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  • FIRST POST
    • Phil555
    • By Phil555 9th Jul 18, 12:37 PM
    • 1Posts
    • 0Thanks
    Phil555
    New Build Mortgage Lenders
    • #1
    • 9th Jul 18, 12:37 PM
    New Build Mortgage Lenders 9th Jul 18 at 12:37 PM
    Hi all, my name is Phil & I am new to the Forum but not the site as I use this for good info sources etc.


    I wonder if anyone can help me out please.


    I am looking at a new build house and I am looking at who the best lenders are at the minute that will accept a 10% deposit?


    I am working with an Independent Broker too but just want see what peoples experiences have been.


    Thanks & regards,


    Phil.
Page 1
    • ctlfc
    • By ctlfc 9th Jul 18, 1:12 PM
    • 21 Posts
    • 10 Thanks
    ctlfc
    • #2
    • 9th Jul 18, 1:12 PM
    • #2
    • 9th Jul 18, 1:12 PM
    Hello

    I bought a new build 18 months ago with a 90% LTV mortgage with Halifax. The low deposit was very restrictive and meant I could only borrow from a very small amount of lenders and couldn't get anymore than a 2 year fix. I read somewhere recently that Virgin are currently offering mortgages of 90% LTV on new build properties and their rates seem quite competitive. I doubt there'll be much I, or anyone else on here can tell you that a broker can't but this is the experience I had.

    The product I got was 3% interest and expires this December.

    Thanks
    • jennhg88
    • By jennhg88 9th Jul 18, 1:18 PM
    • 228 Posts
    • 162 Thanks
    jennhg88
    • #3
    • 9th Jul 18, 1:18 PM
    • #3
    • 9th Jul 18, 1:18 PM
    Trust your independent broker to find you the best deal for your circumstances.
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