Great news for new build home buyers - Britain’s biggest lender Halifax has announced they will now be offering 95% mortgages for people buying a new build home!
Halifax had previously offered 95% loan-to-value (LTV) mortgage deals to homeowners buying an existing property, but the lender has now extended this offering to new-build purchasers.
This means you could buy a new Erris home with only a 5% deposit!
When will this offer come into effect?
The offer came into effect on 1st July 2022.
Who is eligible?
Good news – both first-time buyers and current homeowners can take advantage of the deal!
Can I buy any property?
Halifax has specified that they will only new-build houses will be eligible for the mortgage. However, they will also offer 95% LTV mortgages on houses and flats using Shared Ownership schemes run by housing associations.
Is there a price cap?
Yes – Halifax will offer 95% LTV mortgage deals on new-build homes which are valued under £570,000.
Is the possibility of purchasing your dream Erris home now a reality? Start your new home journey and browse new homes for sale in Yorkshire!