Key terms in New Build Conveyancing
According to the Ministry of Housing, Communities & Local Government Housing Statistical Release on 28 June 2018; there were 160,470 completions of new build properties from January 2018 to March 2018. This is an 8% increase from 2017.
There are clearly many people purchasing new build homes. However, do these prospective buyers understand the terminology frequently used by their solicitors and the developers?