Background image of man on mobile phone standing next to staircase

A 6-step guide to buying through the New Build HomeBuy scheme

Step 1 - Check you are eligible to apply

• Check that you are eligible and meet the basic criteria.

Step 2 - Apply to buy

• Register your interest through calling or emailing Muir Group.

• We will then send you details of the scheme along with an application form, price list with rents/service charges and details of the percentage purchase eg 50%.

Step 3 - Muir Group responds

• If you pass the allocation panel, you will be invited to view the property (if completed) or look at plans of the development.

• If you wish to go ahead with your purchase, you then need to fill out a reservation form with your solicitors’ details and you will need to pay a fee of £150 (non refundable) to secure the plot.

Step 4 - Arrange a mortgage

• If you already use a building society, approach them first.

• If your building society asks to see a copy of the lease, ask Muir Group to send them one.

• Please note that a minimum of 5% deposit is required.

• For more information, see the section on Mortgage and budget advice.

Step 5 - Purchase the home

• Muir Group will send a copy of the lease to your solicitor/licensed conveyancer, who should advise you on what it says, approve it on your behalf, make a local authority search, and investigate title to the property.

• Once the building society has offered you a mortgage, a copy will be sent to Muir Group as the mortgage offer must be approved before you can proceed.

• Once all legal works are carried out, contracts can be exchanged and a date for completion set.

• The purchase can then be completed and the keys will be formally handed over to you.

Step 6 - Buy further shares in your home (staircasing)

• If you want to buy a further share, you will first need to tell Muir Group in writing how big a share you wish to purchase. The detailed procedure is contained in your lease.

• Muir Group will get the property valued when it receives your letter and will let you know the cost of the further share. You will have to pay the valuer’s fee.

• You will be given three months to arrange a mortgage and complete the purchase of the further share.

(Please note this guide is for new developments. If you are buying from an existing shared owner who is selling on, some of the requirements above e.g. the reservation fee are not applicable. Please check with Muir Group).