Off Plan new build concerns?Make Text Bigger
I am considering buying an off plan first floor 2 bed apartment in Biggleswade. These are going to be part of a huge envelopment that has been going on over many years. The developer is asking for 10% deposit of the asking price after the exchange of contract (28 days) and pay the balance on completion. Completion should be May/June 2016 although they wont give a fixed date.
Their are couple of things concerning me. Although the complex looks very presentable in glossy print the apartments are to be constructed above a row of four shops. I believe there will be small supermarket, chemist and a couple of others. I don’t think takeaways will be allowed. Secondly half the block ( 8 apartments) has to be allocated to Housing Association. Not that this should necessarily be a problem.
I was hoping that some body who may have purchased under similar circumstances may be able to shed some light on any potential pit falls with these new builds?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.