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Offering on a new build & using HTB?!
Options
CluelessFTB_2
Posts: 85 Forumite
After looking at mortgage options it is looking more and more like we will only be able to apply for a mortgage in my name - therefore cutting our budget down.
A house we like is up for £195k, I plan to use HTB and have a 5% deposit but ideally I need the house to be less to be able to get it without getting the maximum mortgage - we can afford the max but I understand it has a higher risk of being declined.
Do developers take offers? If so how much percentage wise? Would a 5% discount on the plot be doable? Can they offer a discount on the price if I am using HTB?
Many thanks
A house we like is up for £195k, I plan to use HTB and have a 5% deposit but ideally I need the house to be less to be able to get it without getting the maximum mortgage - we can afford the max but I understand it has a higher risk of being declined.
Do developers take offers? If so how much percentage wise? Would a 5% discount on the plot be doable? Can they offer a discount on the price if I am using HTB?
Many thanks
0
Comments
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They can reduce the price if they want to. HTB doesn't cost them anything, so they may be more flexible on the price. Certainly more than they would be on NewBuy.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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