New build mortgages

Donkey Finance is a leading mortgage provider with unrivalled access to more than a hundred different lenders, ranging from mainstream providers such as high street banks, through to a select panel of private investors who will consider any type of mortgage imaginableIf you are looking to buy a new build home then the type of mortgage you require will be somewhat different to a standard residential product and you may struggle to find suitable funding without professional help from an independent mortgaging expert such as ourselves.Many of the new build mortgage products we offer are quite simply unavailable through mainstream channels, so if you are interested in buying a brand new home from a developer and you need swift access to a competitive deal then get in touch with one of our FCA regulated and approved advisors today and enjoy the most competitive interest rates on the market with the lowest available borrowing costs.

Why choose a new build home?

It is common knowledge that the UK housing market is in a bit of a fix right now, with the demand for residential property far exceeding supply. For this reason, the government has introduced a number of initiatives that have been designed to help prospective homebuyers onto the property ladder whilst supporting developers at the same time. When purchasing a new build, you will often have the opportunity to pick and choose the fittings and fixtures yourself, meaning everything will be completely tailored towards your personal tastes and preferences before you even move in. You will also enjoy a number of bonus incentives and developer guarantees for your added benefit and peace of mind.If you are attracted to the thought of buying a brand new home that nobody has ever lived in before, a new build mortgage can help realise your dream. Unlike traditional mortgages, new build products often need to be arranged much more quickly so, once you have put down a deposit on a property you are interested in, you might find yourself having to secure the rest of the funds necessary to complete the purchase in as little as 28 days.At Donkey Finance, we can work incredibly swiftly in order to ensure your application is accepted and approved in a matter of 2 to 3 weeks. In some cases, we can even use our own funds whilst a more permanent funding solution is put into place. We can also provide short-term bridging loans which can be used in order to release the equity in your current home before a suitable buyer is found.

How much can I borrow?

In the case of new build houses, most lenders will offer LTV ratios of up to 85%. However, if you are looking to purchase a new build flat or self-contained apartment, the maximum LTV is usually 75%. Of course, the actual loan-to-value ratio can vary significantly from one lender to the next, but if you are struggling to raise the deposit and you have an existing property to use as collateral, we will find an appropriate solution on your behalf. Simply talk to one of our FCA regulated experts for free and impartial help and advice.For a quick idea of how much you can borrow on a New Build mortgage, use the following calculator: