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New Build

Ever wanted to be the first person to live in your home?
Now you can!

*As a mortgage is secured against your home, it could be repossessed if you do not keep up with the mortgage repayments.

With new build properties becoming increasingly popular, we are seeing more new developments springing up all over the country.

The desire to be the first person to live in your new home, mixed with the excitement of picking out your own kitchen and bathroom designs has meant new build properties are in high demand.

When purchasing a New Build, especially if you are looking to finance this with a mortgage, there are a series of things you need to be aware of before you are parting with your deposit.

That’s why our advisors have plenty of experience in the New Build home area, and we have put together some points for you to remember.

New Build - Resolute Mortgages - Claydon, Ipswich

Speaking to a mortgage advisor who has experience in the New Build home area is essential. There are certain criteria that need to be met for lenders to accept a New Build property and bespoke products available to New Build Homes.

By speaking to one of our advisors, you will receive a tailored recommendation based on your circumstances.

Also, be mindful of the builders’ deadlines.  Most developers will have an anticipated future build date and expect an exchange well before a completion date is discussed.   By working closely and quickly with an advisor, you can be sure you are able to obtain your mortgage before parting with your deposit.

There will be other key milestones you need to reach within the developer’s timescales and we can help assist in getting you to each one.

Other items that can be sometimes forgotten about are builders’ warranties, service charges, ground rents, and even resale covenants.

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