House builders will normally ask you to pay a reservation fee to secure your property, if you subsequently change your mind or are unable to complete on the purchase on time you may lose this fee. Before paying the reservation fee, speak to us to get a mortgage 'Decision in Principle'. This will provide you with an approximate idea of the size of mortgage you would qualify for.
The builder will usually require exchange of contracts to be within 28 days and this is something Bennison Brown may be able to help you achieve as we work with lenders who specialise in the new build market and understand these requirements. We have online tools, so you can check the progress of your application and will work with your developer, keeping them and you informed every step of the way.