Buying a new build house is just another option for homebuyers when it comes to choosing their next property. We know that everyone has different tastes and whilst some prefer period houses with character and features, others might prefer a new build property with a more modern feel, new environmental add-ons and typically a blank canvass which can be made their own.
There are pros and cons of both, here are some advantages you can be sure to receive if you decide to buy a new build.
New build mortgages – Help to Buy schemes
There are various Help to Buy schemes available to you, including:
Visit our Help to Buy page – to learn more about this option.
There is no chain!
Being involved in a chain, whatever size, can be unavoidable. However, with new builds, you aren’t at the mercy of other buyers and the house is ready to move into straight away as you aren’t waiting for previous owners to move out.
Make it your own, straight away!
The property will be untouched by any previous owners, leaving you with a blank canvas to decorate as you see fit, and at your own pace.
When you buy a new build house, you’re protected by a home warranty. This means you can relax knowing that should anything untoward happen, you’re covered for up to 10 years.
The day to day running of a household can be quite expensive once you’ve broken it down by electricity, water rates, heating etc. All new builds are built to the latest building standards, which includes:
- Water-saving systems
- Low CO2 emissions
- Double-glazed windows
- Efficient boilers
New builds are now roughly 50% cheaper to run than much older houses. This could equate to an annual saving of £1,410 for a 4-bed detached house through to a £440 saving for a 1-bed ground floor flat.
Houses are now built to an excellent standard; from the new fixtures and fittings to lightweight trusses in the roof, double glazed windows and insulated walls. The builders also work closely with local planners and the Environmental Agency to ensure they are creating a development that isn’t at risk of flooding.
If you would like to find out more about new build mortgages, and how we can help, contact us here or call 03454 500200.
With mortgage brokers in Winchester, Southampton, Farnham, Bishops Waltham, Alton, Chandlers Ford, Alresford, Romsey and Park Gate, you are never too far from mortgage help.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.