Sarah
Hey there – just thought I’d add my two cents worth – totally agree with what Sam says about contracts biased in builders’ favour. Two suggestions I would have though is try an Architectural Designer to do your plans rather than an Architect as they are far cheaper! Also if you use New Build for finance (and one of their associated builders – although please don’t touch Golden Homes or Platinum) then they actually do keep your money in escrow and they have a far different payment plan than the usual stage payments. They go out and inspect the work every time and only pay if it has actually been done. Great if the builder goes tits up as well! They also build mortgage interest for about a year into your loan so you are not paying mortgage (unless you want to) for the new property until you move in – I found this great as was renting while build was happening. Anyway good luck with the build!