We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

In association with

Home > Training > Adviser Guides

From Adviser Guide: New Buy Mortgages

Q: How can I make sure my client gets a decision quickly?

The nature of the NewBuy scheme means not all builders will be working with all lenders.

By Emma Ann Hughes | Published Jul 26, 2012 | comments

It is important to ensure the builder is on the approved list for the specific lender and the application meets the requirements of the scheme:

• Property must be in England.

• Property value must be less than £500,000.

• Applicant must be a UK national or have indefinite leave to remain.

• The property must be the applicant’s main residence.

• The property must not be being purchased through a shared ownership or equity share scheme.

Finished reading all the other articles in this Guide?Bank 1hr of Structured CPD

Most Popular
More on FTAdviser