September 2025
To make things simple, we asked Damien Byrne, Mortgage and Insurance Advisor at WiseOne Mortgages, to share his top tips on how to get prepared and secure your new home with confidence. Watch the video, or read our handy Q&A below.
It means you’ve got all the key documents and finances in order before you find your perfect Story home. That way, once you do, you can reserve straight away without delays.
To reserve your chosen plot, you’ll need:
A Decision in Principle (DIP) or proof of funds covering the cost of the plot
A memorandum of sale (if you’re selling, your chain must be complete)
The £1,000 reservation fee
A plot that’s available for sale
A DIP is confirmation from a lender that they’d likely offer you a mortgage based on your financial details. It proves to the developer that you’re a serious buyer and helps you understand what you can afford.
One of our mortgage advisers can arrange this for you, often in a single appointment. They’ll look at your income, credit history, and outgoings, then approach lenders to get your DIP quickly.
Your proof of funds should show you can pay for:
The deposit amount (varies by plot and development)
Stamp Duty (if applicable)
Conveyancing and other fees
The reservation fee
Yes. Plots can sell very quickly, so being reservation ready means you can act immediately and increase your chances of securing the home you really want.
Being reservation ready gives you the best possible chance of securing your dream Story home. If you’re unsure where to start, our Sales Executives are here to guide you – and for tailored mortgage and insurance advice, you can speak directly with Damien Byrne at Wiseone Mortgages, who works closely with Story Homes customers.
