New build boosts

Shared ownership mortgages and help with builders' incentives.

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Helping clients purchasing new builds

We can help if the property:

Has not been built yet
Is purchased off-plan
Is currently being built
Has been built but has not been lived in

More information about our new build boosts

Our new build boosts include:

Gifted deposits are accepted from immediate family members.
Shared Ownership mortgages of 25% - 75% of the new build value. Find out more about shared ownership.
An 8 month offer period with an 8 month extension if the build is delayed.
Flats, studios, maisonettes and apartments will be considered with no limit on the number of storeys (subject to lending criteria).

To help with affordability:

We accept a wide range of builder’s incentives including unlimited upgrades. We will accept gifted deposits up to 5% of the property value plus other incentives including stamp duty payments and legal fees.

How much do we lend?

New build homes (residential): Up to 95% LTV.
New build flats (residential): Up to 90% LTV.
All new builds (Buy to Lets): Up to 75% LTV.
Help to buy Wales: Up to 75% LTV.
Shared Ownership: 25% - 75% of properties value.

• Cash Builder's incentives, for example legal fees, cashback, mortgage subsidies are acceptable up to a maximum of 5% of the property purchase price.

• We can accept multiple cash incentives if they do not exceed 5% of the property purchase price in total.

• Builders gifted deposit are acceptable up to a maximum of 5% of the property price. The client will also need to put down a minimum of 5% deposit from their own funds.

• There is no maximum limit on total incentive support where a 5% builder’s gifted deposit is combined with a stamp duty incentive—both can be accepted together in this scenario.

• Incentives are considered by the surveyor and need to be fully disclosed on the UK Finance Disclosures Form. We're not responsible for any information contained on external websites.

We’ll accept family gifted deposits, as long as:

it is documented that no repayment of the gift is expected.
the family member gifting the deposit has no legal interest in the property.

We’ll accept applications from clients who are supported by Help to Buy Wales.

Help to Buy Wales is an equity loan from the Welsh Government that your client can put towards the cost of buying a newly built home. It provides support to people who would not be able to get onto the property ladder without the scheme.

Visit Help to Buy Wales for more information. Please note we're not responsible for any information contained on external websites.

We accept new build mortgage applications from:

Up to 4 applicants using all 4 incomes.
Non-EEA foreign nationals.
Those who access help from their family using our Joint Borrower Sole Proprietor solution.

We’ll accept a number of new build guarantee schemes:

NHBC
Building Life Plans
LABC New Home Warranty
Castle 10
Zurich Municipal
HAPM (Housing Association Property Mutual)
Premier Guarantee
Build-Zone structural warranty
Architects' certificates are acceptable subject to valuation and a maximum LTV of 90%

For the full list of new build warranty providers visit the UK Finance Mortgage Lenders' Handbook. Please note we're not responsible for any information contained on external websites.