Our Four-Step Purchase Process
Step 1 - Book a viewing / register your interest
Firstly, once you see a property that you like online or via our social media channels, it’s best to view the property in person. To do this, head to the property page and book a viewing on our microsite.
During your viewing one of our friendly sales team will contact you directly and show you around the show home and marketing suite. During this session you also have the option to ask any questions that you may have about the property and discuss schemes such as Help To Buy and Shared Ownership.
If viewings aren’t open yet, you can also simply register your interest on the same page and we’ll contact you with any updated information about your chosen development.
Step 2 – Make your reservation
Once you are happy with your chosen home, the next step is to fill in your application form and pay the reservation fee. The reservation fee is £2,000 (or £500 if purchasing using the Help to Buy scheme) and secures your home, removing it from the market. The reservation fee is then deducted from the total purchase price.
At this stage, it’s also recommended that you appoint a solicitor and ensure you have a mortgage in place (if required). While this sounds complicated in theory, in practice our sales team will be on hand in case you have any questions.
Step 3 – Exchange
At the date of exchange, you will need to pay a 10% deposit (minus your reservation fee) via your solicitor.
If your home is ready to move into, a completion date will be agreed.
If your new home is not ready, an exchange on notice will be issued. This normally means that you will exchange within 10 days of the property being finished.
Step 4 – Complete
On completion day, you will need to pay the remaining funds via your solicitor.
You will then be met at your new home by a member of our Sales Team, who will show you how the central heating works, where the fuse box is and how to turn the water off, as well as taking meter readings. Once this is done, you will receive the keys to your new home.
Are you looking for a stylish and modern home in London?
Southern Space is dedicated to providing stylish, high quality and contemporary new homes.
If you’re interested in owning a property in London, then click on this link to take a look at our latest developments