In a lenders eyes a new-build property is one that’s been newly built, or substantially renovated, within the last two years and being sold for the first time.

New-build properties can be appealing, because they appear to offer more structural security than an older property and are built to be more energy efficient. Although of course, they don't come without their fair share of potential challenges which include possible delays in completion. It's definitely worth considering the pros and cons of a new-build versus an older property before you take the plunge and make an offer.

Thinking about a new-build and your mortgage, it's essential that you take into consideration the anticipated and long stop build completion date. If not then your mortgage offer could expire before your home's ready and if your circumstances have changed then requesting the mortgage offer extension could bring it’s pitfalls.

Speak to an Instinct mortgage adviser about your new build home purchase including how help to buy could help support your total deposit.