There are a variety of mortgage providers prepared to lend to you for a new build property. There are different options on how you will be financing the property. This depends on the developer.
For example, in some cases the developer shares the appreciation of value in the property, known as 'shared equity'. Some developers offer an incentive such as a 'deposit' that they pay towards your new home. The amount the developer offers vary depending on the development company.
'Shared ownership 'with a local authority or developer may also be an option. If the property is suitable security for a mortgage, then lenders may be interested, particularly if the developers are offering discounts.
Mortgage Saints Ltd is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Services Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage
