New Build Home Mortgages

If you're buying a brand-new property directly from a developer, a new build mortgage can help you secure the home while navigating the unique requirements that come with this type of purchase. New builds often involve tight deadlines, staged payments, and differing valuations, all things lenders treat differently from standard property purchases.

At SND Mortgages, we help you find the right lender for your chosen development, with advice tailored to your build type, deposit, and timeline.

Yes, you can get a mortgage on a new build house or flat, but lenders often apply different rules. Some may require a larger deposit, particularly for new build flats, while others may have strict timeframes for completion.

We’ll assess your situation and match you with lenders who support your new build purchase and can work within the developer's deadlines.

For a new build house, most lenders require at least a 10 percent deposit, but some may accept 5 percent with schemes like Deposit Unlock or Shared Ownership. New build flats often require a higher deposit.

We help you explore all your deposit options and available schemes so you can get started with confidence.

Lenders will carry out a valuation to confirm the property is worth the price you’re paying. With new builds, especially those off-plan, there’s always a risk of a down valuation. This means the lender values the property lower than the developer’s asking price.

We help you prepare for this possibility and offer advice on what to do if it happens, from negotiating with the developer to reviewing your loan options.

Yes, some lenders offer mortgages for properties that are not yet built. These are known as off-plan mortgages. Lenders will give you a mortgage offer based on the expected value at completion, but the offer is usually only valid for six to twelve months.

We’ll help make sure the timing works, and if your build gets delayed, we can support you with reapplying or extending the offer if needed.

Not always, but there are more moving parts. You may be working with Help to Buy (if still available in your region), Shared Ownership, or developer incentives. Some of these can affect how much a lender is willing to offer.

Our role is to explain how everything fits together and make sure the mortgage is approved smoothly, in line with both the lender’s criteria and your developer’s deadlines.