An off-the-plan investment needs a careful assessment of price, contract and your ability to complete the purchase. Buying before completion does not automatically save money.
Compare the proposed property
Check the specification, location and proposed size against alternatives. More units being sold in a development does not establish that your unit has increased in value. Separate the developer’s pricing from evidence of market value.
Review the contract independently
Have your solicitor or conveyancer explain disclosure, variations, completion conditions and termination provisions. Ask about the applicable cooling-off process and deposit arrangements. Make sure important questions are answered before signing.
Plan for finance and timing changes
Check how long your finance approval lasts and what assessment may be needed before settlement. Allow for delays, changes in circumstances and a valuation below your expectations. A pre-approval does not remove the need to satisfy final lending conditions.
Check the people and records
Research the developer and relevant completed projects. Ask for evidence supporting important statements. Keep the information and advice used in your decision, and assess whether the budget remains workable without assuming growth or uninterrupted rent.
Sources and current guidance
Guidance reviewed 3 October 2026. Check the linked official information for your circumstances.
