NewBuy

With a deposit of only 5% of the purchase price you can purchase a new home

NewBuy

With a deposit of only 5% of the purchase price, you can purchase a new home (from selected house builders) taking part in NewBuy, you don't even need to be a First Time Buyer!

Eligibility

The new home must be:

  • Your main residential home (not buy to let)
  • Less than £500,000
  • A new flat/apartment/house being sold for the first time
  • From a NewBuy builder
  • Owned by you!! You cannot combine this with other schemes, e.g. shared ownership

You must be:

  • A UK Citizen
  • Able to remain in the UK indefinitely (with the appropriate VISA)
  • You do not have to be a first time buyer

What happens next?

Use an approved NewBuy mortgage lender, lending 95% of the purchase price.

You must use a new home builder/developer taking part in the scheme, this may be on selected plots.

Your application is subject to lenders/developers usual terms and conditions, assessments and affordability