Glossary
Below is a short list of some legal and property related terms
that you will come across either in
discussions with your Solicitor, the Sales Advisor or as you
read through your Essential New Home Guide:
Building
Control:
Local Authority Building Control is a publicly accountable
independent building control provider dedicated to maintaining the
highest standards in building, design, and construction.
Customer Care Department:
Westpoint Customer Care Department is here to make sure we
follow our in-house Customer Service Programme, and deliver the
highest possible levels of service at all times.
Deposit:
A nominal payment that you make to secure the property. It is
due to be paid when you enter into missives. The sales advisor will
provide details of the level of deposit required.
Legal Settlement:
Legal Settlement will take place just before you move into your
new home. The settlement price will be the agreed value of the
property, minus any payments - such as the deposit - that you have
already made.
Missives:
A legally binding agreement. There are usually two copies of
this document, one for you and one that we will keep on file. Both
copies are signed by you and by Westpoint. These documents commit
you to buying the property and us to building and selling it to
you.
Move-in Date:
The date on which you are scheduled to move into your new home.
You will be advised of this date via your Sales Advisor.
NHBC:
The National House-Building Council. The NHBC are the leading
warranty and insurance provider for new homes in the UK. They aim
to help raise and maintain standards in regulation, construction
and consumer protection within the industry. They register house
builders, set standards, inspect properties as they are being
constructed and provide insurance cover on new and converted
homes.
Property Manager:
They may also be referred to as "the factor". The Property
Manager, as their name suggests, provides a management service to
deal with all matters of common interest including the placing of
common building insurance and instructing common repairs. They will
also be responsible for organising maintenance, cleaning, gardens
and (if applicable) lift maintenance contracts. These costs will be
divided up and invoiced to each owner by the property manager.
These bills will be issued every four or six months.
Reservation:
The reservation process involves the payment of a fee that
entitles you to "hold" or "reserve" the property for a limited
period of time, prior to concluding a missive with Westpoint.
Sales Advisor:
You would have met the Sales Advisor for your development when
you reserved your property. They are the first person you should
contact with any questions and queries. They'll keep in touch with
you throughout the building period and advise you on progress on a
regular basis.
Site Managers:
They are responsible for co-ordinating on-site construction work
and making sure that all workmanship is of the highest standard.
They are also responsible for health and safety on site.
Snagging:
You may notice some minor things that you think we should be
made aware of. A snagging list is a list of the things that you
would like us to put right for you. The snagging list should be
compiled after consulting your NHBC Handbook - Guide to your New
Home. The snagging list is agreed between us. We will also advise
you on how long it will take to put things right. We aim to put
things right within an agreed period; however, some items may be
deferred to a later date.
Title:
The document that provides evidence of your ownership of the
property.