Find the pros out and cons of shopping for a new-build home or flat, just exactly how new-build mortgages work
The entire process of investing in a new-build
1. Get your funds if you wish
Seek guidance from an experienced mortgage adviser as to just how much you might have the ability to borrow. This way, you will understand exactly that which you can manage prior to starting planning to see properties which can be out of your reach.
It may possibly be beneficial to have home financing contract in theory (AIP) prior to starting house-hunting, specially if you are a first-time customer.
It is a document from home financing loan provider confirming you a mortgage for a certain amount, which you can use to prove to the developer that you’ll be able to afford the property that they will, ‘in principle’, give.