Reserving a new build home is simple, you need to be in a proceedable position and the plot of your choice must be available for sale. If it has not yet been released for sale, we may be able to take an early bird reservation instead. Find out more about our Early Bird scheme here.
See the key steps below about how to reserve a new build property, the reservation fee on new homes with us and more.
Your Sales Executive will prepare a Reservation Agreement for your chosen property, which will include details of the plot number, house type and purchase price.
Once you’ve checked and signed the form, you’ll need to pay a reservation fee of £1,000. At this point, we will also provide you with an anticipated completion window.
Your Reservation Agreement will include a reservation expiry date and your Sales Executive will discuss the legal implications of this date with you. The reservation period will be six weeks, during which time we will take your chosen property off the market and freeze the purchase price.
The reservation fee acts as part of your deposit and will be deducted as a part payment from the agreed selling price if you proceed with the purchase.
At point of you reserving a new build home, or within a two week period, your Sales Executive will book an appointment with you to go through a reservation checklist which will tell you everything you need to know.
Read our reservation checklist below for information on what will be discussed.
In consideration of the payment by the Purchaser to Story Homes Limited of the Reservation Fee, Story Homes reserves the Property for the Purchaser at the Purchase Price until Reservation Expiry Date. If, by this date, the Purchaser has exchanged unconditional contracts for the purchase of the property, the Reservation Fee shall be allowed as part payment of the Purchase Price. If, by the Reservation Expiry Date, the Purchaser has failed to exchange unconditional contracts for the purpose of the Property at the Purchase Price, the Reservation will lapse. In this event, Story Homes shall be entitled to withdraw its offer to sell the Property to the Purchaser.
This Reservation Agreement is subject to contract. Once this Reservation Agreement has been signed, Story Homes will not sell or attempt to sell this Property to any other person unless the Reservation Expiry Date has passed. The Purchaser has the right to cancel this agreement at any time during the Reservation Period. If this Reservation Agreement is cancelled or has expired, Story Homes will return your Reservation Fee, less the Administration Fee.
Please note – if at any time during the Reservation Period the Purchaser wishes to withdraw from the Reservation Agreement, this must be notified in writing addressed to the Sales Manager at Story Homes.
For further information, please speak to one of our Sales Executives.
