Mortgages For New Build Property

If you have found a new build property and require a mortgage then we can help. Either as a first time buyer or home mover we can help find you the perfect mortgage deal. Simply use the comparison tools found here or speak with one of our mortgage experts for advice and help finding the right new build mortgage deal.

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Mortgage Expert



Mortgage calculator - How much do you want to borrow?

Searching: Standard

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Direct 2 Year Discount £995 Fee Product Transfer

Initial Rate
1.23%

Mortgage Type
Discount

Duration
Jun-2019

Monthly Payment
£464.83

APR
4.2%

compare

Intermediary 2 Year Fixed £1499 Fee

Initial Rate
1.23%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£466.78

APR
4.1%

compare

Direct 2 Year Discount £995 Fee

Initial Rate
1.23%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£464.83

APR
4.3%

compare

2 Year Fixed £999 Fee Existing Borrowers

Initial Rate
1.24%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£465.48

APR
3.4%

compare

Direct 2 Year Fixed £999 Fee Standard

Initial Rate
1.24%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£465.02

APR
3.4%

compare

2 Year Tracker £999 Fee Existing Borrowers

Initial Rate
1.24%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£465.48

APR
3.4%

compare

Direct 2 Year Fixed £749 Fee C/A Premier/Advance Standard

Initial Rate
1.24%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£464.05

APR
3.4%

compare

Direct 2 Year Fixed £1495 Fee

Initial Rate
1.26%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£468.43

APR
4.3%

compare

Direct 2 Year Fixed £1695 Fee

Initial Rate
1.27%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£469.77

APR
4.3%

compare

Direct 2 Year Fixed £995 Fee Purchase

Initial Rate
1.28%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£467.60

APR
3.5%

compare

Intermediary 2 Year Tracker £995 Fee Purchase

Initial Rate
1.29%

Mortgage Type
Tracker

Duration
Apr-2019

Monthly Payment
£468.29

APR
3.5%

compare

Direct 2 Year Tracker £995 Fee Purchase

Initial Rate
1.29%

Mortgage Type
Tracker

Duration
Apr-2019

Monthly Payment
£464.41

APR
3.5%

compare

Direct 2 Year Fixed £1499 Fee Existing Borrower

Initial Rate
1.29%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£470.12

APR
4.3%

compare

2 Year Discount £999 Fee

Initial Rate
1.3%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£468.80

APR
4.9%

compare

2 Year Discount £999 Fee (Scottish)

Initial Rate
1.3%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£468.80

APR
4.9%

compare

Direct / Semi Exclusive 2 Year Fixed £800 Fee

Initial Rate
1.31%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£468.50

APR
5.2%

compare

Direct 2 Year Fixed £1495 Fee

Initial Rate
1.32%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£471.90

APR
3.9%

compare

Direct 2 Year Fixed £995 Fee Existing Borrower

Initial Rate
1.33%

Mortgage Type
Fixed

Duration
Mar-2019

Monthly Payment
£470.38

APR
3.8%

compare

Intermediary 2 Year Fixed £499 Fee Product Transfer <£500k

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£468.99

APR
4.2%

compare

Direct 2 Year Fixed £1499 Fee

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£472.32

APR
4%

compare

2 Year Fixed £999 Fee

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£471.03

APR
3.4%

compare

Intermediary 2 Year Tracker £999 Fee

Initial Rate
1.34%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£470.95

APR
4.1%

compare

2 Year Tracker £999 Fee

Initial Rate
1.34%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£471.03

APR
3.4%

compare

Intermediary 2 Year Fixed £999 Fee <£500k

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£470.95

APR
4.2%

compare

Direct 2 Year Fixed £1450 Fee

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£467.03

APR
3.4%

compare

FTB 2 Year Tracker £999 Fee

Initial Rate
1.34%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£471.03

APR
3.4%

compare

Direct 2 Year Fixed £999 Fee Existing Borrower C/A

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£471.03

APR
3.4%

compare

Direct 2 Year Tracker £999 Fee Existing Borrowers C/A

Initial Rate
1.34%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£471.03

APR
3.4%

compare

Direct 2 Year Fixed £999 Fee Switcher

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£471.03

APR
3.3%

compare

Direct 2 Year Tracker £999 Fee Switcher

Initial Rate
1.34%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£471.03

APR
3.3%

compare

2 Year Fixed £999 Fee

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£470.95

APR
4%

compare

2 Year Fixed £999 Fee (Scottish)

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£470.95

APR
4%

compare

FTB 2 Year Fixed £999 Fee

Initial Rate
1.34%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£471.03

APR
3.5%

compare

2 Year Fixed £1395 Fee

Initial Rate
1.35%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£473.14

APR
4.8%

compare

Intermediary 2 Year Fixed £995 Fee

Initial Rate
1.37%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£472.61

APR
4.8%

compare

Intermediary 2 Year Fixed £999 Fee

Initial Rate
1.38%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£473.18

APR
4.1%

compare

Intermediary 2 Year Fixed £995 Fee Purchase

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£473.86

APR
3.5%

compare

Intermediary 2 Year Fixed £499 Fee Product Transfer <£500k

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£471.77

APR
4.2%

compare

Direct / Semi Exclusive 2 Year Discount £1000 Fee

Initial Rate
1.39%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£472.76

APR
4.6%

compare

Direct / Semi Exclusive 2 Year Fixed £1250 Fee

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Feb-2019

Monthly Payment
£473.75

APR
4.6%

compare

Intermediary 2 Year Fixed £999 Fee Purchase

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Mar-2019

Monthly Payment
£473.74

APR
3.5%

compare

Flexx For Term £999 Fee

Initial Rate
1.39%

Mortgage Type
Variable

Duration
Term

Monthly Payment
£473.74

APR
1.5%

compare

Direct 2 Year Fixed £1695 Fee Purchase

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£476.49

APR
4.3%

compare

Direct 2 Year Fixed £1475 Fee

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£475.62

APR
4.3%

compare

Direct 2 Year Fixed £1695 Fee Remortgage

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£476.49

APR
4.2%

compare

Direct 2 Year Fixed £995 Fee Purchase

Initial Rate
1.39%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£473.86

APR
3.5%

compare

2 Year Fixed £995 Fee Purchase

Initial Rate
1.4%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£474.31

APR
4.3%

compare

Direct 2 Year Fixed £995 Fee Purchase

Initial Rate
1.41%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£474.96

APR
3.5%

compare

Direct 2 Year Fixed £995 Fee Purchase

Initial Rate
1.41%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£474.96

APR
3.5%

compare

Intermediary 2 Year Fixed £995 Fee Purchase

Initial Rate
1.41%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£474.96

APR
3.5%

compare



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Recent mortgage Q&A

What mortgages are available if i want to buy a new build property?

New build mortgages

There are many reasons why you might be considering buying a newly built home. No-one else will have lived there, the home will be brand new and you can put your stamp on it and in some cases you will be able to specify the fixtures and fittings as the house is built. However, as with anything there are always two sides to consider when looking for a suitable mortgage.

How do lenders feel about lending on newly built properties?

You are likely to find that most mortgage lenders will allow you to take out a mortgage on a new house, but you are also likely to find that many lenders will not provide you with a mortgage to buy a newly built flat. Lenders will also generally require a larger deposit on newly built homes than for second hand properties.

Available mortgages

Application fees

Most people buy a newly built home using a standard mortgage, but there is now also the NewBuy mortgage scheme that can assist you in buying a newly built property if you have a 5% deposit. The lenders that are taking part in this scheme are limited and each housing developer often has a link with a specific lender and thus will give you no choice about the mortgage you take out. The NewBuy scheme is open to anyone and works on the basis of providing you with an equity loan in order to boost your deposit to 25% of the property value to reduce the amount of risk the lender takes on providing you the mortgage. However you do need to be aware that although the equity loan is interest free for the first 5 years, it then starts attracting interest, starting at 1.75% in the first year, and then increasing every year after that, so it is best to have a plan to repay at least part of it after 5 years or you could end up with a very large loan debt when it comes to repaying it at the end of your mortgage term.

Things to be aware of

If your home is not yet built then you may find it difficult to apply for a mortgage using just the plans. You will also find that most mortgage lenders will not actually release any money for the purchase until the new property is complete. It is not just the property itself that can affect a mortgage, the state of the roads around the new estate can also cause problems if they are unfinished as this can cause problems in getting your mortgage finalised. You also need to be aware that some new builds require you to pay for it in stages, so as a stage is completed you will then have to make a payment. This can be difficult if you have an existing mortgage in place on your current home. You should also be aware that if you have to sell your new home within a couple of years of buying it, here is the chance that you may possibly be unlikely to sell it for as much as you paid.

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