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Just Mortgages launches new build adviser training

Just Mortgages launches new build adviser training

Just Mortgages has opened applications to brokers for its first training academy specifically dedicated to new build lending. 

The four-week course will house the mortgage broker’s third academy cohort, and will start on July 19.

Applicants, who are vying for a total of five spaces, will need to have completed their CeMAP 1.

Once enrolled they will learn about lender criteria, the Help to Buy scheme, and shared ownership, whilst practical training will include relationship building with housing associations and property developers.

“We have seen tremendous growth in new build as of late,” said John Doughty, Just’s financial services director for its new build division.

“We want to attract fresh blood into the business and to do that, we must make sure brokers understand the intricate differences between new build and standard that advisers need to be aware of.”

The mortgage broker has grown its new build arm from six advisers three years ago, to 23 today. By August, it hopes to have 32.

National House Building Council (NHBC) figures published last month showed there was a 10 per cent increase in new-build homes registered by builders in the first quarter of 2021, as 36,863 new-build homes were registered, compared with 33,388 in the first quarter of 2020.

In April, the government introduced a scheme designed to help buyers get a leg up on the housing ladder by encouraging banks to lend up to 95 per cent of a property’s value backed by government guarantees.

The government guarantee is designed to reduce banks’ risk by protecting them from losses if a borrower defaults on their loan.

ruby.hinchliffe@ft.com