The UKs mortgage experts
Whether you’re a seasoned mover, a first-timer, or a buy to let investor our dedicated team of specialists are with you every step of the way, from mortgage selection to move-in and beyond.
Why choose us
We have strong relationships with mortgage lenders and have access to thousands of mortgage products including exclusive deals. We’re confident in finding the perfect fit for your needs.
We prioritise exceptional service, as evidenced by our 5-star Feefo rating and best of all our service is 100% fee free. What’s more, we are available 7 days a week to ensure we are always on hand for you.
Partnering with home builders across the UK
First Time Buyer Mortgages
Buying your first home? It’s exciting, but also a bit overwhelming. That’s where we come in. We’ve helped countless first-timers navigate the mortgage maze and turn their dream of homeownership into a reality.
We find the perfect mortgage & guide you through buying, step-by-step. Get expert advice on schemes like Shared Ownership, Deposit Unlock & First Homes.
New Build Mortgages
Ready to own a brand-new home? We’re your new build mortgage experts, helping you buy with confidence.
New builds are unique – get the mortgage expertise you deserve! With over 28 years of experience, we tailor new-build mortgages to your needs, guiding you through every step.
We also help you navigate schemes like Shared Ownership, Home Stepper, and Home reach for an easier, more affordable experience.
Home Mover Mortgages
New home, new chapter? Let us guide you through your mortgage options, porting, legals, & valuations.
Throughout your move, you’ll have a personal mortgage advisor by your side, answering your questions and addressing any concerns.
Our goal is to make your move as stress-free as possible. We handle the complexities, allowing you to focus on the excitement of your new home.
Remortgages
Remortgaging is essentially swapping your old mortgage for a new one, with a different lender and a better deal.
It is not just about switching lenders – it’s about unlocking new possibilities:
- Save money: Lower interest rates can significantly reduce your monthly payments, freeing up extra cash for you.
- Unlock equity: Access the value built up in your home for renovations, investments, or debt consolidation.
- Change your terms: Switch to a fixed-rate mortgage for predictability or a longer repayment period for more manageable payments.
Ready to explore your options? We’ll help you decide if remortgaging is right for you and find the perfect deal to match your needs.
Buy To Let Mortgages
A buy-to-let mortgage is a specific type of mortgage designed for individuals who want to purchase a property with the intention of renting it out to tenants, rather than living in it themselves.
That’s where we come in! Our team of buy-to-let specialists empowers you to invest confidently:
- Find the perfect mortgage: We navigate the options, matching your investment goals with the most suitable mortgage
- Expert advice: Unsure about borrowing power, property selection, or portfolio management? We’ve got your back!
- Streamlined process: Leave the complexities to us. We ensure a smooth and efficient journey
Start your journey today
If you are interested in finding out more about our services, including free mortgage advice from an expert mortgage adviser, please contact us today.
You can also use our online mortgage calculators to get an idea of how much you can borrow and what your monthly repayments will be.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
You'll love our mortgages
Buying, moving, refinancing? Get in touch
Get expert guidance and personalised options to achieve your homeownership goals with Newhomes.
Mortgage FAQs
A mortgage is a loan provided by a bank or lender to help finance the purchase of a property. The borrower agrees to repay the loan, plus interest, over a set period.
You agree to repay the loan, plus any interest over a set period. If you fail to make payments the lender can take possession of your home.
The amount you can borrow for a mortgage in the UK depends on several factors, including your income, credit score, and monthly expenses.
Generally, lenders allow borrowers to borrow up to 4.5 times their annual income, although this can vary depending on individual circumstances and the lender's criteria.
Yes, a home loan and a mortgage are essentially the same thing. They both refer to a loan that is used to finance the purchase of a home or property. The terms "home loan" and "mortgage" are often used interchangeably in the context of real estate financing.
When you take out a home loan or mortgage, you are borrowing money from a mortgage lender to buy a house, and you agree to repay the loan over a specified period, typically with interest.
The terms and conditions of the loan, including the interest rate, repayment schedule, and other fees, such as a flat rate or commission for mortgage brokers, will vary depending on the lender and the specific terms of the loan agreement. Our award-winning mortgage broker service even takes care of all the paperwork for you, so you can say goodbye to additional fees and hassle.
Having bad credit or no credit history can make it more challenging to get a mortgage, but it is not impossible. Lenders consider many factors when evaluating mortgage applications, including credit score, income, employment history, and debt-to-income ratio.
If you have bad credit, you may still be able to qualify for a mortgage by working on improving your credit score and demonstrating financial responsibility. This can include paying bills on time, reducing debt, and addressing any errors on your credit report.
If you have no credit history, there are alternative ways to establish credit such as applying for a secured credit card or becoming an authorised user on someone else's credit card.
It may also be helpful to work with a mortgage broker who specialises in working with borrowers with less-than-perfect credit. They can help guide you through the process and connect you with lenders who may be more willing to work with your specific situation.
While getting a mortgage with bad credit or no credit history may require some additional effort and potentially higher interest rates, it is still possible to achieve your goal of homeownership.
There are several different types of mortgages available in the market, each with its features and benefits.
Some common types include:
There are several different types of mortgages available in the market, each with its features and benefits.
- Fixed-rate Mortgages: You essentially ‘fix’ your rate at its current interest rate. You’ll have the stability of unchanging monthly payments throughout the loan's duration, which is usually 2-5 years.
- Variable Rate Mortgages: These mortgage types follow the interest rate, meaning your payments can go up and down depending on fluctuations. There are several types of variable rate mortgages including Standard Variable Rates (SVRs), Tracker Rates, and Discounted Rates.
- Large Mortgages: These loans are home loads that exceed £1 million. High street lenders typically allow you to borrow £1 million to £5 million for a large mortgage so specialist advice is recommended.
- Interest-only Mortgages: An interest-only mortgage involves making monthly payments exclusively towards the interest accrued on the borrowed mortgage amount, without reducing the principal (capital) balance. This results in lower monthly mortgage repayments, but it also means that the full borrowed amount remains outstanding at the end of the mortgage term. You’ll typically need a higher deposit to secure an interest-only mortgage.
A fixed-rate mortgage loan has the same interest rate and monthly payments throughout the loan term. This can be good if you want stability and predictability in your budget.
A variable rate loan has a variable interest rate that changes based on market conditions. This can be good if you want to take advantage of lower initial rates and plan to move or refinance soon.
The best choice depends on your financial situation and preferences. You should compare the benefits and risks of each option and consult with a mortgage professional before making a decision.
