New builds and mortgage completion

cjv

Don't risk it.

I want to open a new current account and credit card, but I am going to wait until I have the keys to my new place! I will then apply for my new credit that very same day.

On a related note, should I enter my current address on the credit applications in the above scenario? I do not really want to wait months for electoral register to update.

jojo19834

@danijam who is your mortgage with that has a 9 month window? I’m looking at a new build with a 5-6 month exchange to completion delay

System

how much are you going over the 8k by? Surely this incentive is there regardless so your house can still have a fully kitted kitchen, carpets throughout, built in wardrobe etc?

kingstreet

jojo19834 wrote: »

@danijam who is your mortgage with that has a 9 month window? I’m looking at a new build with a 5-6 month exchange to completion delay

There are several lenders with longer drawdown deadlines for newbuilds. Ask your broker as they will know the usual suspects if they have newbuild experience.