We can now confirm that the first major lender has entered the 5% deposit mortgage for New Builds market.

Some property buyers are not eligible for the Help to Buy scheme or can no longer rely on it and so the expansion of the lenders criteria allows First Time Buyers and Home Movers with low deposits to purchase a new build property.

New build properties are typically more energy efficient than an older property and with lenders becoming increasingly conscious of encouraging the purchase of  more environmentally-friendly homes, this added mortgage product helps the lender to achieve this.

If you would like any more information or think this new mortgage could help you, get in touch today.