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New build mortgages

Whole of market mortgage advice including exclusives not available on the high street

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What is a new build mortgage?

A new build mortgage is designed specifically for purchasing newly constructed or off-plan properties. These mortgages include unique features to accommodate construction timelines and developer requirements, making them different from standard home loans.

Extended mortgage offer periods

Your mortgage offer is typically valid for longer than standard mortgages, giving you peace of mind if construction takes longer than planned.

Special deposit options

Access lower deposit requirements and exclusive deposit schemes designed specifically for new build purchases.

Built-in protection

Benefit from comprehensive protection through builder's warranties and guarantees, which lenders take into account when approving your mortgage.

Competitive rates

Take advantage of exclusive new build mortgage rates, often featuring special deals arranged between developers and lenders.

Government scheme eligibility

Access various government-backed schemes designed to help you buy a new build property, potentially reducing your deposit or monthly payments.

Off-plan purchasing power

Secure your mortgage before your home is built, allowing you to reserve your dream property at today's prices.

Types of new build mortgages

Fixed-rate mortgages

Fixed-rate mortgages: secure a guaranteed interest rate for 2-5 years, providing payment stability and protection against interest rate rises.

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Variable-rate mortgages

Interest rates that can change based on market conditions, potentially offering lower initial rates but with less payment certainty.

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Help to buy schemes

Government-backed initiatives allowing purchases with smaller deposits, including First Homes scheme offering 30-50% discounts to eligible first-time buyers.

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Buy a new-build with a 
Rate Reducer mortgage

Own New works behind the scenes with home builders and lenders to enable reduced rate mortgages on new builds. You get a normal mortgage and own 100% of your home.

Why buy an Own New new build

  • Enjoy low interest rates*
  • Start with deposits from just 5%
  • Get 100% ownership of your home
  • Perfect for first time buyers and movers
  • Available for houses or flats

How it works

  • Find an eligible new home you love
  • Apply through our Own New service
  • We’ll determine if our Rate Reducer is right for you
  • Get your mortgage approval
  • Own 100% of your new home
*The quoted interest rate is applicable for the initial term of the mortgage.

Step-by-step application process

1

Pre-approval

  • Initial consultation and affordability check
  • Agreement in principle from lender
  • Property reservation with developer
2

Application

  • Full mortgage application submission
  • Property valuation
  • Document verification
  • Underwriting process
3

Approval and closing

  • Formal mortgage offer
  • Exchange of contracts
  • Construction completion
  • Final inspection
  • Completion and key handover

Eligibility criteria

We have over 20 years experience, have thousands of satisfied clients and take pride in providing the highest standards of customer service.

Basic requirements

  • Minimum 5-15% deposit (varies by lender)
  • Good credit history
  • Proof of regular income
  • Affordability assessment
  • Maximum age requirements at end of mortgage term

Documentation

  • Proof of ID and address
  • Last 3 months’ payslips
  • Last 3 months’ bank statements
  • P60 form
  • Proof of deposit
  • Reservation agreement from the developer

What our customers say about our service

Our mortgage services have received great feedback from our customers. All reviews are left on our Google Reviews page attributed to real people.

James at Asset Mortgage Solutions was fantastic. He was able to answer all of our questions and give advice where we needed it, helping us secure our first new build.

We have worked with Joe several times now, for both new mortgages and renewals, and every experience has been seamless. Joe is knowledgeable and professional.

Joe has been exceptionally helpful, flexible, and responsive throughout my first home purchase, always making himself available for a quick call whenever needed.

James at Asset Mortgage Solutions was fantastic. He was able to answer all of our questions and give advice where we needed it, helping us secure our first new build.

We have worked with Joe several times now, for both new mortgages and renewals, and every experience has been seamless. Joe is knowledgeable and professional.

Joe has been exceptionally helpful, flexible, and responsive throughout my first home purchase, always making himself available for a quick call whenever needed.

James at Asset Mortgage Solutions was fantastic. He was able to answer all of our questions and give advice where we needed it, helping us secure our first new build.

We have worked with Joe several times now, for both new mortgages and renewals, and every experience has been seamless. Joe is knowledgeable and professional.

Renewing my mortgage with Steve was an absolute breeze. He took care of everything, with great fast communication keeping me at ease throughout the process.

Impeccable levels of service from Steve and the team. Very friendly, knowledgeable and quite clearly experts in their area of business.

Joe took care of the mortgage plan for our investment property and he was absolutely amazing. His professional advice and prompt response made everything smooth.

Joe demonstrated an in-depth understanding of the mortgage process and provided us with valuable advice that made navigating our options much easier.

Renewing my mortgage with Steve was an absolute breeze. He took care of everything, with great fast communication keeping me at ease throughout the process.

Impeccable levels of service from Steve and the team. Very friendly, knowledgeable and quite clearly experts in their area of business.

Joe took care of the mortgage plan for our investment property and he was absolutely amazing. His professional advice and prompt response made everything smooth.

Joe demonstrated an in-depth understanding of the mortgage process and provided us with valuable advice that made navigating our options much easier.

Renewing my mortgage with Steve was an absolute breeze. He took care of everything, with great fast communication keeping me at ease throughout the process.

Joe is incredibly knowledgeable and patient, guiding us through the mortgage process for our first home purchase. His quick responses made everything stress-free.

James has been extremely helpful guiding us through the process as first-time buyers. His quick responses and patience made everything much easier than expected.

Joe provided exceptional service as our mortgage advisor. As first-time buyers, we greatly appreciated his expert guidance throughout the process.

Joe is incredibly knowledgeable and patient, guiding us through the mortgage process for our first home purchase. His quick responses made everything stress-free.

James has been extremely helpful guiding us through the process as first-time buyers. His quick responses and patience made everything much easier than expected.

Joe provided exceptional service as our mortgage advisor. As first-time buyers, we greatly appreciated his expert guidance throughout the process.

Joe is incredibly knowledgeable and patient, guiding us through the mortgage process for our first home purchase. His quick responses made everything stress-free.

James has been extremely helpful guiding us through the process as first-time buyers. His quick responses and patience made everything much easier than expected.

Our advisors are here to help

Our CeMAP-qualified advisers guide you every step of the way, providing expert mortgage advice from consultation to completion.

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