New Build Mortgages Lichfield
Looking to buy a newly built home in Lichfield or the surrounding areas? At Kind Financial Services, we specialise in helping buyers secure the right mortgage for new build properties—whether you’re a first-time buyer, moving up the ladder, or investing in a brand-new development.
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New Build Mortgages in Lichfield
Last Updated: 6th June 2025
Navigating new build mortgages can be more complex than purchasing an older property, but with the right support, it doesn’t have to be stressful. We’re here to make the process fast, simple, and tailored to your needs.
What Is a New Build Mortgage?
A new build property is typically defined as a home that has been built within the last two years and has never been occupied. These homes are usually sold directly by a developer and often come with warranties such as NHBC, LABC, or Premier Guarantee.
While the mortgage process is broadly similar to other property types, lenders often have stricter criteria for new builds due to perceived risks like:
- Over-valuation compared to local older homes
- Build completion delays
- Depreciation in value in the short term
- Shorter validity periods for mortgage offers (typically 6 months)
As a result, it’s essential to work with a broker who understands the nuances of financing a new build.
Why New Build Mortgages Are Different
How We Help You Secure the Right New Build Mortgage
At Kind Financial Services, we provide tailored mortgage advice for new build buyers in and around Lichfield. Here’s how we make the process easier:
- Speed & Precision: We act quickly to secure mortgage offers before developer deadlines.
- Specialist Lender Access: We work with lenders who offer longer validity periods and understand the new build market.
- Developer Coordination: We liaise with builders and solicitors to ensure everything stays on track.
- Scheme Guidance: We help you make the most of schemes like Shared Ownership, Deposit Unlock, and First Homes.
Whether you’re buying in a new development in Fradley, Streethay, or Burntwood, we’ll make sure you have the right mortgage in place at the right time.
Common New Build Mortgage Schemes
Several government and developer-backed schemes are designed to make buying a new build more accessible. We can help you explore:
Deposit Unlock: A scheme supported by major builders allowing you to purchase a new build home with just a 5% deposit—even if you’re not a first-time buyer.
First Homes Scheme: Offers first-time buyers a 30%–50% discount on new builds from selected developers, provided you meet eligibility criteria.
Shared Ownership: Buy a share of your new build home (usually 25% to 75%) and pay rent on the rest, with the option to staircase over time.
95% LTV Mortgages: Some lenders offer high LTV mortgages specifically for new builds, helping you get on the ladder with a smaller deposit.
We’ll explain how each scheme works, check your eligibility, and guide you through the application process with no jargon.
Top Tips for Buying a New Build Home
Here are some expert tips to help you prepare for your purchase:
Get a Mortgage Agreement in Principle Early: This shows developers you’re a serious buyer and helps speed up the purchase process.
Use a Solicitor Experienced in New Builds: New build contracts can be more complex. We’ll recommend solicitors who know what to look for.
Plan for Snagging: Inspect the property before completion and ensure snagging issues are documented and resolved before final handover.
Don’t Delay Once You’ve Reserved: Once you reserve a plot, you’ll typically have 28 days to exchange contracts. We make sure your mortgage application is ready to go.
Why Choose Kind Financial Services?
We’re not just any broker—we’re your local, independent, and trusted mortgage expert in Lichfield. Here’s what makes us different:
- Local Knowledge: We understand Lichfield’s housing market, developers, and legal professionals.
- Whole-of-Market Access: We aren’t tied to specific lenders, so we can find the best deal for your situation.
- Personal Service: We take time to understand your needs, not just your numbers.
- Fast Turnaround: We move quickly to meet tight developer timescales and avoid unnecessary delays.
Our advice is friendly, clear, and completely tailored to you.
Speak to a New Build Mortgage Expert Today
Buying a new build home in Lichfield? Whether you’re purchasing in a large development or a small private build, we’ll help you secure the mortgage that fits your budget, timescale, and long-term plans.
Get in touch for a free mortgage consultation today.
We make the mortgage process simple—so you can focus on enjoying your brand-new home.
Please be aware that by clicking onto the above link you are leaving the Kind Financial Services website. Please note that neither Kind Financial Services nor PRIMIS Mortgage Network are responsible for the accuracy of the information contained within the linked site accessible from this page.
Your home may be repossessed if you do not keep up repayments on your mortgage.
FAQ's on New Build Mortgages
Most frequent questions and answers
Some lenders do require a larger deposit for new build flats (typically 15%), but 5%–10% deposits are often accepted for new build houses, especially with schemes like Deposit Unlock.
Most lenders offer a 6-month window, but some provide extensions. We’ll help ensure your mortgage doesn’t expire before your home is built.
We work closely with developers and lenders to request offer extensions and keep your purchase on track—even if there are unexpected delays.
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