Here are the latest updates from Barclays. These products are available via our direct to lender mortgage club which offers you payment on completion and a lot more besides!
95% LTV mortgages now available for new build houses
We’re pleased to share a significant enhancement to our mortgage offering: 95% Loan-to-Value (LTV) mortgages are now available for new build houses.
This update is designed to help more of your clients achieve their dream of owning a new build house with a lower deposit required.
Key eligibility details:
- This increase to LTV covers new build houses with a maximum value of £600k
- The deposit must be sourced from the applicants’ own funds (usually from the applicants’ own savings, the sale of their previous property, a gift from relatives/partner or a combination of these sources); builder financial incentives cannot be used towards the deposit
- Standard affordability and credit criteria apply.
Explore our full mortgage policy here.
How else do we support your new build cases?
Day one valuation instructions
We understand the pace needed for new build cases, so as standard we offer day one valuations. These are free for residential properties with a purchase price up to £2m.
6-month offer extensions
Our offers can last up to 12 months, if you apply for a extension of 6 months after the initial offer period.
You have the option to keep the existing rate or select a new business rate at the time of extension.
Specialist support
To support you with the complexities of new build applications we have a dedicated support team of 14 new build experts that provide specialist support.
Our team can now accept key documents directly, without needing to involve an underwriter. That means quicker turnaround times and smoother case progression for you and your clients.
Get in touch via the ‘New Build’ option on live chat in the Intermediary hub.