Buying brand new or off plan is exciting, but securing funds can be a little tricky. Our experienced advisors will help you navigate the complexities that come with a new build mortgage application.
New build mortgage applications are a particular area of expertise here at Lucra Mortgages. We’ve found it extremely rewarding helping hundreds of buyers to secure their lovely new homes with some of the nation’s biggest house builders.
New build purchases aren’t quite as straightforward as you might think though, considering there is no chain to worry about. Actually, the bureaucracy of the process, and the need to meet the requirements of the developer, can result in things being trickier than normal. That’s why using a mortgage advisor with specific experience in the sector will pay dividends.
With over 40 years’ experience clocked up between our Lucra Mortgages Directors, they’ve seen pretty much everything there is to see in the market. Need we say more?
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
Lucra Mortgages will give you the expert advice you need to ensure that your new build purchase goes through smoothly, but there are a few things we think you should know up front:
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
Complete our form or give us a call. Everyone’s needs are different so we’ll gather all he info we need to help make your application as smooth as possible.
We have access to hundreds of deals. Our team will search the market and give you options that best suit your needs and save you money.
Buying a property is rarely straightforward, so our expert team will be there to guide you all the way through the process from offer to completion.
Our mortgage borrowing calculator will provide you with an approximation of how much you’re likely to be able to borrow. Mortgage affordability is subject to lots of different things, such as your credit history, monthly outgoings and deposit, and it can also vary from lender to lender.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
The Mortgage Charter in the UK is a set of standards agreed upon by mortgage lenders, the Financial Conduct Authority (FCA), and the government to help borrowers who are concerned about increasing mortgage repayment costs due to the rising interest rate environment. It was announced in June 2023 and is supported by lenders representing over 85% of the UK mortgage market. The charter aims to ensure fair treatment of borrowers and provide them with the necessary support during this challenging period.
Dreaming of owning a holiday home on the south coast? Or buying an investment property to rent out or Air BnB? Or simply ready to upsize and fancy keeping hold of your trendy little city pad? If you’ve been on the same mortgage deal for a while and have built up some equity in your current property, it might be worth looking at your remortgaging options.
With mortgage rates on the rise, you might be starting to wonder whether there is a way you can get on top of your mortgage repayments and keep future payments at a manageable level. And making the decision to exit your current deal and remortgage early may be one way to do this.
