Mortgages for New Build
Sometimes only new will do and when your client is looking to buy a new build home, that’s where we come in.
Place your case Place your case
The detail
Our flexible lending criteria is designed to meet the needs of your clients purchasing a new build home:
Loans available up to 90% LTV on new build houses
Up to 90% LTV on flats and maisonettes
6 month offer period with facility to extend
Shared ownership products available
Builders gifted deposit accepted
Introducing our New Build service promise
- Dedicated new build team - Your case will be handled by our new build underwriting team, with a named case manager and underwriter on every case.
- Speedy service - We'll instruct a valuation on day 1, with all new cases assessed within 48 hours. When fully packaged, we'll also offer your new build cases offered within 21 days.
- Flexibility to extend - All new build offers are valid for 6 months, with the ability to extend by a further 6 months.
Your New Build toolkit
We've pulled together a few useful links to help you in placing your new build client cases.
Shared Ownership
Learn all about our mortgages that support the government's Shared Ownership scheme.
Residential Calculator
Use our residential calculator to see how much your client could borrow.
View Our Latest Rates
Download our residential product guide to find what new build products are available.
Frequently asked questions
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We define a new build property as one which has never been lived in before.
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Yes. For new build properties, our offers are valid for 180 days, with the ability to extend by a further 6 months.
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Yes, we support the Government’s Help to Buy Shared Ownership scheme.This enables buyers to buy a share of the property on a leasehold basis and pay rent on the un-owned share.Find out more about our Shared Ownership mortgages.
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The Help to Buy scheme closed for new purchases in October 2022 for England and Scotland, however, we are still accepting the Help to Buy Wales scheme.For those who bought their property with this scheme, you can still remortgage properties in England, Wales and Scotland.
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Our acceptable warranty providers include:
- Zurich Municipal
- Premier Guarantee
- BLP Limited Guarantees
- Checkmate Castle 10
- LABC New Home Warranty
- Build Zone
- CRL
- Advantage HCI
- Homeproof
- Global Home Warranties
- International Construction Warranties (ICW)
- Protek
- Q Assure
- Ark
- One Guarantee
- ABC+