Making the process as simple as possible.
Buying a new home is an exciting time, but it can also be quite overwhelming as there is a lot of information to take in. Our aim is to make the process as simple as possible and to offer our customers as much support as they require.
When buying a Foxglove Home, you are not buying of a large national PLC builder, you are buying your new home from a Yorkshire based builder and we will offer you as much assistance as you require to make the purchase as simple as possible for you.
Our dedicated team will be on hand to help you through the various processes and costs involved when buying a home. From the buying and pre-move processes including getting a mortgage and finding legal representation, to preparing for the move, we will help you on every step of your home buying journey – if you would like us to.
We are delighted
We moved into our new home 3 months ago and we are delighted. This is the second new home that I have bought and it has been brilliant not to have all of the snagging issues we had with the first one which was built by one of the big national house builders. The Foxglove Homes team have been great and they were very accommodating throughout the buying and moving in process. We are delighted and feel very much at home
I am absolutely thrilled with my new home
The views are spectacular and I love my apartment. It is low maintenance, beautifully finished and low cost to run. The under-floor heating system is fantastic and I feel really safe with the gates and entry system. I am very happy here.
We are thrilled with our new house
We are thrilled with our new house and really pleased with the quality of the build, both inside and out. I would certainly recommend Foxglove Homes to family and friends.
What is a mortgage in principle?
People often make an application for a mortgage in principle to give them to assurance that they can obtain a mortgage at the level they require. A lender will say that, if all information is correct and the home valuation is approved, they will lend you the money to buy your new home.
A decision can usual be given in 24 hours once all of the requested information is provided to the lender.
Where can I get help with a mortgage application?
A mortgage broker is an independent third-party broker that will give you advice on suitable products for your borrowing needs. They will consider your requirements and look at your situation and provide guidance in terms of the best options available to you. They will then review the lending market and advise you on the best products available to you. The broker typically charges a set fee for this service.
Our sales team will be on-hand to help recommend independent brokers to you to make the process as simple as possible.
Do I need a solicitor?
It is recommended that you use a solicitor to deal with all the legal aspects of buying your new home. If you are obtaining a mortgage to buy your new home, then it will be a requirement of the lender that you use a suitably qualified solicitor that the lender approves.
The solicitor will be responsible for drawing up the contracts for the purchase, as well as making various searches and enquiries to ensure that you are fully informed on the purchase. They will also deal with transferring the money when it is time to exchange and complete the purchase of your new home.
Our support team will be on hand to help recommend independent solicitors if you require.
Will I have to pay Stamp Duty?
Stamp Duty Land Tax is payable on a home purchase where the value is more than £125,000 if you’re a current homeowner or more than £300,000 if you are a first time buyer.
The amount of Stamp Duty you will pay, will depend on the value of your new home and there are set price bands with percentages determining how much you pay. On the first £125,000 you pay 0%, between £125,001 and £250,000 you pay 2%, and between £250,001 and £925,000 you pay 5%. If you are buying a second home, there is a further 3% payable though if you sell the second home within 3 years of the new home purchase, the 3% is refunded.
When do I pay Stamp Duty?
Your solicitor will be in charge of dealing with stamp duty on your behalf. The payment needs to be made to HMRC within 30 days of your new home legally completing and becoming yours.
If you are using a mortgage to buy the home, the solicitor won’t be able to complete the purchase until the Stamp Duty funds are in place, as they require for legal completion with the lender.