Any 90% LTV mortgages available for New Build Homes?

Tiddler_2

Halifax changed their criteria last week to 80% on new build properties for owner occupation, so just RBS/Natwest dealing at 90% as far as I'm aware (houses only of course!)

Rob_Jones_2

Do RBS accept Vendor gifted deposits?

pandamonia

new build prices are no where near in line with current values. you will be in negative within 6 months with 20% deposit

JFergy

It all depends on the siutation.

The house im buying i have managed to get 25% lower than the same house on the development sold in November 2007.

And its a better plot. IMO

latiti

not sure but how abt giving HSBC a call? good luck!

avi_3

Bump - Any updates on who provides 90% on new builds and the best 5 year fixed or tracker available.

naked

If the developer is offering 5% to your deposit (offering, not lending to you - don't know if this is the case), then you might be better asking them to drop the asking price by 5%...

VIGILANT22

pandamonia wrote: »

new build prices are no where near in line with current values. you will be in negative within 6 months with 20% deposit

On new builds now, most lenders are now basing lending on resale value and not purchase price...the OP will struggle with what he is trying to do

kaylz39

BUMP

We have 5% deposit, builder giving us 5%. Looking to keep our current house and rent out.

Is there any lenders out there offering 90% LTV and accepting builder gifted deposits????

brit1234

kaylz39 wrote: »

BUMP

We have 5% deposit, builder giving us 5%. Looking to keep our current house and rent out.

Is there any lenders out there offering 90% LTV and accepting builder gifted deposits????

Highly unlikely unless you do one of these firstbuy scams.

Can't the developer just drop the price 5% instead or is he just back to the land registry fraud game.