Buying off-plan

Buying a house or flat "off-plan" means that you are committing to buy a new-build property before the building work has even started.

Property developers will usually have constructed a show home to illustrate what the other properties on a development will look like, when they are completed. The developer may also have produced 3D tours, models, plans and other sales documents to encourage potential buyers to commit.

If you buy off-plan, you could be waiting months, or even years, before your new home is finished. Delays can occur, and plans may change, so you need to ensure you seek out the advice of an independent conveyancing solicitor before you sign anything.

Find out what you must know before buying a property off-plan.

Gaynor Haliday, Legal researcher

Author:
Gaynor Haliday, Legal researcher