new build homes bath

New Build Homes Mortgages in Bath

Are you looking to purchase a new build property in Bath? You may wonder why it's often trickier to secure a great mortgage deal on a new build home. This is because lenders see these mortgages as a little riskier due to the chance that the value of the property could fall in its early years. It's rather an unknown entity in the present moment. This is why using a mortgage broker takes so much stress out of the search and application process.

Generally, the process of applying for a mortgage is the same regardless of whether your home is new or older. However, there are some things you need to be aware of when arranging a mortgage to buy a new build property.

Some lenders have special new build mortgages because they understand the process and appreciate that delays may happen.

How Much deposit do I Need for a New Build Home?

You will need at least 5% but probably more. The UK's Help to Buy scheme is currently due to end on the 31st October 2022.

There are lots of advantages of buying a newbuild property and Bath currently has a few developments on offer.

Let us guide you throught the process. We'll be there from start to finish, available to help at the end of the phone. We'll hold your hand all the way and make the journey as smooth a ride as possible.