Customisation
Choose your fittings, colours, flooring, and optional upgrades. Make it yours before you even move in.
Talk to usNew Build Mortgages
New Build Homes
Dreaming of a brand new home? We specialise in new build mortgages and can help you find the right deal - whatever scheme or route you're taking.
The basics
What is a new build mortgage?
A new build mortgage is a loan taken out to buy a newly built property - either from a developer or a self-build project. It can be repayment or interest-only depending on your circumstances. New build mortgages work similarly to standard mortgages, but there are a few important differences to be aware of around deposits, valuations, and offer validity. We'll walk you through all of it.
Key differences
How new build mortgages work
The process is similar to a standard mortgage - but these four things are worth knowing upfront
The deposit
Lenders typically ask for a larger deposit on new builds - usually 15–20% of the property value. However, we have access to lenders offering new build mortgages with as little as 5% deposit.
The valuation
An independent surveyor assesses the property value before the lender commits. New build valuations can use different methods to existing homes, and are often included at no cost.
Exchange & completion
There can be a longer gap between exchange and completion on new builds, as you may need to wait for the property to be finished and inspected. We'll keep everything on track throughout.
The mortgage offer
New build mortgage offers are typically valid for 6 months. We work closely with developers to monitor your offer and ensure it remains valid right up to your completion date.
Why buy new?
The benefits of a new build home
From energy efficiency to a 10-year structural warranty - new builds come with some real advantages
Quality & warranty
New build homes must meet strict safety and quality standards, and should come with a 10-year warranty - providers may vary.
Talk to usEnergy efficiency
Better insulation, double glazing, and modern appliances mean lower heating bills and a reduced carbon footprint compared to older properties.
Talk to usBuilder incentives
Many developers offer incentives to buyers - we'll use our experience to make sure any incentives are acceptable to your lender and work in your favour.
Talk to usWhy choose us
How we can help you
We specialise in new build mortgages. Here's what you get when you work with us.
- Expert advice from qualified, experienced mortgage advisors who know the new build market inside out
- Access to broker-exclusive deals through the Own New Scheme
- We liaise directly with developers to keep your mortgage offer valid ahead of your completion date
- Dedicated support from first enquiry right through to the day you get your keys
5%
Minimum deposit we can access for new builds
6 months
Typical new build mortgage offer validity
10 year
Warranty on new builds
100%
Independent
Ready to find your new build?
Book an appointment and we'll help you find the most suitable mortgage deal for your new home.
Book an appointmentNo obligation. FCA regulated advice.
Accredited Advisors
Own New Approved Broker
Bluegate Mortgages is an Own New Approved Broker, accredited to offer the Own New Rate Reducer scheme on new-build homes. We help buyers access 95% LTV mortgages with reduced interest rates for the first two to five years making new-build ownership more affordable from day one.
Find out moreAvailable schemes
New build mortgage schemes
A range of schemes exist to help you get onto the ladder - we'll help you work out which one fits your situation
Own New
Your builder contributes 3–5% of the property value - Own New converts that into a lower mortgage interest rate, so you own 100% from day one with reduced monthly payments.
Find out moreShared Ownership
Buy a share of a new home (typically 10–75%) and pay subsidised rent on the remainder. A great option if buying outright isn't yet within reach.
Learn moreDeposit Unlock
A scheme enabling first-time buyers to purchase with just a 5% deposit, available when buying from a participating builder with a participating lender.
EnquireHome Stepper - Sage Housing
A shared ownership scheme from Sage Housing. Buy up to 75% of the market value and pay rent on the rest, available on selected developments.
EnquireFirst Homes
First-time buyers can purchase a home at 30–50% below market value through this government-backed scheme. Eligibility criteria apply.
Find out moreOwn New explained
How to buy with Own New
A straightforward process to get you into your new build home with lower monthly payments
Find an available property
Explore new build homes from participating developers. Own New is available on selected developments across the UK.
Understand your options with us
We'll talk you through the potential savings based on your chosen property and the builder's contribution, then handle your mortgage application from start to finish as an approved Own New broker.
Complete and move in
Once your mortgage offer is in place and legal work is complete, you own 100% of your new home from day one.
Let's get started
Ready to make your new build a reality?
Whether you know exactly which scheme you want or you're not sure where to start, we're here to help. Book a no-obligation appointment with one of our advisors today.
FCA regulated · Wide range of lenders · New build specialists