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New Build Mortgage Help
ChrisH82
Posts: 2 Newbie
Does anybody know of any firms offering 90% mortgages for new builds. Despite having a healthy deposit I apparently need at least 15% for most firms.
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Like a new car, a new house has a premium attached which is lost as soon as you move in, as a result you will struggle to find 90% LTV on new build.I am a Mortgage AdviserYou 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.0
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House or flat?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.0
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Abbey, but only first time buyers.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.0
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Your deposit isn't healthy, it's 10% which is just about minimum for any purchase unless you are absolutely squeaky clean. New builds lose a fair chunk of value the moment you move in, hence lenders are more fussy (and rightly so).Thinking critically since 1996....0
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