Residential - New Build and Help to Buy


When a customer comes to you with a new build property they’ve fallen in love with, have you struggled to place them with a suitable lender? Some high street banks may not be keen but we could help.

Our new build criteria gives your customer a better chance of realising their dream. Even if they’ve been declined by a high street lender, our extensive range of Help to Buy products could help to make that dream a reality.

The Government’s Help to Buy scheme is available exclusively to residential customers buying a new build property and offers extra funding for London properties.

What you need to know

  • We accept applications on Help to Buy England, Help to Buy Wales and Help to Buy Scotland equity loan schemes.
  • We can consider an adverse history.
  • Non-repayable family gifted deposits accepted.
  • Self-employed with only 1 year's tax calculation and HMRC Tax Year Overview or accounts.
  • Mortgage offers for new build properties are valid for six months from the date of valuation, but can be reviewed and may be extended for up to an extra three months if the completion date slips due to circumstances outside your control.

The Government Help to Buy England (2021-2023) scheme is now available. When eligibility has been agreed by Homes England and an Authority to Proceed (ATP) issued, an application can be submitted to Precise Mortgages.

Before submitting an application on this product you should ensure your customer is aware of the implications of taking a Shared Equity Loan as part of the financing of the purchase of their home.

For further information on the Help to Buy shared equity Loan Scheme your customer should go to for England for Wales or for Scotland, and ensure they fully understand how the scheme works.

Bank of England Base Rate (BBR) Trackers and the Reversion Rate

BBR Trackers and reversion rates are variable rates that are linked to the Bank of England base rate. For new applications, any change to BBR will apply on our systems and documentation the next day. For existing accounts, any change to BBR will apply on the day of the change.

All of our BBR tracker products have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.

For intermediary use only
BBR 1.25%