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New Build Mortgages

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Secure an affordable new build mortgage

Buying a new build property can give you a home for life and also acts as a great investment. New build properties often negate structural problems or repair costs associated with some existing properties.

Lending for new build mortgages does have its quirks and professional mortgage advice is a prudent step prior to purchasing.

By choosing a specialist new build mortgage advisor to work on your behalf, you can take the stress and hassle out of the process and just focus on how you’ll decorate your new home.

Interested? Get in touch with an advisor today for more information.


A new build mortgage from a whole of market mortgage lender

Securing a new build mortgage doesn’t need to be any more expensive and complicated than a regular residential mortgage, we can often provide comparable lending that works for you.

For a new build house, a 10% deposit is a sensible starting point, and a 25% deposit for a new build flat is likely to achieve some of the more favourable rates. However, there are always exceptions to the rules so speak with us today..

Because we have access to more than 100 of the leading lenders on the market, we’ll be able to secure you a new build mortgage at a rate you can afford.

Plus, because you’ll get access to our exclusive broker only rates, you’ll get the very best deal based on your circumstances.

Contact us today to find out what kind of new build mortgage deal you could get.

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Buy your new build with a Help to Buy mortgage

If you’re a first-time buyer looking to secure a mortgage for a new build property, we can help you find a Help to Buy mortgage that puts your dream of home ownership within reach.

With access to a myriad of Help to Buy mortgage lenders there’s a deal out there for you.

You don’t need to worry about the application process because we’ll be right there by your side to guide you through from start to finish.

With regular communication from one of our specialist Help to Buy mortgage advisors, you’ll know exactly where you are in the process at all times.

And with Help to Buy mortgages available through us starting with as little as a 5% deposit, you can be assured you’ll be able to find a deal that’s right for you.


Use a shared ownership mortgage to buy your new build

If you’re struggling to find the finances for a deposit, we can help you find an affordable shared ownership mortgage for your new build property to get you on the property ladder.

With low deposit requirements meaning you only need 5%, we can help you get a share of a new build property quickly - typically between 25% and 50% of the ownership.

Plus, with a DNA Financial Solutions mortgage advisor by your side, you’ll be able to move through the application process smoothly, with no hassle.

Don’t risk delays costing you a foot on the property ladder.

Get in touch with a DNA Financial Solutions advisor and we’ll happily take you through your options.


Secure your new build mortgage with DNA Financial Solutions

Don’t let a complicated mortgage process put your dream of owning your new home at risk.

Working with DNA Financial Solutions means you can take the stress, hassle and uncertainty out of the process and get you through to a decision quickly.

We carry out our verifications for ID, income and expenditure digitally, meaning there’s no delays sorting through paper documents which can slow the process down. We can move applications through the process in hours, rather than days.

If you want to find out more about securing a new build mortgage for your home, contact one of our advisors today.

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FAQs

What is a new build mortgage?

A new build mortgage is a mortgage product that is specifically for homebuyers looking to secure a new build property. As such, they can only be used for buyers looking to purchase a new build.


Is it harder to secure a new build mortgage?

Sometimes it can be complicated to secure a new build mortgage with a select number of lenders to choose from. However, an experienced mortgage adviser can simplify the process for you and reduce any additional hassle you might experience trying to secure a new build mortgage on your own.


Is there any help available for first time buyers of new build homes?

If you’re a first-time buyer looking to secure a new build as your first home then you do have schemes available that can make the purchase easier and more affordable. The most popular scheme currently is the Help to Buy scheme, which provides a Government backed loan to first-time buyers to help them with the cost of buying a home. Explore the government website here. If you’re eligible for a homebuyer scheme, your mortgage adviser will be able to point you in the right direction and ensure you get all the backing you’re entitled to.


Is there a difference between buying a new build house vs a new build flat?

The only real difference you’ll notice is that some lenders are more willing to offer higher Loan to Value (LTV) rates on new build houses than flats – but this is typical for new build houses compared to existing houses too. It means you’ll generally find it easier to secure a new build house with a much smaller deposit than a new build flat. However, with new build purchase schemes like Help to Buy you can often negate or reduce any price differences. Your mortgage advisor will be able to guide you on the right move and the best mortgage product for you.


How much deposit do I need for a new build house or flat?

It is possible in some circumstances to secure a mortgage on a new build home with as little as 5% deposit – although this depends on the lender and your individual circumstances. Typically speaking, you’ll need a 10% deposit to secure a mortgage on a new build house, and 25% for a new build flat. Lower deposit rates are available through schemes like Help to Buy, but these are judged on a case-by-case basis. It’s always worth remembering that the higher the deposit you’re able to afford, the more favourable rates you’ll have access to, which will reduce your costs in the long run.