6 Reasons to Buy a New Build Property

Buying a new build property can be exciting. With more and more developments popping up, we look at 6 reasons why a new build property could be perfect for you.

If you’re considering buying a new-build property and want advice on the best mortgage options for you, speak to our expert advisers.

  1. Your structure is covered

    The majority of new-build homes come with a 10-year NHBC (National House Building Council) warranty (check with the development you’re visiting). This provides protection to house buyers for any structural defects. Some house builders also provide their own two-year warranty.

  1. It’s a blank canvas

    A new house is fresh, bright and clean. With no previous owners, you have a blank canvas to design how you want. Add your own style to each room without having the cost of stripping wallpaper and removing carpets.

  1. Help to Buy

    The Scottish Government’s Help to Buy affordable new build scheme, helps buyers buy a new build home with minimum 5% deposit. The Government then take an equity stake of up to a maximum 15% of the value of the property. Our mortgage advisers can help you with schemes like Help to Buy.

  1. Energy-efficient

    New build homes are built to the latest environmental standards. They are super insulated, resulting in new build properties being six times more energy efficient than houses built in Victorian times*.

    Research from the NHBC Foundation has shown that living in a new home could result in savings of around 55% on gas and electricity spending*.

  1. Incentives

    Check the builder’s sales website before you go. Some of them may be offering incentives, such as paying for your land and buildings transaction tax or even upgrading your kitchen worktops. Also, there’s no harm in asking if there’s anything extra they are willing to help you with.

  1. No previous owners to annoy you

    With a new build property, you won’t have to wait on the owners  of the property finding somewhere else to live. Once you’ve reserved your property, you’ll then be given a completion date so that you are able to start planning your move.

While the reasons to buy a new-build are strong, there are always disadvantages – such as if there are any delays in construction, your mortgage offer could expire.

We, at Aberdeen Mortgage Company, are new-build mortgage specialists. For any queries, call 01224 316200 or fill in our online enquiry form.

*NHBC – Why Buy This Home? Accessed April 2018

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This firm charges a fee of up to £395 for mortgage advice. The amount of fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity.

Lifetime Finance Group Limited trading as Aberdeen Mortgage Company is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. The Financial Conduct Authority does not regulate some forms of Buy to Let. Lifetime Finance Group Limited.