New Build Mortgages New Build Mortgages

New Build Mortgages

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Our highly qualified advisers are fully experienced with all types of New Build related purchases.

We will assist you with all additional parts of the buying process such as ‘Help to Buy’ or ‘Shared Ownership’ transactions.

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We work alongside our clients and developers to ensure purchases move smoothly from reservation, to exchange and completion.


What’s the appeal of a new build home?


Warranty – New build homes normally come with a 10 year warranty to give you extra peace of mind.

Blank Canvas – A new build home is normally something you can mould to your own taste by choosing your own fixtures and fittings as well as colour scheme.

No chain – usually there isn’t anyone else involved in the chain which will make the process easier for you.

Schemes – There are a number of schemes to make purchasing your home that little bit easier such as Help to Buy or Shared Ownership that aren’t normally available on the second hand market.


Help To buy


Our expert advisers will assess your eligibility for the scheme and confirm your ability to use it to purchase your new home.

Help to Buy is only available on New Build homes with a maximum purchase price of £600,000 and a full financial assessment will be run.

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.

Example: for a home with a £200,000 price tag

Help to Buy

If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

  1. London Help to Buy will increase the equity share from the government to 40%

4 Steps to mortgage success



First things first, we need to introduce ourselves, and find out a bit about you. So either call us today or book a time for your discovery call now (it will only take 10 minutes)


Now we know a little about you it’s time for us to get into the nuts and bolts


We’ll give you all the choice and information you want, to ensure you’re happy making a choice that’s right for you, guiding you each and every step of the way


We send your application, and let you know how it’s progressing, at least once a week. Keeping you in the loop and managing the application efficiently from start to finish

What our Customers Say

  • Excellent service. Everyone we dealt with for our mortgage was very professional, super efficient and friendly

  • John is simply in a different league to anyone else we have ever spoken to.

  • We couldn’t be more appreciative to the team at Fosters in securing us with the best mortgage deal for usA.Morrison

  • Excellent customer service. Always there to help and easy to get hold off.

  • very friendly service that explained all at every step and was always quick to respond to any questions, no matter how small, that we had


How much can I borrow?

Subject to status and lending criteria

If your applying on your own, leave the Applicant 2’s income blank


You could borrow up to


How much deposit do I need?

Based on a minimum 5% deposit


Deposit Required


How much will it cost me each month?


Exact borrowing amount will depend on your circumstances including but not limited to income, income source, dependents, age, credit history and commitments

Monthly Payment – on a capital and repayment basis


Over 1000 clients like you trusted us to secure their mortgage or insurances last year
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01473 550591

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