New build mortgages

Get expert advice on mortgage options for your new build home.
Get started

Clear advice for buying a new home

Buying a new build can be so exciting, who doesn’t like something new! but the mortgage process often works a little differently. We can make this purchase become a reality for you by nagivating all the lender policy and technical details, leaving you to focus on your future in your new home.

At The Mortgage Heroes, we help you understand the requirements and secure a mortgage that fits your circumstances. We work with lenders who are comfortable with new build properties and guide you through the timing, paperwork, and deadlines that often come with buying from a developer.

Get started

What is a new build mortgage?

A new build mortgage is used to purchase a newly built property that has not previously been lived in. This includes homes bought directly from a developer, as well as properties purchased off-plan.

Many buyers are surprised to learn that new build mortgages come with additional criteria. Lenders may require larger deposits, have tighter affordability checks, or apply different rules depending on whether the property is a house or a flat.

Who can qualify?

New build mortgage criteria varies between lenders and property types. You may be suitable if you’re buying a newly built home directly from a developer, your deposit meets new build requirements, and your income supports the mortgage and ongoing costs.

Lenders will also assess whether the property meets construction and warranty criteria. If you’re buying off-plan or working to tight deadlines, we’ll help you understand what’s realistic early on.

How it works with The Mortgage Heroes

Get started

We help keep your new build purchase on track.

How it works with The Mortgage Heroes
1

Initial conversation

We discuss the property, developer timescales, and your finances.

How it works with The Mortgage Heroes
2

Lender matching

We identify lenders who support new build purchases and suit your circumstances.

How it works with The Mortgage Heroes
3

Clear recommendation

We explain your options clearly, including any timing or deposit considerations.

How it works with The Mortgage Heroes
4

Application management

We handle the mortgage application and liaise with the lender and solicitor.

How it works with The Mortgage Heroes
5

Support to completion

We stay involved through to mortgage offer and completion.

FAQs

  • Do I have to use the developer for my mortgage application?

    No. Developers may suggest preferred brokers or lenders, but you’re not required to use them. It’s often sensible to compare options independently to ensure the mortgage is the right fit for your circumstances.

  • Do I have to use the developer's recommended solicitors?

    Again, the answer is no. While the developer may offer a link with a solicitor, it is often a good decision to take a look at the wider market and consider which option looks best according to factors like reviews, fees, and services.

  • Do I need a larger deposit for a new build?

    No, not necessarily there are plenty of lenders that support smaller deposits including just a 5% deposit.

  • Can I get a mortgage if the property isn’t finished yet?

    Yes. Many lenders support off-plan purchases, subject to time limits on mortgage offers and expected completion dates.

  • Are new build flats treated differently to houses?

    Yes. Lenders often apply stricter criteria to new build flats, including higher deposit requirements or tighter affordability checks.

  • What warranties do lenders require?

    Most lenders require an approved new build warranty, such as NHBC or a similar recognised scheme, to ensure the property meets build standards.

  • What happens if the build is delayed?

    Some lenders may extend mortgage offers, but this depends on the lender and circumstances. We’ll monitor timelines and advise if any action is needed.

  • Can you offer developer incentives?

    Many developers offer incentives when you purchase a new build property, such as:

    • Deposit contributions
    • Stamp duty payments
    • Carpet installations
    • Gift cards

    We work with lenders who accept developer incentives, helping our clients transition more comfortably into their new homes.

New build buying explained

View All Guides

Guides covering deposits, off-plan purchases, developer deadlines, and common pitfalls.

View All Guides