New Build

There are many good reasons to buy a new build property. Here at KAD it’s what we do best! With our company Director having many years experience in the new build mortgage industry you are in very safe hands!

So why buy a new build?

  • Ability to choose your own fixtures
  • Low maintenance work for many years
  • Covered by builders warranty
  • Energy efficient
  • Option to consider Green mortgages from lenders
  • No onward chain
  • Potential new build incentives

So why is a new build mortgage different to a normal mortgage?

Builders very often have a tight deadline for exchange of contracts so a lender that can produce an offer in the required timeframe is essential to secure your plot.

New builds can often be built some distance into the future and your mortgage offer might expire before the build is complete as commonly lenders provide an offer valid for six months.  Luckily we know which lenders give longer offer periods or an option to extend for build dates that are further than six months away.

A lot of lenders require a larger deposit for new build properties, this is normally to protect themselves, however this differs between lenders.

Builders can sometimes offer incentives, this could be a contribution towards your deposit, stamp duty,  legal fees or a combination of fixtures and fittings.  Lenders rules surrounding these can vary and choosing a lender that will allow these incentives is vital.

We will communicate with the builder on your behalf in order to keep them updated with your mortgage application.

If you are considering a new build please do not hesitate to contact us to talk through your circumstances and see how we can help.


Shared Ownership

This is where you purchase a percentage of the property and take a mortgage for your share, with the other share being owned by a housing association to which you will pay rent for their share.  You are normally able to purchase between 25-75% share of the property with a deposit of 5% or greater.  The builder or KAD can normally assist in your eligibility for the scheme with an affordability assessment.


The First homes scheme, launched in June 2021, gives first-time buyers the opportunity to buy their home at a 30% discount and in some areas the discount could be as high as 50%.

What you should know about First Homes:

  • It’s only available to first time buyers in England buying a new property.
  • Purchasers must have a household income of less than £80,000 (or £90,000 in London).
  • The scheme is designed to help people get on the housing ladder in their local area. This means that the eligibility criteria is set by the local authority and may differ. For example priority may be given to local key workers.
  • There are only a handful of developments that offer First Homes.


This is a scheme to help first time buyers and home movers buy a new build property with potentially only a 5% deposit. In order to use deposit unlock the builder has to be participating in the scheme and use a participating lender.

  • Buy with just a 5% deposit and 95% mortgage
  • Selected new build properties
  • Purchase up to 750k
  • Allows customers to access competitively priced mortgage products

Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

Some Buy to Let Mortgage, conveyancing and surveys services are not regulated by the Financial Conduct Authority.