New Build Mortgage Specialists
Xact Mortgages have been providing New Build Mortgage advice for over 23 years and collectively we have 150 years new build experience within our company. This experience is crucial in helping you secure the mortgage you need for your dream home.
Our service
Our service
Xact Mortgages have over 23 years’ experience in the New Build sector and are considered New Build Specialists with many National Builders. Our consultants can take you through the mortgage process, submitting your application, and monitoring your new build development timescale. We handle the stress, so you can focus on moving in.
Speaking to a specialist helps you understand the different benefits and offers that are out there e.g. part exchange, assisted move and payment of your legal fees. If you have found that dream home and want to secure it today, contact Xact Mortgages on 0800 014 9962.
New build mortgage schemes:
Shared Ownership
Shared ownership is a scheme that allows you to buy a share of a new home, typically between 25% and 75%. The remaining share is owned by the Housing Association and you would pay rent for this share. This is a great option for First Time buyers or customers who don’t have the affordability to stretch to a full priced property.
Own New Rate Reducer
Own New Rate Reducer is a scheme that allows the homeowner to have an initial lower interest rate for their mortgage. This scheme is ideal for customers who need to reduce the mortgage payment over the initial years. Mortgage lenders have products available from 90% – 60% LTV products.
Low Cost Homes / Discount Market Value
Local councils are being proactive to help home buyers within the local community. In turn, they have introduced schemes such as First Homes scheme, Low Cost Homes and Discount Market Value properties. These are options for home buyers where New Homes are sold below the market value, typically 30%-50%. Please note, the eligibility requirements depends on the council and developer.
Deposit Unlock
Deposit Unlock is a government backed scheme that helps first time buyers obtain a New Build mortgage with 5% deposit. Please make sure the builder and mortgage lender are affiliated with the scheme before reserving.
Xact Mortgages Ltd is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority.
No fee will be charged for our advice services. We will be paid a procuration fee from the lender.
Why choose us?
Finding the right mortgage product for you and your family, whether you’re a first-time buyer, investor or remortgaging, can be daunting, that’s why here at Xact Mortgages we offer a comprehensive panel of lenders. We work for you and not the lender.
