Thinking of buying an off-plan new build home? Let LDNfinance’s expert mortgage advisers guide you through the challenges of the new build mortgage process.
At LDNfinance, our skilled property finance professionals have the contacts and know-how to find the perfect new build mortgage solution for clients buying off-plan. A new build mortgage product is designed specifically to help new homeowners overcome the hurdles of buying off-plan. Most mortgage lenders have different criteria for off-plan new build purchases. We’ll take the time to sit down and understand your personal and financial situation to help us find a bespoke new build mortgage product on your terms.
Our well-connected new build mortgage advisers have access to a host of exclusive new build-specific mortgage products that aren’t directly available from mainstream lenders and most other advisers. However, we don’t just provide our clients with new build mortgages and leave them to their own devices. Our advisers will offer professional and personable support throughout the whole process of buying a new build off-plan property.
Let us help get the timing right for your new build mortgage
New build developers will often work to tight deadlines. This can be stressful regardless of whether you’re a first-time buyer or a seasoned homeowner. Once you put down a deposit or pay a reservation fee for an off-plan property, the clock is ticking to get your new build mortgage agreed. Some developers will only offer 28 days to exchange contracts from the date of deposit or reserving a plot. Fortunately, LDNfinance’s new build mortgage advisers have the relationships and know-how to accelerate the mortgage application process.
In some cases, our clients buy off-plan new build properties that won’t be ready for several months. This can pose problems as some new build mortgage products are only valid for a maximum of three months. Our network of contacts and exclusive new-build mortgage products allows us to help you meet those developer deadlines with a minimum of stress. If you’re buying a new build property, our advisers can also clarify whether you are eligible for the Help to Buy equity loan scheme. We can sit down with you and go through the entire Help to Buy application procedure and recommend the most appropriate Help to Buy mortgage product based on your priorities.
Let’s discuss your personal and financial situation to find a new build mortgage that gives you breathing space when buying off-plan.