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    We Make New Build Mortgages Simple to Understand and Access

    New build mortgages are loans specifically designed for individuals looking to purchase a brand-new home or off plan (one that is yet to be built). With no buying chain and affordable buying options, it’s a popular choice for first-time buyers.

    Your mortgage options can be different from traditional mortgages because they are tailored to the unique circumstances of buying a brand-new home. A deposit for a new build will typically be around 15%, although more and more lenders are starting to offer mortgages with as little as a 5% deposit.

    There is also the option to buy through an Own New Rate Reducer Scheme, which enables you to pay a lower mortgage rate.

    As a whole of market broker, we work alongside a wide range of banks and lenders, such as Halifax, Accord Mortgages and Nationwide, to help you get a mortgage that works for you.

    Below are some of the lenders we deal with, however we have access to the whole of the market, including exclusive deals that you won’t be able to find yourself.

    How Can Agentis Financial Help You?

    Agentis is the trusted mortgage broker Peterborough, for first-time buyers in the UK. Whether you want to learn more about different types of mortgages for first-time buyers or government-backed schemes, we’re the name you can trust for professional, Whole of Market mortgage advice. 

    When you sit down with one of our first-time buyer mortgage advisers, you’ll be encouraged to put down between a 5-20% deposit on your home. We recommend putting more than 5% down on your property, so you can enjoy a cheaper interest rate on your mortgage payments. To apply for a mortgage, you’ll need to prove to a lender that you can afford and continually make monthly mortgage payments even if interest rates rise or the unexpected happens. Contact us with any questions or concerns and let’s get the conversation started today. We can help you save money as a first-time buyer!

    What Our Customers Think

    Star Rating Icons Agentis Financial & Mortgage Solutions

    We cannot recommend Christine from Agentis enough. She has arranged our mortgage for the past 8 years and makes the whole experience so easy and stress free. She is extremely knowledgable and always secures us the best possible mortgage – we wouldn’t use anyone else! Highly recommended.

    Clare Gray

    Star Rating icons Agentis Financial & Mortgage Solutions

    I couldn’t be more happier by choosing Agentis Financial for my first mortgage. I appreciated the time Christine took to explain everything to me and to answer the questions I had. Been very helpful and negotiated the offer for me, saved £3000! Thank you so much

    Indre Talmantaite

    Star Rating Icons Agentis Financial & Mortgage Solutions

    I will never use anyone else. Agentis have helped me with house purchases and re mortgages. I have also recommended them for my sisters first time buy. Christine is always a pleasure to deal with and never fails to get you the best deal.

    James Astill

    New Build Mortgages Explained

    This type of mortgage has different requirements and terms compared to traditional ones for existing properties. One of our expert brokers will be able to provide straightforward advice to help you secure your new home with the right scheme or loan.

    How much you can borrow will depend on a variety of factors, such as your income, credit score, and the lender’s criteria.

    They can be a great option for first time buyers looking to purchase a modern and energy-efficient property and make their first step on the property ladder. But it is also important to carefully consider all the intricacies involved in the process before making a decision.

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    The New Build Mortgage Process

    The process for securing a loan for a new build will involve applying for a mortgage with a lender and providing necessary documentation, such as proof of income and credit history. Once approved, the lender will disburse the loan amount, allowing you to complete the purchase.

    It’s important for borrowers to carefully consider their financial situation and the terms of the mortgage. Working with a knowledgeable mortgage broker can help simplify the process and ensure a successful outcome.

    Peterborough Property News

    The property market in Peterborough is thriving with new developments, making it an exciting place for buyers and investors. Find out more about buying new build and shared ownership properties in and around Peterborough.

    Need further help? Speak to one of our friendly advisors, who can help point you in the right direction for getting on the property ladder.

    Frequently Asked Questions

    Got a question? We’ve answered the common FAQs we get around new build mortgages below. If you need further help, don’t hesitate to get in touch with us.

    How much deposit do I need for a new build?

    Lenders typically offer different loan-to-value ratios for new build mortgages, depending on whether you are purchasing a flat or a house. For example, Nationwide may provide a maximum 75% LTV mortgage for new build flats, requiring a 25% deposit, while offering up to 85% LTV for new build houses with a 15% deposit. However, these ratios can vary among different lenders.

    Can you reserve a new build home without a mortgage?

    Yes, it is possible to reserve a new build home without a mortgage in the UK. When reserving a new build home, developers typically require a reservation fee to secure the property for a certain period of time. This fee is usually non-refundable and can vary depending on the developer and the property.

    Are interest rates different for new build mortgages compared to existing properties?

    Interest rates are typically competitive and can be similar to those for existing properties. However, it’s essential to compare rates and terms from different lenders to find the most suitable option for your specific circumstances.

    Can I secure a new build mortgage before the property is finished?

    Yes, some lenders offer new build mortgages with early commitment or reservation options. This allows you to secure a mortgage offer before the construction is complete, providing peace of mind during the buying process.

    Can I use a government-backed Lifetime ISA for a new build mortgage?

    Yes, a Lifetime ISA can be used towards the purchase of a new build property. These savings accounts offer government bonuses that can contribute to the overall deposit or purchase costs.