New builds also offer various incentives not available on standard resale homes, such as stamp duty contributions, upgrades or fees being paid, so talk to us to understand how these could benefit or even potentially hinder your mortgage options.
Being based in Milton Keynes has many perks, but apart from all the roundabouts the best one has to be how many new build sites and opportunities there are for this vibrant and rapidly expanding town.
New build properties can be a very exciting choice as they present an immaculate property with warranties and guarantees which can often be tailored to your desired specification before you even turn the key for the first time.
One of the biggest changes to the normal process with new builds is the timeframes involved, and the team at LionHart are well prepared and highly experienced in meeting these strict turnaround times. We’ll be sure to factor in how long our recommended option would take to produce the mortgage offer initially but also to ensure the offer itself remains valid until completion (or can be extended easily) as this can often be 6 to 12 months from the date of reservation.
There is no guarantee that it will be possible to arrange continuous letting of the property,
nor that rental income will be sufficient to meet the cost of the mortgage.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is £495.
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