New Build Services

New Build Specialists

Mortgage Advice UK are specialist new build mortgage brokers. We help our client to buy their dream new build homes from a large number of national and regional house developers.

We offer clients buying a new build home FEE-FREE advice on mortgages and protection. We also offer our new build clients a fee free service for any future purchases or remortgage advice.

Help to Buy

The Help to Buy Equity Loan is a government scheme introduced to help people with limited deposits to buy their first house or to move home.

A minimum 5% deposit is required which can be from savings, a family gift or equity from the sale of a property. The government then lend you up to 20% of the value of the property interest free for the first 5 years - up to a maximum purchase price of £600,000. This enables you to borrow less from a mortgage provider and also benefit from better interest rates due the increased size of the overall deposit.

Our advisers will assess your eligibilty for the scheme and confirm what price property you will be able purchase. We are experts at helping customers through the Help to Buy application process.

Different limits may apply to the scheme in London,Scotland and Wales, but we can discuss this with you.

As well as helping you with your purchase, we help with remortgaging when your rate expires and also when you are ready to repay the govenrment Help to Buy loan providing advice and support during this process.

Shared Ownership

Shared Ownership schemes allow you to purchase a share of a property. This can be from as little as 25% up to 75% of the property value and you then pay rent on the remaining share that was not purchased. In most cases, you retail the option to purchase a further share in the property in the future, this is known as staircasing.

The minimum deposit is 5% of the share that you intend to purchase. This can be from savings, a family gift or equity from the sale of your property.

There is no maximum purchase price but it is subject to your individual circumstances and affordability which our experts will assess.

We work very closely with a large number of Shared Ownership providers, so we are experts at helping customers through this application process.

Discounted Market Value Schemes

Discounted Market Value Schemes are another available option specifically for developers to build affordable homes for local people.

Typically these properties are sold at 80% of the open market value and a minimum 5% deposit is required based on the 80% price.

Unlike a shared ownership scheme, there is no rent to pay on the remaining interest held by the Council or Housing Association

You can generally only purchase a property under the DMS scheme if the property is in the area that you either live or work in and your household income must be below the limit stated.

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