?

A: 

When you move with Anwyl, your new home is protected by a NHBC Build mark Warranty which gives you a 10 year structural warranty as well as a 2 year fixtures and fitting warranty as standard.

Visit our warranties page for more information

Q: 

What are land registry fees?

A: 

This fee is to register your ownership of your Anwyl home with the Land Registry. The fees you must pay are set by the government.

Q: 

Who are independent financial advisors/ mortgage advisors?

A: 

These are professionals who will offer independent advice on financial matters to clients and would recommend the most suitable financial product to suit your individual needs.

Q: 

What is a mortgage valuation?

A: 

Prior to approving your mortgage application, your chosen lender will have your chosen property inspected and valued for mortgage purposes for a small fee. In most circumstances, your lender will insist on a survey before agreeing to give you a loan.

Please note that the value the lender puts on the property is a valuation for loan purposes only. The figure of this valuation may not be reflective of the open market value. You must also be aware that if you add additional extras to your home, the full value of these may not be reflected in the value the lender puts on the property.

Q: 

What do I do if I can’t find a solicitor?

A: 

Here at Anwyl, we work with an experienced panel of solicitors, so if you are struggling to find one, don’t hesitate to contact our sales team and they can send you in the right direction!

Q: 

How do I reserve a new home?

A: 

To reserve your new home you must pay the reservation fee of £250 and fill in the reservation agreement which sets out the key terms of your home. This will withdraw your property from sale and will not be subject to any price increase. Once this fee has been paid your new home is reserved for 6 weeks before we expect to exchange contracts with you.

Q: 

Do I need to sell my home before I can reserve an Anwyl home?

A: 

If you are reliant on the sale of your home in order to finance your new Anwyl home then you must have sold your property before you reserve your home. This is to ensure contracts can be exchanged within the 6 week period. If you have not sold your home and wish to buy a new build, we have many offers and incentives to help speed up the selling process of your old home.

Q: 

What assisted purchase schemes are available from Anwyl to help finance the purchase of my new home?

A: 

Anwyl offer a variety of schemes that can assist you in the purchase of your new home including Help to Buy England, Help to Buy Wales, Move Simple Scheme and Part Exchange. For more information visit the ‘Helping you Move’ tab.

Q: 

What happens at an exchange of contracts?

A: 

At this point, the sale of your new home becomes legally binding to both parties. A deposit is payable and you should be well on your way toward completion of your new home.

Q: 

What is a legal completion?

A: 

This is where ownership of the home passes across to the new owner. This may also sometimes be referred to as the ‘handover’.

Q: 

Who are the NHBC?

A: 

The National House Building Council, commonly referred to as the NHBC are the UK’s leading standard-setting body and provider of warranty and insurance for new homes. They work with the house-building industry to raise the standards of new homes and to provide consumer protection for homebuyers. This gives you added reassurance when you buy your new home. Click here for more information.

Q: 

What is a mortgage?

A: 

Most people will take out a mortgage, or a loan in order to purchase their house. A mortgage is a loan that is secured on your home. It is a legal agreement by which a bank, building society or outside party lends money at interest in exchange for taking title of the debtor’s property. There are many different types of mortgages available and you should speak to your Independent Financial Adviser (IFA) in order to discuss the best mortgage option for you.

Q: 

Can I reserve a property before it is released for sale?

A: 

Unfortunately you are not able to reserve a property before it is released for sale. However, you can advise the onsite Sales Adviser of your interest in a particular plot. We can then let you know when the plot is released for Sale.

Q: 

Do I need to make an appointment to visit the show home or sales centre?

A: 

It is not necessary to make an appointment at the sales centre, however if you wish to discuss something with our sales adviser in detail, we would recommend calling in advance to ensure the show home is not busy. You can also book an appointment via our get in touch page. Otherwise, please feel free to visit our sales centres anytime during opening hours.

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