- Shared Ownership
- Specialist lending
Focusing on a newly built property is another choice available to homebuyers, such as prioritising a detached property, townhouse, cottage or perhaps a bungalow. And, whereas some prefer to opt for period features or character charm in a second-hand home, there is also the new build route – a blank canvas to put your own mark on it.
Weighing up the pros and cons of both is the best way to decide which route to take and here are some advantages if you decide to buy a new build.
Buying a new build house is a good option for first time buyers when it comes to choosing their new home. We know that everyone has different tastes and whilst some prefer period houses with character and features, others might prefer a new build property with a more modern feel, new environmental add-ons and typically a blank canvas which can be made their own.
There are lots of other reasons to buy a New Build home:
There are various schemes available to you including:
We’ll talk you through our lenders’ criteria and find the right product for you so you can start looking for your perfect home with absolute confidence and peace of mind.
With new builds, you aren’t at the mercy of other buyers and the house is ready to move into straight away as you aren’t waiting for previous owners to move out.
This can be a very attractive reason to choose a new-built home – removing a sometimes stressful element of moving property. Alleviating the chain means you stay in control and won’t be at the mercy of other buyers and the house is ready to move into!
The property will be untouched by any previous owners, leaving you with a blank canvas to work with and style up as your own.
New build homes come with a 10-year protected warranty. This means you can relax knowing that should anything untoward happen, you’re covered for up to 10 years.
The day-to-day running of a household can be quite expensive once you’ve broken it down by electricity, water rates, heating etc.
All new builds are built to the latest building standards, which include:
New builds are now roughly 50% cheaper to run and maintain than much older houses. This could equate to an annual saving of £1,410 for a 4-bed detached house through to a £440 saving for a 1-bed ground floor flat.
New build houses are built to excellent quality, from the new fixtures and fittings to lightweight trusses in the roof, double-glazed windows and insulated walls. The builders also work closely with local planners and the Environmental Agency to ensure they are creating a development that isn’t at risk of flooding
To find out more about New Build mortgages, click here.
Or feel free to call one of our friendly advisers on 01332 588645.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
The Bank of England held the Bank Rate at 5.25% in its February 2024 meeting, a move that was widely anticipated by market experts. The general view is that we...
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