A First-Time Buyer’s Guide to Buying a New Build

As a first-time buyer, you may feel daunted by the prospect of buying a new home. It’s the most expensive purchase you’re likely to make in your adult life and probably the most complex one too. This article will help you make sense of how to find and buy your new home.
Help to Buy Schemes
If you’re unsure about how to get your foot on the property ladder, the government have introduced Help to Buy schemes to help first-time buyers. To qualify, you must meet the following requirements:
The property should be an existing or new build in the UK, priced up to £600,000
Your mortgage must be a repayment one, not interest only
You cannot let the property to someone else
The size of the mortgage you apply for must be less than 4.5 times your income
For the full list of eligibility requirements, refer to the government’s Help to Buy website.
How to Buy a New Build Home
Where do you start when looking for a new build home to buy? There are a number of ways to find your perfect property once your budget is in place.
Look online to find a development that looks suitable for you. You should do some research into the developer’s track record, as well as the area and its amenities. The main question to ask yourself is, can you see yourself living there?
If you’re looking for a bargain, you should consider finding your new build home using an online property auction. This is an alternative way to find a property and can save you money. Property auctions aren’t just for developers who are looking for a bargain to renovate – you can find a property that is priced to sell, rather than being left sitting in the window of an estate agent. Contact auction houses and ask to be put on their mailing lists so that you can receive details of different properties on sale at auction.
Advantages of Buying a New Build
As well as the government’s financial incentives, there are many reasons why buying a new build is good for a first-time buyer. Here are some of the benefits:
New builds are easier to purchase as there’s no upwards chain.
They come with a 10-year National House-Building Council (NHBC) warranty that covers structural defects. Most developers also provide their own two-year warranty.
They are built to the latest specifications so you won’t have to make any major repairs and they should be energy-efficient, which gives you the benefit of lower utility bills.

This article aims to give you an overview of what you need to consider when buying a new build as a first-time buyer. Use our top tips to find the perfect new-build property to buy and make your home today.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

How Local Market Trends Affect Your Home’s Selling Price

Introduction When planning to sell your home, understanding local market trends is crucial. Whether you’re working with estate agents in Selby or estate agents in Leeds, these professionals emphasize the importance of market dynamics on your home’s selling price. Local factors such as supply and demand, interest rates, and economic conditions influence property values. These…
Read More
Breaking News

The biggest Halloween rent hikes

Revealed – Where tenants have been haunted by the biggest Halloween rent hikes The latest market analysis from London lettings and estate agent, Benham and Reeves, has revealed which areas of the rental market are haunting tenants this Halloween, having seen the largest increase in the average monthly cost of renting since this time last…
Read More
Breaking News

The UK’s anti-social behaviour hotspots revealed as Halloween looms

As Halloween looms, the latest research by over-50s property specialist, Regency Living, has revealed the nation’s most anti-social postcodes, based on the proportion of crime related to anti-social behaviour (ASB), with Ealing, Fylde, Westminster, West Lancashire and Chorley topping the table. Halloween may be a time for good-natured spooky fun, but for some, the fright…
Read More
Home and Living

77% of homeowners against Halloween

The latest research from eXp UK has revealed that while Halloween may be growing in popularity across the UK, many homeowners are planning to use smart home technology to avoid the endless stream of trick-or-treaters knocking at their doors this Friday. The survey of UK homeowners, commissioned by eXp UK, found that more than three…
Read More
Letting Agent Talk

What Leaseholder Reform Really Means for Managing Agents

By Robert Poole, Director – Block Management, Glide Property Management, part of LRG The past decade has seen a growing focus on leaseholder rights, and in the last few years, that focus has intensified into full-scale reform. With the Leasehold and Freehold Reform Act 2024 now enacted and further measures under consultation, managing agents are…
Read More
Breaking News

Mortgage approvals bounce back in September

The property industry’s reaction to the latest mortgage approval data from the Bank of England. The latest figures show that: – Mortgage approvals on house purchases for September sat at 65,944 up (+1.5%) from 64,963 in August. Approvals are up slightly (+0.5%) when compared to the 65,628 seen in September 2024. This increase shows stability…
Read More