New Build

Here you can find information to support you and your clients buying a new build, including valuation policy, case support and lending criteria.

Information:

Join our live webinar New Build at Nationwide: In conversation with James Briffitt, on 16 July 12:30 to 1pm. Hear from our Head of Intermediary Sales and New Build as he shares how we are further supporting the New Build market. Add the event to your calendar to join us live.

Latest product updates

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Loan to value

Our New Build loan to values (LTVs) have changed:

  • New Build flats 85% max LTV
  • New Build houses 95% max LTV

    Where your New Build application is above 90% LTV, we do not accept builder gifted deposit or financial incentives.

  • LTV for New Build properties
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    Offer validity & extensions

  • Applications offered from 26 June 2025 are valid for 9 months (270 days), with no offer extension available.

  • Applications offered before 26 June 2025 are valid for 6 months (180 days). We'll consider extending this by 45 days, subject to eligibility.  
  • Request an offer extension

    Tip:

    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.

    Specialist New Build support

    Our specialist New Build support teams and case owners are on hand to answer of your New Build questions.

    Get in touch

     

    New Build definition

    We define a 'New Build' as a property that has been built, converted or refurbished within the last two years, which hasn't been sold. This includes:

    • buying any properties off-plan and properties occupied
    • or a property rented which is in the ownership of the builder, developer or self-builder.

    New Build criteria

    Additional information

    Green Reward

    Green Reward cashback is payable on both New Build and Non New Build properties, provided they meet eligibility criteria.

    More on Green Reward

    Housing schemes

    Help to Buy – Equity Loan support, Shared Ownership, Forces Help to Buy and other housing schemes can support your client.

    See our Housing schemes

    Construction

    Find out about our process on construction, which includes criteria on cladding and traditional or modern methods of construction.

    New Build construction page

    Affordability

    Use our affordability calculator for a thorough assessment of what your client(s) may be able to borrow before moving to a Decision in Principle (DIP).

    Affordability calculator

    Valuations

    We instruct your New Build valuation the day we receive your application. We offer free standard valuations on our products.

    Our valuation processes

    Building warranty

    The developer will provide a guarantee to ensure the building has been constructed to a standard set by the warranty provider.

    Our Building Warranty

    Speed up your application

    Before submitting a New Build case, take a look at this checklist to ensure your application goes through smoothly:

    Contact our New Build support team to check we're able to lend on a property.

    ✔ Have a look through our New Build lending criteria, including our lease terms and ground rent requirements.   

    Make yourself familiar with our providing proofs page which details all proof requirements. Getting it right first time can help you receive a quicker offer.

    Remember, please don’t send anything we haven’t asked for. For example, we don’t need you to provide proof of your client’s ID unless we have asked for it.

    Check that you have completed the UK Finance Disclosure Form (opens in a new window) in full. As you must make this form available to the valuer upon inspection, or there will be a delay. Make sure to check the lease commencement date and full address. You must ensure you have fully completed section 9.b or ground rent (if applicable).