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  • FIRST POST
    • mbaxter88
    • By mbaxter88 17th Oct 16, 2:10 PM
    • 3Posts
    • 0Thanks
    mbaxter88
    Re-Mortgage 95% for New Build
    • #1
    • 17th Oct 16, 2:10 PM
    Re-Mortgage 95% for New Build 17th Oct 16 at 2:10 PM
    My wife and I have a mortgage but want to increase it for to move to a new build. With the increased mortgage we would have the 5% deposit but every bank is now advising us that we would require 10-20% deposit because we are looking at a new build.

    Does anyone know of any banks or building societies that lend 95% on new builds out with the help to buy scheme?
Page 1
    • ACG
    • By ACG 17th Oct 16, 2:11 PM
    • 13,492 Posts
    • 6,634 Thanks
    ACG
    • #2
    • 17th Oct 16, 2:11 PM
    • #2
    • 17th Oct 16, 2:11 PM
    Is it a house or a flat you are looking at buying?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • mbaxter88
    • By mbaxter88 17th Oct 16, 2:28 PM
    • 3 Posts
    • 0 Thanks
    mbaxter88
    • #3
    • 17th Oct 16, 2:28 PM
    • #3
    • 17th Oct 16, 2:28 PM
    Its a house..... think this maybe the stumbling block...
    Last edited by mbaxter88; 17-10-2016 at 2:31 PM.
    • ACG
    • By ACG 17th Oct 16, 2:36 PM
    • 13,492 Posts
    • 6,634 Thanks
    ACG
    • #4
    • 17th Oct 16, 2:36 PM
    • #4
    • 17th Oct 16, 2:36 PM
    If it was a flat it would be a bigger issue I think.

    There are lenders I am sure who would do it. To be honest I tend to avoid new builds whenever possible though so I am probably the worst person to answer.

    There is a member on here called kingstreet, he will know the answer. Wait till he responds (assuming he does).
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • AnotherJoe
    • By AnotherJoe 17th Oct 16, 6:29 PM
    • 4,145 Posts
    • 4,170 Thanks
    AnotherJoe
    • #5
    • 17th Oct 16, 6:29 PM
    • #5
    • 17th Oct 16, 6:29 PM
    It's not a remortgage either, it's just a Plain Old Mortgage
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