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Getting a mortage for a new build
Emitch21
Posts: 9 Forumite
My husband and I have been looking at purchasing a new build in Scotland. We only have enough to put down a 10% deposit. Is it possible to get a 90% LTV mortgage for
a new build in this current climate. Any advice would be greatly appreciated.
a new build in this current climate. Any advice would be greatly appreciated.
0
Comments
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Forgot to mention. We would be looking to do part exchange with our old home so therefore we would
not be able to take advantage of the
builders shared equity plan.0 -
What kind of property is it?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.0
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Assuming it's a house, not a flat, the following lend at 90%;-
Abbey
Furness
Halifax
LTSB Scotland
Nationwide
NatWest
Northern Rock
Post Office
RBS
Santander
Scottish BS
Scottish Widows
Skipton
Hope that helps.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.0 -
It's a mid terrace. Thanks for the replies. I didn't realise so many lenders would do 90% due to the fact it is a new build.0
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