Mortgage lender criteria can be complex for new build properties, but there's no need to worry. Our mortgage advisers have years of experience in navigating these details. Lenders often have specific rules for resale and new build properties; our advisers understand these completely. Choosing a new build specialist mortgage broker brings added advantages, such as access to dedicated underwriting teams, exclusive products, and even lenders not available through non-specialist brokers— all available through the Quilter Financial Planning Network.
New build mortgage specialists
We understand the deadlines and challenges of buying a new build property, particularly if you hope to buy it before it's built. Our team of mortgage advisers has extensive experience and expertise in securing mortgages for those buying new build properties.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Call today to learn more about our specialised new build mortgage solutions.
Get in touch
Get in touch
Panel of lenders
Access to 90+ lenders
We're a leading UK new build mortgage specialist with over a decade’s experience and countless happy clients across the UK. Our expertise makes the process of buying your dream home from any developer nationwide more efficient, and we take care of most of the paperwork and admin. We understand the complexities around meeting tight deadlines, navigating special schemes and the nature of the challenges faced when securing a mortgage for a new build property.
As part of the Quilter Financial Planning Network, we have access to 90+ lenders and 1000s of mortgage products, including some exclusive options that aren't available from high street banks. Plus, our strong lender relationships give us access to specialist new build underwriting teams and senior-level management. All this means we are ideally placed to help you manage the process and take some of the stress away.
- Call: 0115 870 9520
- Email: [email protected]
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New build mortgage specialists
New build properties may have unique mortgage requirements and hurdles, but our specialists are here to guide you. With our experience and connections in the new build mortgage market, we can offer accelerated lender support and provide a range of incentives and specialised products.
Our team can also help you access the Own New Rate Reducer scheme.
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Tailored new build mortgage solutions
We don’t just tailor your mortgage to fit your unique personal circumstances and financial objectives; we go the extra mile. We use our experience and expertise to get the most out of any schemes available or incentives offered by the housebuilder to ensure you get the most appropriate and cost-effective mortgage.
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Continuous and ongoing support
We understand the home-buying process can be overwhelming, even more so when you're buying a new build property. That's why our team is available to speak to you at any point during the process. We're incredibly proud of how knowledgeable our staff at our Nottingham head office are, and we are here seven days a week to answer any questions you may have.
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One-stop mortgage shop
We’re more than just mortgage advisers. Our team can assist you with related financial services and products, such as home and contents insurance, personal insurance, and much more. Our clients tell us it's helpful and convenient to get everything they need in one place.
Informing your decisions
Our team stays up to date with the latest developments across the mortgage and wider financial industry. This means we can offer you up-to-date and accurate information.
Understanding your deposit requirements
Minimum deposit for new build mortgages
Your ideal deposit varies based on several factors. While 5% of the purchase price is a common starting point, lenders consider diverse criteria like credit history and property type. The ever-evolving mortgage market even offers no-deposit options for some buyers. Our team can guide you towards the right solution, no matter your deposit size. Speak to one of our friendly experts who will give you a personalised assessment unique to you.
New build mortgage interest
The importance of comparison
We're a Whole of Market mortgage broker, with access to 90+ banks and building societies with 1000s of mortgage options. Our expertise shines in understanding criteria for new builds, government schemes and meeting deadlines. Our seasoned mortgage advisers, backed by advanced technology, are your ultimate resource for securing a mortgage that aligns perfectly with your goals and transforms homeownership into a reality.
Securing a timely mortgage
Reserving a new build mortgage
Confused about when to apply for your new build mortgage? Relax, we'll guide you step by step. Start by becoming financially qualified with us – confirming affordability and securing a Decision in Principle (DIP). Once qualified, reserve your chosen property and we'll assist with gathering documents. Our mortgage advisers will match you to a mortgage that suits your personal circumstances and our Case Management team will ensure a smooth process until completion day. We're here to help and our service is completely fee-free advice!
Trusted, reputable and credible
The importance of working with an experienced team
Don't just take our word for it – check out our 500+ Google reviews from satisfied clients. We're committed to delivering exceptional service; your satisfaction is our top priority. We don't charge fees, meaning our priority is the same as yours - to make your dream home a reality. Unlike some banks and brokers, we have access to the whole of the market for mortgages and, as part of the Quilter Financial Planning Network, can offer exclusive products, ensuring you secure a fantastic mortgage deal. With over £500 million in loan applications submitted annually since 2021, exceeding £700 million in 2024, we enjoy enhanced lender services, increasing the likelihood of a stress-free completion with a great mortgage. You're in capable hands with us for your new build mortgage journey.
- Call: 0115 870 9520
- Email: [email protected]
FAQs
Q
Is it hard to get a new build mortgage?
A
Q
Can you get a mortgage before the property is built?
A
Yes, you can apply for a mortgage on an off-plan property with most banks and building societies. However, our advisers will consider key factors such as the expected completion date and the validity of mortgage offers, which typically last 6 months. Developers often provide a typical completion window of 3 months which is usually around 4-6 months in the future, so you’ll need a mortgage offer that accommodates this and any potential build delays. Despite the complexity, our expert advisers are well-equipped to guide you through this process.
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When do you start paying the mortgage on a new build?
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Typically, your initial mortgage payment occurs roughly two weeks after legal completion. The specific date depends on the lender and direct debit setup time. This first payment covers interest for the days between completion and month-end, plus the entire next month. Completing near month-end results in a smaller initial payment compared to an early-month completion. It's advisable to budget for a double mortgage payment for the first month as a precaution; a topic our advisers will discuss with you.
First-time buyers
As a first-time buyer, you’ll receive a personalised mortgage advice service, clear explanations and exceptional support throughout the process.
Home movers
Whether you’re upsizing or downsizing, our mortgage advisers can help you find the most advantageous mortgage option.
Buy to Let
Secure the right investment property with our extensive Buy to Let (BTL) mortgage market insights and support. Our knowledgeable team of BTL mortgage professionals will provide a customised solution that focuses on your investment goals.
Remortgaging
Our advisers will look to help you find a better mortgage deal with our results-driven remortgaging advice and brokering services.
78%
of new builds were affordable homes between April 2022 to March 2023*.
This marks an increase of 3 per cent on the previous year, due to the maturing of the Affordable Homes Programme 2021-26 in its second year of delivery.
*Source: https://www.gov.uk/government/news/new-homes-england-2022-23-housebuilding-statistics-revealed--2
Ama Singh - Mortgage Adviser
“Our team focuses on securing mortgages for our new build customers that not only meet their financial requirements but also promote stability."
- Call: 0115 870 9520
- Email: [email protected]
Case study
Securing a new build mortgage
Client background: Mr and Mrs are foreign nationals who have resided in the UK for just over 2 years and hoped to purchase a new build property with a 10% deposit. Their complex income situation, involving two jobs for each client (including zero-hours contracts) presented unique challenges.
What we did:
- In-depth consultation: We conducted a comprehensive consultation to understand their financial situation and aspirations.
- Specialised expertise: Leveraging our mortgage expertise, we researched lenders who cater to foreign nationals and new build purchases.
- Income assessment: Our advisers carefully reviewed income from both jobs, including zero-hours contracts, to ensure accurate financial representation.
- Deposit assistance: We explored various options and government-backed schemes to address their limited deposit.
To wrap it up: We managed to secure Mr and Mrs a new build mortgage, tailored to their unique needs. We ensured the mortgage aligned with their income, promoting financial stability. Throughout the process, we offered guidance and support, ensuring their confidence in the mortgage terms and conditions. At James Leighton, we are committed to helping clients achieve their homeownership goals, despite any complex situations. This case exemplifies our dedication to finding the right mortgage solutions, regardless of individual circumstances.
We ensured the mortgage aligned with their income, promoting financial stability.
What our customers say
Great job! I am really happy of how quick they have work on my mortgage, Neil was always in touch with me with all the updates. Thank you.
