New Homes

New home builders usually work to demanding timescales, and once you have paid a reservation fee you will usually have only 28 days to get to ‘exchange of contracts’ when the transaction becomes legally binding. This means around 3 weeks to obtain a binding mortgage offer from your lender. If you don’t meet this demanding timescale you will lose your reservation fee, as well as the property you had your heart set on calling home.

Genistar Mortgages are leaders in the use of cutting-edge technology to deliver fast and reliable mortgage offers within the timescales demanded for new home purchases. Genistar Mortgages can give you an idea of your options from here. The benefits of using Genistar Mortgages for funding newly built homes are:-

• Tailored approvals in principle within minutes

• Instant confirmation of approval in principle to the site

• Advice available 24 hours a day, 7 days a week

• Transparent process with full visibility of progress towards mortgage offer

• Quick mortgage applications with very few subsequent requests for information

Genistar Mortgages will also sift through over 20,000 mortgages from 120 lenders to find the best one for your needs.

We can help if you need a Help to Buy mortgage as a First Time Buyer, or whether you’re buying a new home and need to sell first. We also help investors with buy to let mortgages for new homes.