Can I get 90% LTV mortgage on new build property?

[mangos]

Booking a vewing on new build tomorrow but can definitely only stretch to max of 10% desposit.

Will that cause a problem securing a mortgage?

[mangos]

Many thanks Sarnie,

it is a house.

Should we be worried about potentially securing 90% ltv and not bother continuing with the viewing?

[mangos]

z4RRSchris said:

the biggest issue you will have is that the new build premium that you are paying will not be factored into the mortgage valuations calcs. So..

a) they will want more than 10% deposit
b) your valuation will fall up short

non starter then?

[mangos]

Do I need to meet a certain criteria for Help to Buy as been suggested?

House is £335k a mile from m25

[mangos]

Thanks all, just took a look one he governments website.
Looks like it would be an option!

If we like the house we are viewing and want to buy it, is help to buy something to get through a broker or do we need to go through government channels directly?

[mangos]

Sarnie said:

Builder needs to be an approved builder...............and I'd MUCH rather buy a new build with a 10% deposit and own the property in full rather than being lumbered with a 20% equity loan.......

That is our feelings also Sarnie.