New build mortgage

Confused789

Does anyone know who is now offering mortgages on new build houses? Long story..... My credit rating isn't great but we have 36% deposit. My broker is rubbish at getting back to me... 

ImThatGuy

My credit rating was pretty horrific, mainly partying my way through my teens with out a care in the world. Got a mortage on a new build with Precise. 

Confused789

ImThatGuy said:

My credit rating was pretty horrific, mainly partying my way through my teens with out a care in the world. Got a mortage on a new build with Precise. 

Unfortunately they aren't offering new build mortgages at present. 

csgohan4

Sadly what worked for someone else in the past, may not be suitable for someone else. I suggest a broker if your not sure as criteria's change all the time and products get pulled or reinstated which only brokers will know about

Confused789

csgohan4 said:

Sadly what worked for someone else in the past, may not be suitable for someone else. I suggest a broker if your not sure as criteria's change all the time and products get pulled or reinstated which only brokers will know about

My broker is short of useless. I seem to know more than him. 

csgohan4

Confused789 said:

csgohan4 said:

Sadly what worked for someone else in the past, may not be suitable for someone else. I suggest a broker if your not sure as criteria's change all the time and products get pulled or reinstated which only brokers will know about

My broker is short of useless. I seem to know more than him. 

Some are better than others,  but better than stabbing in the dark and choosing a lender at random

Did you get yours from Estate agent? or one commonly advertised by MSE?

Confused789

csgohan4 said:

Confused789 said:

csgohan4 said:

Sadly what worked for someone else in the past, may not be suitable for someone else. I suggest a broker if your not sure as criteria's change all the time and products get pulled or reinstated which only brokers will know about

My broker is short of useless. I seem to know more than him. 

Some are better than others,  but better than stabbing in the dark and choosing a lender at random

Did you get yours from Estate agent? or one commonly advertised by MSE?

He was from the development... I know, I know!! I've since read in here that was a silly move! Although they wavered fee so haven't paid him anything. 

Confused789

How different is a "new build mortgage " to a normal one? They were hoping to complete in about 2 months

MovingForwards

A mortgage is a mortgage, either the land / property is / will be sufficient collateral for the lender or it won't.

It's also your credit history, not rating / score, seen and used by the lenders as they have their own way of scoring you based on their own algorithm.