Home Finances What's a payment schedule for a new property?

What's a payment schedule for a new property?

The standard payment schedule for a new property consists of a £2000 (approx €3000) holding deposit followed by 2 or 3 further payments. Perhaps 25% within 1 month, another 25% within 4 months and the final 50% (less the initial 3000 euro deposit) upon completion. Different builders have different payment schedules.         With certain builders a 30%/70% split is also possible. With key-in-hand properties it is usually possible to agree with the builders to a 10% deposit and 90% upon completion in 6 to 8 weeks.

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