The NewBuy scheme is specifically for purchasing new build properties and enables you to make a purchase with a deposit of as little as 5%.
To qualify for NewBuy, your new home must be:
- a new build – being sold for the first time or for the first time in its current form (eg a new flat that used to be part of a house)
- priced £500,000 or less
- your main home (you can’t use NewBuy to buy a second home or a buy-to-let property)
- owned fully by you (you can’t use NewBuy for shared ownership or shared equity purchases)
- built by a builder taking part in the scheme (Click here for a list)
Not every lender is offering mortgages in connection with this scheme so talking to Richard could help, if you would like to know more about the service he can offer please call on 01252 759233 or contact us here.