New Build Mortgages

Specialist mortgage advice for newly built homes

What makes New Build Mortgages different?

A New-Build mortgage is specifically arranged for buyers purchasing a newly constructed property from a developer. While the mortgage process may seem similar to buying an existing home, new-build purchases come with additional lender criteria, tighter timelines, and developer-specific considerations.

From reservation deadlines to higher deposit requirements on new flats, securing the right mortgage early is essential to avoid delays or lost reservation fees.

Lenders often treat new build properties differently from standard residential homes. This is because new builds can carry slightly higher perceived risk due to pricing incentives, rapid resale fluctuations and developer structures.

Key differences can include:

Lower maximum loan-to-value limits, especially for new-build flats
Tighter valuation scrutiny
Short reservation deadlines, often 28 days to exchange
Restrictions on developer incentives
Longer mortgage offer validity considerations

Because of these factors, choosing the right lender is critical.

Why buyers choose New Build properties

New homes offer several advantages:

Energy efficiency and lower running costs
Minimal maintenance in early years
Modern layouts and building standards
Developer warranties, such as NHBC or similar schemes
Customisation options during construction

However, buyers must balance these benefits with lender requirements and build completion timelines.

How can EHF help you buy your new build home?

EHF Mortgages understands the unique requirements of new build mortgage lending. As an independent mortgage broker, we compare whole-of-market lenders, including those comfortable with higher loan-to-value lending on new-build houses and flats.

We help by:

Securing a mortgage decision quickly within the developer deadlines
Advising on acceptable incentive limits
Monitoring mortgage offer expiry dates
Managing extensions if build timelines change
Supporting first-time buyers and home movers

We aim to ensure your mortgage is aligned with the build schedule and structured correctly from the outset.

If you are purchasing a new build property in Chelmsford or elsewhere in Essex, EHF Mortgages can guide you through the process with clarity and confidence.

At EHF Mortgages, we’ve spent over 35 years helping clients overcome credit problems of all kinds. Whether it’s a minor issue or more serious concerns, we work closely with specialist lenders and regional building societies that are open to supporting complex cases. We maintain direct lines of communication with dedicated lender support teams, allowing us to discuss your case in detail and find a solution that works.

If your bank has said no, or you know there are issues on your credit file, speak to us. We’ll help you find the right lender and the right deal to secure your dream home without the stress.