Mortgage & Finance Information Hub
Need a question answered about the financial side of buying a new build? Our hub has everything you need, from mortgage information to great schemes.
Your finance information hub
Buying a new build home comes with a few different parts to consider compared to your standard home purchase, so it’s good to be as informed as possible before you start the process.
That’s why we’ve put together the dedicated hub page, where you will find all the information you need, ranging from mortgage guides to both our own and the government schemes.
THE IMPORTANT BIT
Mortgages
Dealing with a mortgage can seem like a very overwhelming and confusing task, but if you have all the information in front of you, it all starts to make a lot more sense.
This is why we created an ultimate mortgage guide, which includes a step-by-step breakdown of the mortgage process and some tips to help you get a mortgage that best suits your financial situation, especially if this is your first time applying for one.
Another piece of good news for anyone looking at Anwyl Homes is that the great energy efficiency ratings on our new builds make them eligible for green mortgages.
Latest Mortgage News
You can find the latest mortgage news and updates on our blog.
Schemes
While it may seem like there is a lot of help for first-time buyers out there, that doesn’t mean the rest cannot benefit from a boost as well. After all, whether it comes directly from our own dedicated schemes or from the government, every little helps.
Mortgage FAQs
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On a purely fundamental level, new build mortgages aren’t any different to your standard mortgages for other homes. However, some lenders might offer higher loan-to-value (LTV) ratios and longer mortgage offers, while others may impose stricter criteria.
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This entirely depends on the lender you choose. Some are more favourable with loaning for the purchase of new builds than others. That’s why doing your research is extremely important, and we can help you by putting you in touch with one of our Financial Advisers.
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A lot of banks and lenders now give you the option of applying for a mortgage agreement in principle directly on their website, where you will need to fill out a form by providing some details. You can then normally get a decision in a matter of minutes. However, if you prefer to do this in person, you can also arrange an appointment with them directly for a face-to-face sit-down.
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This depends entirely on your finances. Most new home builders and lenders will require a minimum of a 10% deposit to go ahead with the buying process. However, you might be able to secure a home with a smaller deposit depending on the mortgage you choose, or by using schemes such as Help to Buy – Wales or our very own Key Worker Deposit Contribution.
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Stamp Duty (or Land Transaction Tax/LTT in Wales) is a levy placed on the purchase of a property in the United Kingdom that must be paid to the government when certain requirements are met. For more information, please see our dedicated Stamp Duty guide.
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This will vary from lender to lender, with some lenders charging flat broker fees, while others may not. Always read the documentation given to you by your lender to ensure you aren’t faced with any surprises.
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While you can certainly have a face-to-face meeting with a broker, a lot of lenders have the option to do the entire process online, making this an increasingly more common choice.
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You will need a photo ID, proof of address, payslips from the past 3-6 months, a P60 from your employer, current bank statements, as well as the details of the property you are buying, among others. You will also need to be transparent about any current existing debt, such as any other loans or credit cards.
We’re here to help you on your journey
Got your mortgage in principle? Looking to speak to our Homes Adviser about your perfect plot? Give us a call or pop in for a brew!