So with buying off the plan for Chobham Manor I assume everyone has stumped up the 10% deposit and (in most cases) will be getting some percentage from a bank/mortgage provider.
My understanding is that since banks won't lend on security (ie. the house) that is not built and standing yet you wait until 3-6 months before completion to talk to your bank/mortgage provider. Then you go through the same process as a pre-existing house mortgage.
In practice how have people found this? Are there any traps to watch out for, in particular first-timers going through this process?
The completion notice of 10 days from Taylor Wimpey pretty much means you have to have your mortgage in place and ready to go when you get the signal from Taylor Wimpey. How was TW's communication in advising of an upcoming completion?
I'm hoping that Burnell House future residents and those of the completed phase 1 buildings will be able to shed some light. Thanks in advance.