The first of these is that the New Homes provider will normally ask you to pay a reservation fee to secure your property and you will then have 28 days to exchange contracts. At Advisory Financial Services we have high level access to lenders that understand these timescales and are able to process your mortgae application quickly and efficiently.
You may be purchasing a property “off plan” which wont be available for several months so it is important that the most appropriate lender is selected. Some lenders mortgage offers are only valid for three months which would require you to re-apply for your mortgage causing unnecessary uncertainty.
If you have a relatively low deposit some lenders will restrict the number of schemes available for the purchase of new build homes. As specialists in this area we have access to the whole of market including a number of exclusive deals not available from high street lenders.
Our fully qualified advisors will explain a number of New Build specific factors such as developer incentives which may affect lender choice, Help to Buy and shared equity. They will offer face to face appointments at a time and place to suit you so that you don’t have to deal with a call centre. The same advisors you initially speak to will provide the advice and assistance all the way to completion and moving in to your new home.
To support our advisors our team of dedicated mortgage administrators will ensure your application is processed quickly & efficiently. You will also be able to track your application at any time via our client portal.
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Your home may be repossessed if you do not keep up repayments on your mortgage.