New build mortgages

If you are purchasing a newly constructed property, you will require a mortgage specifically designed for new build properties. While there are numerous advantages to buying a brand-new property, obtaining a mortgage without professional assistance can be challenging.

Due to the extended duration it takes to construct newly built properties, mortgage lenders often perceive them as risky. As a result, the maximum loan to value (LTV) for new build mortgages is typically low. Consequently, you will usually need to pay a higher interest rate and provide a larger deposit in order to secure a mortgage.

Fortunately, at Fosters Financial, we have established excellent relationships with the leading mortgage lenders in the UK, including those specializing in new builds. This enables us to assist you in finding the ideal mortgage deal to suit your requirements. We understand the complexities involved in the process of purchasing a new home, which is why, in addition to finding you the best possible mortgage, we will also handle your entire application to ensure its success.

To schedule a consultation with one of our friendly advisors specializing in new build mortgages, please contact us or request a callback at your convenience today!

PLEASE NOTE THAT YOUR HOME MAY BE REPOSSESSED IF YOU FAILTO KEEP UP WITH YOUR MORTGAGE REPAYMENTS.