What is Different about buying a New Property!

Buying a new property has so many advantages over a second hand or older

property. Firstly you will reduce the possibility of having to pay repairs

and maintenance as opposed to the issues that come with an older property.

You will also be covered for most major building issues by the builder’s guarantees.

New houses also have to comply with much tougher energy efficiency ratings

and this can save you money on your heating bills.

Deals To Make Your Home More Affordable

Perhaps the biggest advantage is that you are buying from a large company

who can offer schemes and incentives to help you proceed. Many

builders will offer help with clients’ deposits or shared equity schemes.

They may also offer part exchange deals or assisted move schemes for

second time buyers to help you get your own property sold. These deals can

offer great value for money to buyers and we can help both you and the

builder to identify the best deal for you.

Lenders Treat New Properties Differently

Most Mortgage lenders have different criteria for new build properties

especially if you are getting a specific deal from the builder. To a certain

extent the better the deal you agree with the builder, the tougher the lenders

rules tend to be. This is because they know you could not offer a similar deal

when you are reselling your home in the future. Some major lenders do permit

clients to benefit from these schemes in full and we will direct you to the

best lenders to match the deal you have negotiated.

Alternatively if the deal you have agreed with your house builder is not

acceptable to your lender, then we can help renegotiate it with the builder,

explaining what changes are required to be approved by the lender.