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Family Planning

Make your New Build Mortgage work for you

With access to specialist lenders, finding a mortgage has never been easier


The New Build Mortgage Process

If you’re thinking of purchasing a new build property or have already found your dream new build home, it’s important not to rush ahead without weighing up the pros and cons. Our specialist brokers here at Southern Mortgages can help you understand more about the disadvantages of buying a new build home such as the delays that could incur, property defects that were not spotted during the survey and the general risk involved when purchasing a property you may not have seen yet. It’s also important to take into consideration the area in which you are buying the property, as you may be surrounded by a building site until the rest of the complex is complete.


Despite all of this, there are also huge benefits in buying a new build home including NHBC warranty, the ability to personalise your home with custom fixtures and fittings, and the “ease of purchase” in regards to having no upward chain to worry about.

Our new build mortgages advisers will help you find the most suitable mortgage for your brand new property and secure you a Decision in Principle.

Once your mortgage application is complete and all the necessary paperwork is in order, our team will help you find a solicitor and get your offer ready.

As easy as that, everything will be complete and you’ll be ready to move in and we’ll continue to provide advice and support while you enjoy the benefits of owning a new property.

Mortgages differences for New Build Properties

New Build Houses

Purchasing a new build house is a very exciting process, however, it can feel quite daunting if you don’t get the mortgage advice you need to secure your dream home. More often than not, you will be purchasing a property that may not be ready for a while, meaning that you’ll need a mortgage offer that has the correct validity to ensure that it doesn’t expire before you complete.

Our expert mortgage brokers will be able to recommend the lenders that are suitable for your new build mortgage making sure you have a stress-free application, and our relationships with the lenders will mean that you will avoid any hiccups along the way.

New Build Flats

Securing a mortgage for a new build flat is a little trickier, and that’s where we come in. For example, some lenders are more cautious when accepting a mortgage application for apartment buildings with unusual construction, so it’s important to know where to shop around for your mortgage loan to avoid disappointment.

Another factor that could affect your new build mortgage application would be if your new build flat is positioned above a commercial property and it’s also important to note that you may require a larger deposit, as some lenders offer up to 10% less LTV on a new build flat as opposed to a house.

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