NewBuy scheme


Matt Cassar

To find out exactly what your eligible for and at what rates please or give us a call on 0800 304 7880.

NewBuy was released in March 2012 as a way of helping first time buyers purchase newly built homes with a small deposit. It's success has encouraged the government to launch Help to Buy 2, which is the same as NewBuy but for ANY property in the open market under £600k, not just newly built properties.

 

NewBuy-5-deposit-mortgageYOU: 5% deposit

LENDER: 95% mortgage

GOVERNMENT: 15% guarantee to the lender

In a nut-shell, NewBuy is simply a 95% mortgage that the government will insure the lender for up to a further 15%, effectively giving them the security of a 20% deposit. This has attracted 6 main lenders all of whom were keen to sign up at the prospect of higher rate lending with lower risk. If you wanted to buy a property under the NewBuy scheme you'd need to go through specific property developers panel and have your mortgage arranged by specific mortgage brokers.

NewBuy lenders:

aldermore mortgages

halifax mortgages

nationwide mortgagesNatwest-mortgageswoolwich-mortgagessantander mortgages

 

 

 

 

 

 


NewBuy property developers:

  • Wain Homes
  • Wheeldon Brothers
  • Pentland Homes
  • Bellway
  • Beal Homes
  • Orbit Homes Limited
  • Mantle Developments UK Ltd
  • Beverley Homes
  • Mandale Homes
  • Yuill Homes
  • Keir Homes
  • Taylor Wimpey
  • Ben Bailey
  • Cussins Ltd
  • Country and Metropolitan
  • Bett Homes
  • Story Homes
  • Morrish Homes
  • City and Country
  • Chestnut Homes
  • Woodstock Homes
  • Berkeley
  • Regal Green Homes Limited
  • Dunelm Homes
  • Rowland Homes
  • Crest Nicholson
  • P J Livesey
  • Victoria Mills Development

  • Miller Homes
  • Larkfleet
  • Higgins Homes
  • Muse Developments
  • Blueprint
  • Persimmon
  • Ressance Homes
  • Gentoo Homes
  • Shepherd Homes
  • Prospect GB
  • Zero C Holdings
  • Willmott Dixon
  • Dreaming Spires
  • Redrow
  • Swan New Homes
  • Baturn Developments
  • St Charles Homes
  • Bovis Homes
  • Jones Homes
  • Lagan Homes
  • Eccleston Homes
  • Westby Homes Ltd
  • Keepmoat
  • Fairgrove Limited
  • Cavanna
  • Barratt
  • Morris Homes
  • Elm Place Developments

  • ISIS
  • Stewart Milne
  • Galliard Homes
  • CG Fry & Son
  • Peter Ward Homes
  • Weston Homes
  • Lend Lease
  • Peveril Homes Limited
  • Russell Armer Limited
  • Barnfield Construction
  • Edwards Homes
  • Hazelton Group
  • Strata Homes
  • Shropshire Homes
  • Lovell Partnerships Limited
  • Croudace
  • Nicholas King Homes PLC
  • Cala Homes
  • Linden Homes
  • Fairview Homes
  • Inland Homes
  • Bloor Homes
  • Seddon Homes
  • Lioncourt Homes
  • W N Developments

 

To make an enquiry about NewBuy, any of the other government schemes, or anything else, please fill out an enquiry below or give us a call on 0800 304 7880.


 

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