Our New Build Guildford Team
Recognising that the New Build market is becoming increasingly distinguished, we now have a specialist New Build team providing the most useful advice to our clients in Guildford.
Our New Build Guildford team have access to numerous specialist products, which not all brokers do, specifically designed to new build properties.
We are familiar with all of the requirements and laws around new build property and have an intimate understanding of Government backed schemes such as Help to Buy and Shared Ownership.
Our New Build Guildford Team understand developer’s expectations of their purchasers in terms of their deadlines. Our New Build mortgage advice will ensure that your mortgage application is handled in the most effective and efficient way to secure the property you want.
As a firm we have established relationships with a number of developers varying from smaller local and regional companies to the larger national house builders, and are the broker of choice they use to qualify and advise their purchasers.
The government has created ‘help to buy’ scheme to help hard working 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 loan fees 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 is increasing the upper limit for the equity loan it gives new home-buyers within Greater London from 20% to 40%.