Building warranty
The developer will provide a guarantee to ensure the building has been constructed to a standard set by the warranty provider.
New Build now at 95% LTV. Another Helping Hand from Nationwide.
With increased LTVs and offer period, we're helping more home movers and first time buyers into new build homes.
New Build
Here you can find information to support you and your clients buying a new build, including an overview of our product offering and case support.
Maximum loan to value
85% LTV for New Build flats
95% LTV for New Build houses
Where your New Build application is above 90% LTV, we do not accept builder gifted deposit or financial incentives.
Offer validity
Applications are valid for 9 months (270 days) with no extensions available.
A 15 day grace period will still apply, as long as the Certificate of Title (CoT) is received before the original offer expires.
New Build and first time buyers
If your client is a first time buyer, Helping Hand is available up to 95% LTV across our 5 and 10 year fixed rate mortgages, subject to eligibility.
For example, if your client is purchasing a New Build property priced at £270,000 with a 95% LTV mortgage:
- Maximum loan amount is £256,500
- Minimum income required is £57,000
However, with Helping Hand, the minimum income required could be reduced to £43,000.
Criteria
Check our New Build criteria for full eligibility, including builder incentives, leasehold terms and ground rent, and construction types accepted.
New Build support
Our specialist New Build support teams and case owners are on hand to answer of your New Build questions.
Housing schemes
Help to Buy – Equity Loan support, Shared Ownership, Forces Help to Buy and other housing schemes can support your client.
Green Reward
Green Reward cashback is payable on both New Build and Non New Build properties, provided they meet eligibility criteria.
Valuations
We instruct your New Build valuation the day we receive your application. We offer free standard valuations on our products.
Construction
Find out about our process on construction, which includes criteria on construction types, estate charges and leasehold terms.
Estate charges
Check any estate charges that may apply to the property, as these could be relevant to the valuation.
New Build at Nationwide: In conversation with James Briffitt
Hear from James Briffitt, Head of Intermediary Sales and New Build and Gemma Clark, Intermediary Propositions Manager at Nationwide. In this session, they discuss how we're further supporting the New Build market through our recent changes.
Speed up your application
Before you submit a New Build case, use this checklist to help your application progress smoothly:
- Contact our New Build support team to check we're able to lend on the property.
- Review our New Build lending criteria, including lease terms and ground rent requirements.
- Check our providing proofs page for full details of proof requirements. Getting it right first time can help you receive a quicker offer.
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Make sure the UK Finance Disclosure Form is fully completed and available for the valuer at inspection to avoid delays. Double check the lease commencement date, full address, and ensure section 9.b on ground rent (if applicable) is completed correctly.
- Only upload documents we've requested. For example, we don't need proof of your client's ID unless we ask for it.