New Build Mortgages

Buying a new-build property offers modern living, energy efficiency, and less upfront maintenance—but the mortgage process can differ slightly from buying older homes. At WIS Mortgages, we help first-time buyers and home movers secure the right new build mortgage—without any broker fees.

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Key Benefits

Access with 5% Deposit:

Some lenders offer 5% deposit new build mortgages, especially when supported by government schemes.

Energy Efficiency Savings:

New homes often come with lower utility bills, which can help with affordability assessments.

Builder Incentives:

Developers may offer incentives like deposit contributions or upgrades.

Fixed Mortgage Offers:

Lenders can often extend offers for 6–9 months, helping with construction delays.

Modern Living Standards:

New builds come with warranties, up-to-date safety features, and minimal repair costs.

Eligibility Criteria and Requirements.

Who Can Apply?

You may be eligible if you:

Are a first-time buyer, home mover, or buy-to-let investor purchasing a new-build property
Have a minimum deposit (typically 5%–15%)
Meet the lender’s affordability and credit criteria
Are purchasing from an approved developer

What are the Requirements?

You may be eligible if you:

Reservation agreement or purchase contract
Proof of deposit (bank statements or gifted deposit declaration)
Proof of income (payslips or accounts if self-employed)
Photo ID and address verification
Credit file (most lenders will run checks)

Please note: Meeting these criteria does not guarantee mortgage approval. All applications are subject to underwriting and affordability checks by the lender.

Instant Mortgage Quoting

Use the quick and simple quotation system to get a mortgage quote in seconds.

How the Application Process Work?

Applying for a mortgage through our service is straightforward

Book an Appointment

Book an appointment with one of our advisers to discuss your mortgage requirements. Be transparent about your situation so we make the whole journey much smoother for you.

Download MortgagX app

Download MortgagX app, fill in a few key details, select the recommended mortgage product, upload your documents and relax till we get your mortgage sorted.

Completion

Enter your new dream home!

Apply Now

Processing times vary depending on lender efficiency and individual case complexity.

Important Information And Regulatory Disclosure

Risk Warning

Your property may be repossessed if you do not keep up repayments on your mortgage.

FCA Authorisation

This service is provided by WIS Mortgages, which is authorised and regulated by the Financial Conduct Authority.

Fee & Commission Disclosure

We act as a mortgage intermediary and may receive commission from lenders. A fee may be payable for mortgage advice, which will be disclosed clearly in advance.

Adviser Disclosure

This content is for informational purposes and does not constitute personalised financial advice. Mortgage advice will be provided after assessing your individual circumstances.

Frequently Asked Questions

Find answers to some of the most common questions about mortgages, applications, and our services.

New build mortgages work similarly to standard mortgages, but lenders may have stricter criteria and shorter valuation timeframes. Offers are often valid for 6–9 months to accommodate build completion.

While most lenders require 10%–15%, some offer 5% deposit new build mortgages—especially under government-backed schemes or if the developer contributes.

Sometimes. New build mortgage rates can be slightly higher due to perceived risk, but with the right lender, competitive rates are available.

Yes—these schemes are commonly used for new builds and can support low deposit options for eligible buyers.

Yes, but it’s wise to get a Mortgage in Principle first to understand your borrowing capacity before committing to a reservation fee.

Yes. New-build flats often have stricter lending criteria or lower loan-to-value limits compared to new-build houses.

Many lenders offer mortgage offer extensions (often up to 6 months) for delays, especially with builder confirmation.

Yes—but lenders may deduct the value of incentives (like stamp duty contributions) from the property's value when calculating the loan.

It’s not mandatory, but strongly recommended. A snagging survey helps identify any defects before completion.

Yes. The scheme is designed for new builds and offers discounted prices to eligible buyers, with lender participation required.

Want to Talk it Through?

020 3011 1986 help@wismortgages.co.uk

We will be delighted to speak with you on the phone through our live chat feature now.

*Call us from Monday to Friday (9am to 6.30pm) and Saturday (9.30am - 3pm) We accept applications over the phone