New Build
Here you can find information to support you and your New Build clients, including valuation policy, case support, lending criteria and top tips.
Why choose The Mortgage Works?
We want to do everything we can to support you and your landlord clients to buy a New Build property. Here are 5 reasons to choose us:
1. Maximum 80% LTV on houses and 75% LTV on flats
2. Support for your standard BTL, Portfolio and Limited Company landlord needs
3. Dedicated New Build Support Team
4. A ring fenced application process
5. 5% builder cashback and deposit accepted.
New Build definition
Different lenders will have varying criteria as to which properties sit under the definition of a New Build property. Here at The Mortgage Works, New Build flats and houses are defined as:
- A house/flat built within the last twelve months
- A house/flat built over twelve months ago but still owned by the developer
- A house/flat built over twelve months ago but the first purchase/legal completion of the property was less than twelve months ago.
Useful links and the ways we can help:
Valuations
We'll instruct a Specialist New Build valuer for your application.
Construction
Read about our process on construction, including criteria on traditional construction and cladding.
Dedicated support
Our specialist New Build support teams are on hand to answer any of your New Build questions.
Maximum borrowing calculator
Find out how much your client may be able to borrow by using our affordability calculator.
New Build top tips
We're aware of the importance of obtaining a quick offer on a New Build application.
New Build property criteria
View our New Build property criteria including warranty and lease terms all in one place.
New Build criteria and case support
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New Build top tips This will reveal additional content
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Loan to value This will reveal additional content
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Builder deposits, cashback or incentives This will reveal additional content
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Offer extensions This will reveal additional content
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How to key a case This will reveal additional content
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Property criteria for New Builds This will reveal additional content
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Escalations process This will reveal additional content