SMART
New Build Mortgage
Why you should be working with our New Build Experts?
It is important that new build mortgages are dealt with by experts within the industry. There are several reasons for this; including lenders criteria and New Build policies vary significantly based on the additional circumstances that come with new build purchases
- Incentives
- Exposure limits
- Loan to Value restrictions
- Property type/location
- Help to Buy – Equity Loan
- Product completion deadlines/future build dates etc.
Most mortgage brokers deal with a very small percentage of new build cases, some never at all, so are unaware of the criteria differences until it is too late. For you to ensure the right outcome they need to be dealt with by an expert that looks after new build on a daily basis. It is very easy for an adviser who hasn’t submitted a new build mortgage recently to come unstuck and place a case with a lender who would never lend or whose offer will expire before the property is built.
‘We work with Mortgage Advice Bureau who deal with new build enquiries on a regular basis. Their specialist New Build Advisers know of all of the quirks when it comes to new build mortgages and will research cases thoroughly before they are submitted to make sure the application has the highest possible chance of being accepted.
Their advisers understand the time restraints with new build developers and working with our new build department will ensure cases are prioritised to provide you with the i possible service.
