The reason why new build property deposits cost more than usual #newbuildhome

#newbuildhome A question I’m sometimes asked as a mortgage broker is why new build properties require a larger deposit than older properties. The answer is simple, lenders are more cautious with new build properties due to a lack of history with the property. Premiums are generally higher with new builds and as a result, to minimise risk, the lenders charge more for deposits on a new build properties. ?? FOLLOW THE COMPANY ► Official Site: https://www.nicheadvice.co.uk ► Instagram: https://www.instagram.com/nicheadviceuk ► Facebook: https://www.facebook.com/nicheadviceuk ► Twitter: https://twitter.com/nicheadviceuk ► Linkedin: https://www.linkedin.com/in/nicheadvice/ ► Tiktok: https://www.tiktok.com/@nicheadvice THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS. The content of this Video does NOT constitute giving advice i

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