Our moving guide

Now that you’ve decided to invest in a high quality McDermott home for you and your family, what happens next and what do you need to do to make one of our houses into your home?

Here is our step by step guide to the buying process, from confirming your budget to completing your purchase. Remember, we promise to do things right and make things simple, and we’ll be right there with you at every stage.

1. Confirm your budget

If you don’t already have an Independent Financial Advisor, talk to a member of the McDermott Homes sales team who will be able to put you in contact with one.

2. Choose your McDermott property

We have something for every family size and budget.

3. Complete a reservation agreement and pay your reservation fee

The £500 reservation fee shall be deducted from the final purchaser price when you complete your purchase. The reservation period will normally be 42 days. 

4. Appoint your legal team

You should appoint a solicitor to carry out the legal formalities and look after your interests, and let us know who you have chosen. We can then arrange for the draft contract, conveyance plan and any other relevant documentation to be sent to them. We can recommend a selection of good local solicitors.

5. Apply for a mortgage

Once you have applied for your mortgage, they will contact us for details such as the purchase price of the property and details any incentives given.

6. Confirm your mortgage offer

Check your mortgage offer, sign it and return it to your lender, then let your solicitor and our sales team know that you have accepted the offer.

7. Contact your legal advisor to discuss the contract

This includes details such as:

  • Agreeing the method of payment for your deposit
  • Signing the contract ready to exchange
  • Agreeing the method of payment for the balance of the purchase price on completion
8. Exchange of contracts

Your solicitor exchanges contracts with our solicitor, then pays them your deposit. At this point both the buyer and seller are legally bound by the terms of the contract.

9. Set a completion date

We will let you know how the construction of your new home is progressing and at the appropriate time we will agree a legal completion date.

10. Handover of your new home

Shortly before the legal completion date, we will arrange a pre-handover demonstration meeting with you at your new home to familiarise you with everything; this includes the kitchen appliances, heating, hot water, security and the main utility services.

11. Move in to your new home

When legal completion has taken place, you’ll get the keys to your new home ready to move in. A McDermott representative will be on hand to ensure that you are happy with the condition of your new home, take meter readings and hand over any warranties and instruction manuals.