As a mortgage broker partner for Seymours Estate Agents, we are attending the off-plan launch of Green Oak Park in West Horsley – a development comprising 21 two, three and four bedroom houses situated on the edge of the North Downs – on Saturday 14th October. We will be on hand to advise people interested in getting a new build mortgage. But just how easy is it to get new build mortgages?

Busting the new build mortgage myth

As a Guildford mortgage broker that’s been helping people apply for a new build mortgage for 18 years, one thing has become clear to our team of Guildford mortgage advisers: there’s a huge misconception that getting a new build mortgage is more difficult than getting traditional mortgages.

So let us bust that myth. It’s really not.

Over the years, people have also come to assume that it’s harder to get a mortgage for a new build flat than a house. However, through our panel of lenders, we can get up to 95% loan to value new build mortgages – regardless of property type, albeit the number of lenders offering 95% mortgages is limited.

Of course, it does depend on the income of the person – or people – applying for the mortgage, and we’ll be able to quickly and easily establish your affordability during an initial conversation.

The HomeOwners Alliance has also prepared a useful new build mortgage calculator, which should help you roughly establish the budget you need to work to in advance of speaking with one of our mortgage brokers in Guildford.

We can also help our clients leverage the Deposit Unlock scheme, which was developed by the Home Builders Federation to help first-buyers buy a new build home – although it’s worth noting that this scheme can only be accessed if the property’s developer is signed up to the scheme.

You can find out which developers are signed up here.

Next steps for new build mortgages

If you’re looking at buying a new build property then you won’t need us to tell you the benefits over and above the fact that it provides a chain-free and low maintenance property purchasing opportunity.

However, if you need new build mortgage advice in Surrey, then our team of Surrey mortgage brokers are on hand to help. You can reach us direct on 01483 238280 or by e-mailing info@complete-mortgages.co.uk. Alternatively, to view any of the properties currently available at the Green Oak Park development, please click here.

We’re not just a new build mortgage specialist. We also specialise in first-time buyer mortgages, buy to let mortgages, lifetime mortgages and adverse credit mortgages.