New Builds
Specialist support for newly built properties.
Our New Build service is designed to meet the unique requirements of clients purchasing newly constructed or recently converted homes. We’re able to support a wide range of client types, each with their own priorities and challenges. Whether it’s speed, flexibility, or simplicity, we’ll help you place cases with confidence.
Why choose New Build mortgages with us?
We take a practical approach to New Build cases:
- Builder incentives up to 5% of the purchase price accepted
- Soft credit footprint at AIP stage
- Valuation instructions issued from day one
- Online offers available, including online case tracking
- Offers valid for 9 months, with potential 6 month extension (subject to reassessment and revaluation).
First Time Buyers
New builds can appeal to first time buyers, with practical benefits for those trying to get onto the property ladder for the first time. Our New Build service is ideal for clients who:
- Want a simpler purchase with no onward chain
- Are attracted by lower maintenance and energy costs
- May benefit from developer incentives
- Are looking for a home they may be able to personalise before moving in.
Home Movers
New builds can suit clients who are relocating or upsizing and want a straightforward move into a modern home. Our New Build service is a good fit for clients who:
- Are busy families or professionals looking for a home that’s ready to move into
- Need longer offer validity to match build completion dates
- Value energy efficiency and lower running costs.
Part Exchange Clients
New builds can support clients using part exchange schemes by helping reduce uncertainty and delays in the moving process. Our New Build service is well suited to clients who:
- Want to avoid the complications of a property chain
- Need a clearer path to completion
- Are looking for a smoother transition into their new home.
Criteria at a glance:
Maximum LTV:
- Up to 85% for houses
- Up to 80% for flats
- Up to 90% for Energy Efficient New Build properties, EPC rating A-B (Bespoke only).
Eligible properties:
- Built or converted within the last 12 months, and subject to a first sale (even if previously occupied).
Accepted New Build property warranties:
All newly built properties (under 10 years old) must be covered by one of the following:
- NHBC
- Premier Guarantee
- Building Lifeplan
- Build Zone
- LABC New Home Warranty
- Castle 10 (Checkmate)
- Construction Register Ltd (CRL) – existing properties only
- Global Home Warranties (GHL)
- Q Policy (Q Assure Build)
- International Construction Warranties (ICW)
- Protek
- Advantage HCI
- Homeproof (formerly Aedis Warranties Ltd)
- BOPAS developments underwritten by BLP (Building LifePlans Ltd)
Builder incentives we accept:
We accept a wide range of builder incentives, provided they do not exceed 5% of the purchase price (individually or combined):
- Stamp Duty / LBTT
- Legal Fees
- Valuer’s Fees
- Moving Costs
- Estate Agent Fees
- White Goods
- Landscaping
- Fixtures & Fittings
- Option Vouchers (no cash value)
- Cashback
- Builder’s Deposit
- Part Exchange
- Other Financial Incentives
- Gifts (e.g. cars, holidays)
- Mortgage Subsidy
Note: Guaranteed rental income schemes are not accepted.
Top tips for a speedy online offer:
- Select the online offer option when submitting the case
- Provide all requested documents together
- Ensure accurate contact details for all applicants
- Check whether both signatures are required on the applicant’s bank account (online offers are not available if two signatures are required).
Next Steps?
Check out our full lending criteria
To see if your client meets our affordability requirements look at our full lending criteria
Search our product ranges
You can select any of our products for clients purchasing New Build properties - simply search our current rates
