New build property mortgages

For many who are buying a new build property, the process of getting a mortgage will be much like with any other property.

But some mortgage lenders do have specific new build property mortgage products that many may not necessarily be aware of.

These tend to be arrangements that a mortgage lender makes with specific developments, and so you may be given information about these at the time when you view a new build property and it may be promoted to you by the developers who are selling the properties.

In terms of the types of mortgages that are available on new build properties, there may be particular deals that are available and this varies from lender t olender, but standard products will tend to be made available such as a two year fixed rate mortgage or a five year fixed rate mortgage and so on.

Many providers of new build property mortgages also have an offset product that will allow you to offset the interest due on the mortgage against your savings or possibly current account and in that way help to reduce the total sum repayable on the mortgage.

Where the new build mortgage is offered by a mortgage lender on a specific set of developments, you will need to contact the lender to find out the developments that they currently offer this product on. They will often have some attractive offers such as being fee free, which can save a lot of money of course.

Buying Property

Mortgages

Buying Overseas

Tools and Resources

New build property mortgages

House Prices