Can I use New Build Boost with more than a 5% deposit?
Yes. The boost will stay at 15%, but the main mortgage will shrink proportionally according to your deposit.
The boost will always be for 15%, so the size of your mortgage will decrease accordingly.
New Build Boost is targeted at customers with small deposits, so if you have a larger deposit, you may be able to find a better rate with a standard mortgage product elsewhere.
Your mortgage broker will help you decide what’s right for you.
New Build Boost is targeted at customers with small deposits, so if you have a larger deposit, you may be able to find a better rate with a standard mortgage product elsewhere.
Your mortgage broker will help you decide what’s right for you.