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Mortgages for first time buyers

Mortgages on new build properties

With the Government funding various incentives for buying new build properties, lots of prospective buyers are looking to these kind of properties to make their homes; especially first time buyers. Finding a mortgage for a new build property can sometimes be a little trickier than if you were buying an older property but the mortgages that are out there often require a smaller deposit due to the various Help To Buy schemes currently available.

It can be a bit confusing but you don’t have to tackle the project alone – let TaylorMade find you the best deal on your new build property.

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Everything you
need to know…

Upfront Fees

Whether your new build property has been built or not, developers will often ask for a reservation fee to be put in place to secure your plot. This is non-refundable so if you decide against buying the property, or your mortgage application doesn’t complete in time or falls through, you will lose this fee.


Time is often a factor when looking to buy a new build property. If your home has already been built, there’s usually a 28 day period to exchange legal contracts and to have a mortgage in place. With the usual mortgage application taking between 2-4 weeks it is essential to factor this in.

On the other hand, if you’re buying a plot that has yet to be built, you often don’t have to submit your full deposit until the property is near completion. This gives you time to continue saving for a bigger deposit which would significantly reduce your monthly repayments.

With a wealth of different incentives and schemes geared towards new build properties and first time buyers coming into effect, it can be a little overwhelming trying to figure out the best option to take.

If you’d like to get some expert advice on new build properties and the types of mortgages that would be most suitable; as well as up to the minute knowledge of all the latest government schemes available, contact one of our advisers at TaylorMade.

To ensure you get the best deal on the market, let TaylorMade give you a helping hand.

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Why choose

We compare over 70 lenders

We compare over 70 lenders to ensure you get the very best mortgage deal suited to your lifestyle. We’ve been around for a long time and we know the mortgage providers inside out.


We offer a personal concierge service so you will meet us face to face. Our expert mortgage advisors will provide you with all the information you need to make an informed decision.

There are no hidden fees

You will never pay more than 1.95% of the mortgage balance. Our average fee is 1% and the minimum fee you will pay is £1295.

We make it quick and easy

We can get you a mortgage in as little as two weeks. We’ll help you fill out all of the forms and will never put you forward for anything you are not likely to be accepted for.

Taylor Made Testimonials

Don't just take our word for it

We have a wealth of happy customers who can’t help but shout about our excellent services.

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418 Reviews
4.9 Rating

Emma Richards

Having recently used Taylormade Finance for remortgaging our rental property. From start to end we found Dean extremely professional, knowledgeable and helpful. From meeting Dean in our own home up to the week before completion, Dean kept us well informed and was always happy to take a call from us if needed. Dean gave us advice and options that we had time to consider and this helped with a much smoother process. Thanks again for all your help and look forward to speaking to you again in the future with any further financial assistance.


Michaela Turner

We have been dealing with Richard from TaylorMade Finance for a good number of years now. Ever since our very first meeting with him, we knew we had chosen the right company. Friendly, professional, and just excellent service every time. Richard took the time to get to know us and understand our needs from day one, and he's done the same with every review we have had. We highly recommend TaylorMade Finance as your go to mortgage advisor. Thank you Richard and the rest of the TaylorMade team


Talk to us

If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.

0345 305 2540

By clicking on the above link you will be leaving the regulated site of TaylorMade Finance Ltd. TaylorMade Finance Ltd is not responsible for the accuracy of the information contained within the linked site.

TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.


In the event that you wish to complain, you can contact us by email, telephone or letter.

Our address for this is:
Complaints Officer, TaylorMade Finance Ltd, 4 Church Road, Urmston, Manchester, M41 9BU. Our email address is and our telephone number is 0161 776 1089. We will then investigate the issues raised and inform you of our findings. Should you be unhappy with the resolution to your complaint you may contact the Financial Ombudsman Service, who can be contacted at the following address: Financial Ombudsman Service, Exchange Tower, London, E14 9SR.

Phone: 0800 0234 567

Your mortgage will be secured against your property.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of up to 1.95% of the mortgage amount, subject to a minimum fee of £1,295 and an overall maximum fee of £2,995 payable on completion.