New Build Mortgages
✓ You’ll have a dedicated broker who specialises in new build mortgages
✓ Chat with your broker over WhatsApp for quick and easy updates
✓ No question is too big or too small, so ask away!
Book your free 30-min call with one of our mortgage advisers at a time that best suits you
Purchasing a new build home comes with its own set of challenges - at Unicorn Mortgages & Protection we can help you to navigate those challenges and make your dream home become reality.
Affordable home ownership schemes
If required, we can advise on government schemes that are available to help first time buyers purchase a new build property.
Support beyond your mortgage
If you have any questions above and beyond mortgages, for example about the house buying process, we’ll be more than happy to offer guidance where we can.
Fast and friendly service
Our brokers are friendly and approachable and you can rest assured that we have your best interests front of mind.
New build properties have a lot to offer homebuyers. Everything is clean, pristine and brand new.
Who doesn’t like things that are brand new and never used? It’s the perfect blank canvas for you to make your own and set up home. And as soon as you’ve got the keys you can move straight in!
What’s more, there are usually government schemes available to help first time buyers purchase new build properties. Get in touch to find out what schemes are currently available and whether you qualify.
Our 3 Top Tips for Buying a New Build
1
When purchasing a new build, you’ll typically be buying a property ‘off-plan’ which means it hasn’t been built yet. Sometimes you can negotiate a more competitive purchase price when buying off plan.
2
New build developments usually have a mortgage broker on site who they will recommend, however you are not obliged to use their broker, you can use any broker you like.
3
The bigger the deposit you can afford, the better choice you’ll have of lenders and mortgage products which, in some cases, can help you to secure a lower interest rate.
Peace of mind when purchasing a new build
When purchasing a new build property you’ll benefit from a 10-year warranty which protects buyers in the event of structural defects. The insurance cover is taken out by the developer with the National House-Building Council (NHBC). You can learn more about the cover on their website: nhbc.co.uk. This 10-year warranty provides peace of mind that you get only when purchasing a new build property.
Whilst the process of buying a new build is often longer and has unpredictable timescales, one huge benefit is that you’re chain free which means there are no other buyers and sellers in the chain. This means there is no risk of the chain breaking due to people pulling out of a sale or a purchase - another factor that brings peace of mind.
5 reasons why purchasing a new build property takes time
1
If you’re purchasing off-plan, the property hasn’t even been built yet.
2
If you’re using an affordable home ownership scheme there will be additional paperwork to complete.
3
It could take the developers longer than expected to finish the build
4
There might be snagging issues that need to be fixed before and after you move in.
5
The conveyancing process and legal paperwork required for a new build purchase is usually more complex.
33 Cavendish Square,
London,
W1G 0PW
Unicorn Commercial Finance is a trading name of Unicorn Commercial Broker Limited
Co reg no: 11842350. Unicorn Commercial Broker Limited is a subsidiary of Unicorn Financial Services Limited 14244108. Registered address: 46b Hartburn Village, Stockton on Tees, TS18 5DS
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement