Open Market Sale
Full market value new build homes
Looking for a brand-new home? We work on behalf of leading housebuilders to bring you a selection of new build properties in sought after locations. Whether you’re a first-time buyer or looking for more space, we help you find a home that’s right for you.
Our team is here to guide you through the process, making your move simple and stress-free. With a focus on quality, well-designed homes in vibrant communities, we connect you with new build properties available for outright purchase.
Explore our latest developments and take the next step toward owning your new home.
How does it work?
Buying A Home On The Open Market
Open market sale new build properties are brand-new homes available for outright purchase, meaning there are no restrictions on who can buy them. These homes are built by housebuilders and developers and sold at market value, just like any other private home. Unlike affordable housing schemes such as shared ownership or discounted market sale, open market homes do not have eligibility criteria or resale restrictions – you own the property in full once you complete the purchase.
Buying a new build home through open market sale is a straightforward process:
- Find A Home – Explore new developments and choose a home that suits your needs.
- Reserve Your Property – Pay a reservation fee to secure your chosen home.
- Secure Your Mortgage – Arrange your finances, whether through a mortgage or other funding.
- Exchange Contracts – Once your mortgage is approved and legal checks are completed, you’ll exchange contracts / sign missives and pay your deposit.
- Complete & Move In – On completion day, you make the final payment, receive the keys, and move into your brand-new home.
Our team is here to guide you through the process, helping you find the right home and supporting you at every stage.
Eligibility Criteria
Anyone can buy an open market sale property as long as they meet basic financial and legal requirements.
Basic Requirements:
- Affordability – You must have a mortgage, savings, or other funding to cover the cost of the home, plus fees like deposits and legal costs.
- Legal Right to Buy – UK citizens, residents, and eligible international buyers can purchase.
- Age Requirement – Buyers must be 18 or older.
- Good Credit History – If using a mortgage, lenders will check your credit score and income.
- Developer or Lender Rules – Some new build developments may have policies, such as prioritising owner-occupiers over investors.
Start Your Journey
The steps to finding A new home
FAQ
Open Market Sale Explained
What is an open market sale property?
An open market sale property is a brand-new home available for outright purchase at full market value. Unlike affordable housing schemes, there are no eligibility restrictions – anyone can buy these homes, whether you’re a first-time buyer or moving up the property ladder.
Search ‘Find a Home – Open Market‘ to see our current availability.
How do I reserve an open market sale home?
To secure your chosen home, you’ll need to pay a reservation fee to the housebuilder or developer. This ensures the property is held for you while you arrange your mortgage and complete the legal process.
Can I buy an open market sale home with a mortgage?
Yes, you can purchase an open market sale home with a mortgage, savings, or other funding sources. It’s important to get a mortgage agreement in principle before reserving a home, so you know how much you can borrow.
What costs should I consider when buying a new build home?
In addition to the property price, you should budget for:
- Reservation fee (deductible from the purchase price)
- Mortgage arrangement fees
- Solicitor and legal fees
- Stamp Duty Land Tax (SDLT) / Land & Buildings Transaction Tax (LBTT)
- Estate Management / Service charges (if the property is part of a managed development)
How long does it take to buy an open market sale home?
The timeline varies, but once you reserve a home, it typically takes 8 to 12 weeks to exchange contracts and complete the purchase. If the home is still under construction, completion may depend on the build schedule.