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Can I use New Build Boost with more than a 5% deposit?
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.

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Written by Megan
Updated over 6 months ago

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.

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