Prepare the file

New-build mortgage evidence

A new-build file is the plot, the incentive schedule and the tenure. A builder's 'gifted' extra can change the price a lender uses.

Reservation formPlot, price and the builder.
Incentive scheduleStamp duty paid, white goods, or cashback. List them rather than folding them into the price.
Freehold or leaseholdFlats are often leasehold. The lease page applies as well.
New-build warrantyThe provider and the start date.
Any scheme on the plotShared ownership and Help to Buy style restrictions need their own paperwork.

What this page will not do

The price on the brochure may not be the price after incentives.
A reservation is not an exchange.
It will not name a lender, a product, or an approval chance.

Questions

Do lenders cap new-build loan-to-value?: Some do, and the cap can differ for houses and flats. This page does not publish a cap.
Where is the deposit calculator?: Use the deposit pages for a cash figure, then bring the incentive list to the broker.

MortgageConnector provides free mortgage research and calculators. If you want personalised advice, we can introduce you to an FCA-authorised mortgage broker. We do not provide regulated mortgage advice ourselves.

The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Want a broker to look at your own numbers?

An FCA-authorised broker can look at your income, credit and the property. MortgageConnector will introduce you. We do not recommend a mortgage.

Speak to a broker experienced with new-builds