Vida's New Build Mortgages

There are several benefits of buying a new build property; it's less likely to require the same level of maintenance than older property, energy bills may well be cheaper and, if clients are buying off-plan, some aspects of the interior design are customisable. Specialist lenders have specific product and service propositions built around the new build purchase process.

Who is this product for

  • For those customers who are looking to purchase a new build property taking advantage of builder’s deposit or stamp duty incentives
  • Available for those who wish to ‘Buy Together’

Key Lending Criteria

  • Offer period for New Build extended from 4-month validity period to 6 months
  • No need to re-inspection prior to completion as we will accept the builder’s completion certificate
  • Builder’s deposits accepted
  • Dedicated new build team (based in Skipton) who understand the need for speed due to the builder’s typical 28-day exchange from offer acceptance
  • Available on all products
  • First-time buyers & home movers accepted