New Build Mortgages
New build mortgages with extended offer validity, developer deadline management, and specialist new build flat and house criteria - from 130+ lenders who understand the specific requirements of purchasing a property that does not yet exist.
Extended offer validity and developer deadline management
Standard mortgage offers are valid for six months. New build completions frequently occur 6 to 24 months after exchange. Specialist new build lenders offer extended offer validity of 9 to 12 months - and in many cases will extend further where a build is delayed. Without the right lender, a buyer faces reapplying at whatever rate is current when the build finally completes.
Every new build mortgage type placed
Extended Offer Validity
Specialist new build lenders provide mortgage offers valid for 9 to 12 months - and will extend further in most cases where a build is delayed through no fault of the buyer. This protects against the rate risk of reapplying at the end of the offer period.
Houses vs Flats - Different Criteria
New build houses and new build flats have different LTV limits. Most lenders cap new build flat mortgages at 75-85% LTV, with a smaller panel available above 80% LTV. High-rise flats may require EWS1 cladding certification before a mortgage offer is issued.
Builder Incentives
Developer cashback, stamp duty contributions, and specification upgrades must be disclosed to the mortgage lender. Incentives above 5% of the purchase price are treated most restrictively. We ensure full disclosure and identify lenders most comfortable with your specific incentive package.
Mortgage Guarantee Scheme
New build properties up to £600,000 can qualify under the Mortgage Guarantee Scheme for 5% deposit mortgages. We work with MG Scheme approved lenders and advise on eligibility.
Shared Ownership New Build
New build Shared Ownership purchases require lenders approved for the Shared Ownership scheme with experience of new build timelines. We identify the most appropriate lender for your specific housing association and property.
Help to Buy Exit Remortgage
Borrowers with a Help to Buy equity loan reaching the end of their initial mortgage term need specialist lenders who can remortgage with the equity loan still in place. We manage the HTB Authority to Proceed process.
How it works
Developer and timeline details
Share the developer, property type, estimated completion date, and any incentives offered. We identify the lenders most appropriate for your specific development and timeline.
Offer secured in advance
We arrange the mortgage offer in advance of the completion date, confirming the offer validity period and the lender's extension policy. This protects against rate risk throughout the build period.
Builder incentive disclosure
All developer incentives are disclosed to the lender at application stage. We ensure this is handled correctly - incentive disclosure issues mid-application can delay completion.
Offer extension if needed
If the build is delayed, we manage the offer extension process with the lender before the original offer expires. Most specialist new build lenders extend without requiring a new full application.
Buying a new build property?
Compare 130+ specialist new build lenders - extended offer validity, developer deadline management. Same working day response.
Frequently asked questions
How long is a new build mortgage offer valid for?
Specialist new build lenders provide offers valid for 9 to 12 months. Most will extend further if the build is delayed through no fault of the buyer. Standard mortgage offers of 6 months are often insufficient for new build completions.
What LTV is available on a new build flat?
Most specialist lenders cap new build flat mortgages at 75-85% LTV, with a smaller panel above 80% LTV. High-rise flats - typically above 6 storeys - may require EWS1 cladding certification before a mortgage offer is issued.
Do builder incentives affect my mortgage?
Yes. All incentives must be disclosed to the lender. Their value is deducted from the purchase price when calculating LTV, which may affect the maximum loan and rate tier. Incentives above 5% of the purchase price attract the most restrictive lender treatment.
Can I use the Mortgage Guarantee Scheme on a new build?
Yes. The Mortgage Guarantee Scheme is available on new build properties up to £600,000. A 5% deposit is sufficient. We work with lenders approved for the scheme and advise on eligibility.
What if I complete before my mortgage offer expires?
No issue - you complete normally. The offer just needs to still be valid on the completion date. We monitor the offer expiry throughout the build period and manage any extension required.