New Build
LIFELINK MAKE IT EASY
New Build Mortgages
The New Homes market is a major interest for both First Time Buyers and Home Movers. LifeLink’s specialist New Build team has been providing the best advice to our clients for many years.
LifeLink has access to many specialist products, not readily available on the High Street or to the majority of other mortgage brokers, which are specifically tailored to new build properties.
- We are familiar with all of the requirements and legislation surrounding new build property and have an intimate knowledge of Government backed schemes such as Help to Buy and Shared Ownership and specifically Armed forces HTB
- We understand developer’s expectations of their purchasers in terms of their timescales, our advisers will ensure that your mortgage application is processed in the most effective and efficient way to secure the property you want
- Lifelink has relationships with a number regional and national house builders, and are the broker of choice they use to qualify and advise their purchasers
Help to Buy Mortgages
The government created the ‘help to buy’ scheme to help people get on to the property ladder, there are various forms of help to buy but the equity schemes are only available with participating new home developers.
Help to Buy Equity Loan
With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged interest on the 20% loan for the first five years of owning your home.
London Help to Buy Equity Loan
To reflect the current property prices in London, from February 2016 the Government increased the upper limit for the equity loan within Greater London to 40%.
