Related topic: New build

New Build Boost launched in March as a private sector alternative to Help to Buy.

The Society recently increased the maximum LTV for new build houses to 95%.

Rates have reduced by up to 0.23%.

The intermediary-only lender is also extending 95% LTV lending to new builds.

90% LTV lending on new build houses and 85% LTV lending on new build flats is available now from Gen H.

Trudy Woolf, director of lender services at e.surv Chartered Surveyors, says the development of brownfield, greyfield and greenfield sites presents potential issues for lenders that...

In cases where there is concern that the property will not be completed within nine-months, a three-month extension can be applied for.

The new products include 43 new build specific mortgages.

Two-year fixed rates have reduced by up to 0.47%.

All rates up to and including 80% LTV have been reduced by up to 20bps.