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taylor wimpey assigned IFA
declan_1987
Posts: 8 Forumite
Hi
I will be reserving a taylor wimpey new build flat this coming saturday, using the newbuy scheme to get my mortgage. The salesman at the showhome says that I have to use their IFA to get my mortgage because of newbuy. Is he lying? I know which product I want, so I can't see why I can't just go to nationwide myself and arrange th mortgage. Has anyone who has been through this scheme got any advice?
Many Thanks
I will be reserving a taylor wimpey new build flat this coming saturday, using the newbuy scheme to get my mortgage. The salesman at the showhome says that I have to use their IFA to get my mortgage because of newbuy. Is he lying? I know which product I want, so I can't see why I can't just go to nationwide myself and arrange th mortgage. Has anyone who has been through this scheme got any advice?
Many Thanks
0
Comments
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Newbuy is predicated on builder's agreed lender and builder's agreed broker. If you want to step outside that, ask the lender. They will not accept brokers not on the builder panel, but they may let you go direct. Their choice.
Nationwide, for example, you have to get a Newbuy DIP and attach the Newbuy supplement with the builder's details and scheme number.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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