Mortgage for new-build flat

Andy_Lewo

Hi all,

I am a FTB trying to buy a new-build flat for 120k. I have a deposit of 15% (18k) but am struggling to find a mortgage. The closest I can find is the Halifax who are offering 80% LTV for a new build.

I am exploring a vendor cash back option to get me there, but thought I would ask on here if anyone knew of a lender who would consider 85% LTV for a new build. Please help! Thanks in advance,

Andy

poppy10_2

You'll likely need a lot more than 15% on a new build flat.

Dan_1976

You may find it harder with the vendors deposit! Get your self a broker.

dunstonh

oh my ears. Three horrible swear words in one post..... "new build" and "flat" and "vendors deposit".

With those three negatives working against you and not a very big deposit, your choice is going to be more limited.

ianbrown

We've got a 85% with principality on a new build - but not a flat, you'll have to check if they 'do' flats!

Got a 4 year fix at 5.29% no fees - I know they have pulled the 5.29% but they may do same but a little higher. I've been impressed with them. Currently use the Woolwich, who are uncompetative at the mo'.

HTH