Head Content Writer
Senior Mortgage & Protection Adviser
New build homes are popular among our customers, particularly first-time buyers, but this property type sometimes comes with added complexities when applying for a mortgage.
That’s why it’s a good idea to speak to a mortgage broker who specialises in these properties before you get started. Here you can learn about the services our new build mortgage advisers can offer and arrange a free, no-obligation chat with one.
Do you need a mortgage broker if you’re buying a new build?
It’s not a necessity but speaking to a mortgage broker before you apply for a mortgage to buy a new build property is recommended. They can help you overcome the complexities and lender objections that are sometimes associated with this property type.
Not only that, our new build mortgage brokers have deep working relationships with lenders who sometimes offer exclusive rates and deals to their customers.
In short, applying for a mortgage to buy a new build property through a broker with specialist knowledge of these properties can potentially save you time and money in the long run.
Services new build mortgage brokers can provide
New build mortgage brokers offer the same services as regular mortgage advisers but they have specialist knowledge of this property type and can offer bespoke advice about it.
Here are some of the potential roadblocks they can help you overcome thanks to their knowledge, experience and extensive lender contacts:
Mortgage advice tailored to new build buyers
Find the right lenders for new build flats
Offer bespoke advice about buying off plan
Find niche lenders for new build buy-to-lets
Get recommendations on mortgage schemes you could consider
Find lenders who accept leasehold properties
Choice of lenders can be restricted if the new build you’re buying is a flat, an off-plan purchase or for buy-to-let purposes, but the right mortgage broker will have deep working relationships with the lenders who are the most accommodating of new build buyers, and may even offer exclusive deals for them.
Who are our new build mortgage brokers?
All members of the Echo Finance team are fully capable of arranging mortgages for new build properties, but some of our brokers specialise in this area, including:
Robert Holmes: Based in Scotland but arranges mortgages across the UK. Has been helping Echo customers buy new build properties for several years.
John Tarazi: Our director and co-founder, John specialises in complex new build cases and can help borrowers looking to buy new build flats, new builds for buy-to-let purposes and properties with leasehold restrictions.
Neil Mulhearn: Neil is our head of sales but still actively advises our customers. He has worked in the industry for more than 25 years, which has resulted in his gaining plenty of experience with new builds, first-time buyers and mortgage schemes.
Jim Wortley: Jim is an adviser development manager at Echo Finance, who still actively advises our new build customers. With more than 40 years experience, Jim can help place straightforward cases as well as complex new build applicants.
You can read more about our new build mortgage advisers and the rest of our team on our broker directory.
What kind of reviews do you new build mortgage brokers have?
Echo Finance always aims to provide a five-star service - whether you’re applying for a new build mortgage through us or seeking finance to buy a different property type - and our glowing feedback on leading reviews platforms reflects that.
You can read some of the reviews we have received from our customers, including new build mortgage applicants, below:
Speak to a new build mortgage broker today
If you need the services of a mortgage adviser who understands the nuances of new build mortgage lending criteria, Echo Finance has you covered. Several brokers on our team can provide mortgage advice in this niche, as well as:
Access to specialist new build mortgage lenders with exclusive deals
Experience with complex new build applications, such as flats and BTL
Support for both first-time buyers who are using government schemes
A free initial consultation with no obligation to proceed
Ready to take advantage of a free, no-obligation chat with a broker who specialises in new build mortgages? Get started here.
FAQs
Your initial consultation with a new build mortgage adviser will always be free with no obligation to proceed. There will be a broker fee if you choose to enlist their services beyond this but this is only payable at the end, upon successful completion of your mortgage.
The fee you will ultimately pay will be a small percentage of the mortgage amount, but the total cost will be laid out for you during your initial consultation.
Find your local adviser
- Residential mortgages: Everything from fixed-rate to tracker mortgages for first-time buyers, homemovers and remortgage borrowers
- Specialist mortgages: For borrowers who fall outside of standard lending criteria, including people with bad credit, self-employed professionals and more
- Later-life lending: Including advice on equity release, mortgages for pensioners and retirement interest only (RIO) mortgages
- Bridging & Commercial: We have specialist advisors on hand for commercial mortgages, bridging loans, development finance and more
- Insurance & Protection: Including life, home and critical illness cover for families and individuals, as well as landlord and business protection insurance
Echo Finance is regulated by the Financial Conduct Authority and is reviewed annually by an independent compliance company. All of our brokers and advisers hold industry-standard qualifications, such as CeMAP, CeRER and DipMap, where required.
We are committed to providing advice through the channels that best suit your needs. Our brokers can provide advice via phone, email, video and web chat from anywhere in the UK, but we also aim to offer face-to-face appointments for those who request them.