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Re-Mortgage 95% for New Build
mbaxter88
Posts: 8 Forumite
My wife and I have a mortgage but want to increase it for to move to a new build. With the increased mortgage we would have the 5% deposit but every bank is now advising us that we would require 10-20% deposit because we are looking at a new build.
Does anyone know of any banks or building societies that lend 95% on new builds out with the help to buy scheme?
Does anyone know of any banks or building societies that lend 95% on new builds out with the help to buy scheme?
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Comments
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Is it a house or a flat you are looking at buying?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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Its a house..... think this maybe the stumbling block...0
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If it was a flat it would be a bigger issue I think.
There are lenders I am sure who would do it. To be honest I tend to avoid new builds whenever possible though so I am probably the worst person to answer.
There is a member on here called kingstreet, he will know the answer. Wait till he responds (assuming he does).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 -
It's not a remortgage either, it's just a Plain Old Mortgage0
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