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  • FIRST POST
    • suzikettles
    • By suzikettles 13th Mar 17, 6:56 PM
    • 20Posts
    • 1Thanks
    suzikettles
    15% deposit new build lenders
    • #1
    • 13th Mar 17, 6:56 PM
    15% deposit new build lenders 13th Mar 17 at 6:56 PM
    Anyone know of any lenders who will accept 15% deposit for a new build
    Broker can only come up with Barclays
Page 1
    • glosoli
    • By glosoli 13th Mar 17, 7:00 PM
    • 673 Posts
    • 387 Thanks
    glosoli
    • #2
    • 13th Mar 17, 7:00 PM
    • #2
    • 13th Mar 17, 7:00 PM
    New build house or a new build flat?
    • suzikettles
    • By suzikettles 13th Mar 17, 7:16 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    • #3
    • 13th Mar 17, 7:16 PM
    • #3
    • 13th Mar 17, 7:16 PM
    new build ground floor flat with own self contained front door
    • glosoli
    • By glosoli 13th Mar 17, 7:21 PM
    • 673 Posts
    • 387 Thanks
    glosoli
    • #4
    • 13th Mar 17, 7:21 PM
    • #4
    • 13th Mar 17, 7:21 PM
    Having done a quick search, people may have had success with Skipton, as long as you go through London and Country (however whether this is true or not I don't know), however given many lenders are not willing to burn their fingers like they did some years ago if this option isn't possible then without help to buy then you may be out of luck.
    • sultanabran
    • By sultanabran 13th Mar 17, 8:40 PM
    • 154 Posts
    • 103 Thanks
    sultanabran
    • #5
    • 13th Mar 17, 8:40 PM
    • #5
    • 13th Mar 17, 8:40 PM
    HSBC, Newcastle Building Society, (possible) Yorkshire Building Society are a few that look to offer 85% LTV for new build flats
    • suzikettles
    • By suzikettles 13th Mar 17, 8:41 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    • #6
    • 13th Mar 17, 8:41 PM
    • #6
    • 13th Mar 17, 8:41 PM
    thank you I will let him know
    • kingstreet
    • By kingstreet 14th Mar 17, 7:13 AM
    • 32,209 Posts
    • 17,250 Thanks
    kingstreet
    • #7
    • 14th Mar 17, 7:13 AM
    • #7
    • 14th Mar 17, 7:13 AM
    Anyone know of any lenders who will accept 15% deposit for a new build
    Broker can only come up with Barclays
    Originally posted by suzikettles
    It might be worth looking for a broker with more newbuild experience if he can't come up with more than one lender for 85% on a newbuild flat.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
    • suzikettles
    • By suzikettles 14th Mar 17, 9:25 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    • #8
    • 14th Mar 17, 9:25 PM
    • #8
    • 14th Mar 17, 9:25 PM
    can only find Barclays - and that is it.......... surely not??
    • sultanabran
    • By sultanabran 14th Mar 17, 9:52 PM
    • 154 Posts
    • 103 Thanks
    sultanabran
    • #9
    • 14th Mar 17, 9:52 PM
    • #9
    • 14th Mar 17, 9:52 PM
    can only find Barclays - and that is it.......... surely not??
    Originally posted by suzikettles
    Maybe he's not "whole of market" and can only see a limited set of lenders. As above, find another broker.

    Edit: Just noticed your other thread. Are the criteria an 85% LTV for a new build flat AND accepting HM Forces Help to Buy Equity Loan? That could be the reason for the limited lenders.
    Last edited by sultanabran; 14-03-2017 at 9:55 PM.
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