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The buying process

Banks Homes was born from a desire to create sustainable homes that positively impact on health and happiness.

Influenced by the inspirational homes our customers want, we carefully crafted a new blueprint for contemporary living. One that considers the role and function of each room, to deliver the homes needed for healthier, happier life.

Beat the Stamp Duty

Save thousands on Stamp Duty with Cathedral Meadows Homes before 31st March 2025, with the temporary Stamp Duty reduction ending, now is the ideal time to make your move.  Complete your purchase by 31st March 2025 to lock in significant Stamp Duty savings before the rates revert to pre-September 2022 levels.

Available Homes

Own New

Own your dream home at Cathedral Meadows with Own New’s Rate Reducer mortgage—on selected plots.  Low rates & reduced payments and Own 100% of your home.

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Your customer journey

Find your perfect home

Whether you know where you want to buy or are still browsing, we would recommend you register on our website below. This is easy to do and will ensure you are the first to receive details of the Banks Homes latest releases and the best deals, and our team can help guide you through the process.

 

Step 1: Find your perfect home

A helping hand

Once you have decided on your Banks Homes location, you will be introduced to your friendly sales executive. This person will be with you throughout your journey and always on hand to answer any questions, however small. They will also introduce you to specialist solicitors and financial advisors, who will help you find the best mortgage deals. Whether this is your first home or not, our team has years of combined experience to reassure and help you along the way.

Step 2: A helping hand

Reserved just for you

Once you have found your ideal new home, it is time to reserve it just for you! If you have sold your own house (if you have one to sell), the payment of a £1,000 reservation fee is enough to take the house off the market. The process is easy to follow, and your sales executive will always be there to help. You can also start thinking about your kitchen and bathroom options, although you don’t need to make the final decision just yet.

Step 3: Reserved just for you

The legal bit

Once you’ve reserved your new home, your solicitor will go through everything with you. For our part, we will make sure all the legal considerations are as clear and transparent as they can be. The legal process should take around six weeks, maybe a little longer if there are others in the chain. When contracts are ready to be exchanged, this is when you commit to buying the house, pay the deposit and everything becomes legally binding.

 

Step 4: The legal bit

Personalise your home

The earlier you reserve your new home, the more options you’ll be able to choose from, this is because we build in the options as we go. You can visit our Customer Experience Centres and choose from a large selection of options and upgrades, so you have the home you want as soon as you collect the keys.

Step 5: Personalise your home

Staying informed

We appreciate that buying a house is probably the biggest purchase of your life. To keep you informed of progress, your sales executive will arrange weekly updates and a progress meeting on site during construction. At every stage, we will make sure you are fully informed, and every aspect of your home is built as you ordered.

Step 6: Staying informed

Getting your keys

Excitement has reached fever pitch, and your new home has been checked and is ready for handover. This is the day that you get the keys and will move in! You will receive a demonstration of how exactly how everything works, along with manuals and warranties. And never fear, with your sales executive on site, we are always there to answer any questions, however small!

 

Step 7: Getting your keys

Continued support

We think you’re going to love your new home and being part of the neighbourhood we have created. Our site and customer services team will be on hand to support you from here on. You will have a series of regular visits booked-in to make sure you are delighted with your new home. These are scheduled for your one week, one month and one year after moving in.

Buying a new home is important, and we know that. To help make the whole journey seamless and enjoyable, we will do everything we can at every step of the way.

 

 

Step 8: Continued support

Why choose Banks Homes?

Purchasing the perfect new home is a big decision. So it’s reassuring to know that our homes are some of the most sustainable and energy-efficient you can buy. We’re also continually evolving our designs to make sure your home meets the needs of your family today, tomorrow and for years to come.

We apply the same care and consideration to our specification. Find out more about what you get as standard in a Banks Home.

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FAQs

What do I need to do, to reserve a plot?

To reserve a plot, you will need to pay a reservation fee of £1000 and have appointed a solicitor. This fee ensures that your chosen plot is secured for you while you complete the necessary purchase arrangements. (The £1,000 will be deducted from the total purchase price of your home.)

Where can I visit a Banks Homes Show Home?

If you’re looking to see firsthand the quality and high specification of a Banks Homes development, then you can visit both of our 5-bedroom Show Homes at Cathedral Meadows in West Rainton, Durham. We are open and ready to welcome you, 5 days a week, Thursday – Monday from 10AM to 5PM. Our friendly team will be available to answer any of your questions and guide you through the features and benefits of living in a Banks Home.

When will the Cathedral Meadows Show Homes be open for viewing?

We’re excited to welcome you to our fully furnished and beautifully styled Show Homes at Cathedral Meadows. We are open and ready to welcome you, 5 days a week, Thursday – Monday from 10AM to 5PM. Our Banks Homes team will be on hand to answer any questions and walk you through everything our Cathedral Meadows development has to offer.

When can I move in to Cathedral Meadows?

It will depend on which plot you are interested in. The whole development at Cathedral Meadows will take around 2.5 years to build. The first plot buyers will be able to move into their new homes from March 2025. We are committed to ensuring that everything is perfect for your move-in day, so you can start enjoying your new home from the moment you receive the keys.

Mortgage Calculator

Get help with financial advice by speaking to our panel of experts. InTouch Financial one of our panel advisors will be able to assist you to find the best mortgage rates and shop around to suit your own personal circumstances.

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