Finding the Best UK Lender for a New Build Mortgage

How can you pick a lender for a new-build mortgage with confidence that they'll approve your mortgage application? Read on for insider insights from the new-build mortgage experts at Revolution Finance Brokers.

About your mortgage

Error: Yearly income income must be between £1 and £10,000,000.

Error: Regular bonus must be between £1 and £10,000,000.

Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

Finding the Best UK Lender for a New Build Mortgage

New build mortgages have typically been a specialist product, but as more mainstream lenders start offering similar lending, the marketplace is growing.

Suppose you're keen on the convenience of buying a new build home or flat. In that case, the best option is to seek application support from an independent broker who can advise which lenders offer the most competitive terms, and where you're most likely to be approved.

For bespoke advice from a whole-of-market broker on the best new build mortgages in the UK, contact Revolution on 0330 304 3040, or email us at

How Lending Criteria Works on New Build Mortgage Applications

The lending criteria for new build mortgages tend to be stricter than for established homes - this is primarily because it is hard to get an accurate valuation.

Mortgage providers may also ask for confirmation that the construction adheres to relevant standards required by indemnity schemes to ensure there is a ten-year warranty in place.

For a borrower, you will find fewer lenders offering new build mortgages, often higher interest rates and higher deposit requirements. So expert advice from an independent broker is essential to avoid paying over the odds.

Many new build mortgages are capped at 80% or 90% of the property value, although some lenders will offer mortgages off-plan if you're buying before the construction work has completed.

Where there are incentives to buy, such as cashback, a lender might be more cautious, mainly if purchase incentives equate to 5% or more of the property sale price.

Which Lenders Offer the Best New Build Mortgage Deals?

Each lender will have different criteria, so the only sure way to find the most competitive deals is to consult a whole-of-market broker who can recommend the best products, and the lowest rates currently available anywhere on the UK market.

New products are launched regularly, so an independent broker will have access to specialist lending options that are not available directly to the public, and maybe a much more cost-effective option.

For comparable new build mortgage rates, contact the Revolution team on 0330 304 3040.

What Sort of Rates and Conditions are Available on Current High Street New Build Mortgages?


New Build Mortgage Info


90% Loan to Value mortgages available on all new build properties.

Developer cash incentives permitted up to 5% of the property value.

New build specialist lender - does not deal with the public directly, so a broker is essential.


Maximum 90% LTV on new build houses and 85% on flats.

Cash incentives permitted from developers to fund the deposit up to 5%.

Usually only available through a broker.


Loan to Values up to 90% for houses and 80% for flats.


Maximum of 85% of the property value, both for houses and new flats.

Deposit required of 15%.

Not often offered directly to the public, so a broker is essential.


Provides new build mortgages to 85% on any new build property.

A minimum deposit of £25,000 on any mortgage with an LTV above 75%.

Pre-completion mortgages are available, but funds are not released until construction is complete.

Leeds Building Society

Offer a new build mortgage up to 90% on houses and 85% on flats.

Optional extension to validity period if the construction is behind schedule.


Maximum loan of 85% on houses up to £1 million purchase price.

Loan to value restricted to 80% for higher value houses.

75% max LTV on new build flats.

Validity period on new mortgage offers has been extended from six months to six months and 45 days.


Lend up to 85% on new build houses and 75% on new-build flats.

More extended 12-month validity period.

Post Office

Lend only in some scenarios on new builds, up to 80% LTV.

Limitations on types of properties they will lend against.


Offer a new build mortgage up to 85% on houses and 80% on flats.

Can consider extending the validity period in some cases


Loan to Values up to 90% on houses and flats.

No cash incentives accepted towards the deposit on an LTV of 85% or higher.

How Does the Application Process Work for New Build Mortgages?

In many cases, banks and lenders do not offer new build mortgages directly to the public. It can also be far more cost-effective to consult a broker, who can advise which lenders are offering the best rates, and are most likely to approve your application.

Making speculative applications can rack up credit searches on your credit file, which can cause problems if you have multiple rejected mortgage applications.

Revolution Brokers works with all the major high street lenders and mortgage providers. In addition to those in the above table, we negotiate mortgage terms with lenders such as:

  • Aldermore
  • Coventry Building Society
  • First Direct
  • Hinckley and Rugby
  • M&S Lending
  • Metro Bank
  • RBS
  • Tesco Bank
  • Virgin Money
  • Yorkshire BS

Independent Advice on UK New Build Mortgage Lenders

For whole-of-market access to all the new-build mortgages on the UK market, contact Revolution Brokers on 0330 304 3040, or send an email to to arrange a good time to talk.

As an independent, whole-of-market broker we'll ensure you apply to the right lenders, at the right rates, to find the new build borrowing you need.

Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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Revolution Brokers understands that mortgages can be complex and confusing!

Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.