Innovative products to support your New Build clients
As a Building Society, we are committed to supporting our communities and helping customers achieve their dream of homeownership. We recognise that this can feel out of reach to a large number of customers. We therefore spend a lot of time, thought and effort in designing innovative New Build solutions that can help with borrower's affordability and ability to step onto or up the housing ladder.
Deposit Unlock
We partnered with the Home Builders Federation and Gallagher Re in 2021 to develop Deposit Unlock, an innovative mortgage indemnity scheme designed to give low-deposit buyers more borrowing options when it comes to New Build homes.
Available nationwide, the scheme supports customers making their first or next step onto the housing ladder, allowing them to purchase a New Build house or flat (with a minimum of two bedrooms) up to the value of £750,000 with a deposit of just 5%!
Find out moreFirst Homes
First Homes is a Government-led scheme available in England to support first time buyers and key workers onto the property ladder by offering homes at a 30% discount against the property's market value. The discount will remain on the property forever to support future generations of first time buyers in the community. The scheme is available to buyers earning less than £80,000 per year (£90,000 in London).
Find out moreNew Build
Our standard New Build proposition is available nationally and offers a maximum LTV of 90% for New Build houses and 80% for New Build flats. All offers are valid for 9 months and we also accept builders' cash incentives up to a maximum of 5% of the purchase price, which may include cashback or help towards legal costs, deposit and stamp duty. Unlimited non cash incentives are also accepted.
Leasehold changes
As part of our commitment to supporting clients onto and up the property ladder, we have recently reduced our leasehold policy to require only a minimum of 85 years remaining upon application for all leasehold properties.
Ready to make an application? You can find our latest criteria details on our website.
Find out moreContact us
Talk to your dedicated Business Development Manager or contact your Intermediary Support Team at Intermediary.lending@newcastle.co.uk or 0345 602 2338.
We're finalists for Best Medium Size Lender!
We are delighted to be finalists at this year's Legal and General Mortgage Club Awards for Best Medium Size Lender.
A huge thank you to everyone who voted and the winners will be announced at the award ceremony on Friday 9th June. Our fingers are crossed for the night!
