We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Own New Rate Reducer
hgift7
Posts: 7 Forumite
Hi, what's everyone's thoughts about this New Build Scheme. Where they will give 3% or 5% deposit contribution which will give you lower mortgage rates
0
Comments
-
Just a disguised discount off the asking price isn't it?0
-
A newbuild incentive can be taken as deposit, cashback, mortgage subsidy etc so why not as a means of obtaining a better rate? I did the training on it the other day. It'll be another idea to help people to buy.
Newbuild is what it is. Some people love it, others have the polar opposite view and I accept that. We have a chronic housing shortage and without newbuild it would be a lot worse. Are there lousy practices in the sector and should it be more stringently regulated? Absolutely!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 -
Because it's just smoke and mirrors? Developers could just lower the headline price of their new builds. To make the whole thing a bit less opaque.kingstreet said:A newbuild incentive can be taken as deposit, cashback, mortgage subsidy etc so why not as a means of obtaining a better rate? I did the training on it the other day. It'll be another idea to help people to buy.
Newbuild is what it is. Some people love it, others have the polar opposite view and I accept that. We have a chronic housing shortage and without newbuild it would be a lot worse. Are there lousy practices in the sector and should it be more stringently regulated? Absolutely!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards