NEW BUILD MORTGAGES

Buying a new build? We’ll
help you move in with
confidence.

From developer deadlines and exchange timescales to lender criteria and
affordable mortgage options, we’ll guide you through the new build
mortgage process from enquiry to completion.

✔ Whole of Market Mortgage Advice
✔ Free Consultation
✔ Support from enquiry to completion

Book Your Free Consultation

New Build Essentials

🏗️
Reserve your plot

We’ll explain the reservation process and help you secure a mortgage within the developer’s required timescales.

💰
Deposit requirements

We’ll advise how much deposit you’ll need and identify lenders offering competitive options for new build properties.

📅
Mortgage offer expiry

Some new builds take months to complete. We’ll recommend lenders whose mortgage offers suit your expected completion date.

🎁
Developer incentives

We’ll explain how incentives such as deposit contributions or upgrades may affect your mortgage application.

Why Choose Liberty Money?

Whether you’re buying your very first home or your next property, we’ll compare mortgages from a wide range of lenders to find the solution that best fits your circumstances.

We’ll explain every step clearly, keep your application moving and work closely with your developer, solicitor and lender to help avoid unnecessary delays.

Independent mortgage advice

Clear comparison of your options

Support from review to completion

Advice tailored to your plans

Costs to Consider When Buying a New Build

Buying a new build home can involve different costs and timescales compared with purchasing an existing property. We’ll explain everything upfront so you know exactly what to budget for.

Reservation Fee

Most developers require a reservation fee to secure your chosen plot. We’ll explain how this works and when it’s deducted from your purchase.

Deposit

We’ll help you understand the deposit you’ll need and explore lenders offering competitive options for new build purchases.

Mortgage Product Fees

Some mortgage products include arrangement fees, while others offer fee-free options. We’ll compare both to find the best overall value.

Valuation Fees

Many lenders include a free valuation, although some may charge depending on the mortgage selected.

Legal Fees

Your solicitor will handle the legal work, including contracts and completion. Some lenders offer free legal services or cashback.

Adviser Fees

We’ll explain our fees clearly before you proceed, so you’ll always know exactly what to expect.

Frequently Asked Questions

Yes, some lenders offer mortgages with a 5% deposit, although the options available will depend on your circumstances and the property you’re buying.

Developers often require buyers to exchange contracts within a set period after reserving a property. We’ll help ensure your mortgage application progresses as quickly as possible.

Build completion dates can change. We’ll work with your lender to discuss extensions or alternative options if your mortgage offer is due to expire.

This varies between lenders. Some offers last six months, while others remain valid for much longer. We’ll recommend lenders whose offers suit your expected completion date.

Yes, many developers offer incentives such as deposit contributions or upgraded fixtures. Some incentives may affect your mortgage, so we’ll explain how lenders assess them.

Many lenders have specific criteria for new build properties, including maximum loan-to-value limits and acceptable incentives. We’ll recommend lenders that best fit your circumstances.

Yes. Many lenders finance new build flats, although the lending criteria may differ from houses. We’ll compare the available options for you.

Ideally, you should arrange an Agreement in Principle before reserving your plot. This gives you confidence about your budget and helps the process move more quickly.

Your lender will arrange a valuation, but you may also choose to have an independent snagging inspection carried out before completion.

New build purchases often involve tighter deadlines and more specialist lender criteria. We’ll help you choose the right lender and manage the process from reservation through to completion.

Ready to Buy Your New Build Home?

Whether you’ve already reserved your plot or are just starting your search, we’re here to help you find the right mortgage and guide you through every stage of your purchase.

Book Your Free Consultation

Explore Related Mortgage Guides

Many of our clients explore more than one mortgage option before deciding what’s right for them. Here are some related guides that may also be useful.

First-Time Buyers

Need extra funds for home improvements, an extension or another major purchase? Discover your options.

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Home Movers

Coming to the end of your fixed rate or looking to reduce your monthly payments? Learn about your remortgage options.

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Shared Ownership

Buying your first home? Follow our step-by-step guide to understand the mortgage process with confidence.

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