New build properties add extra complexity to an already specialist area. Specialist lenders who accept adverse credit also need experience with new build lending — Darryl knows which ones do both.
Most specialist bad credit lenders cap lending at 85% LTV on new builds — meaning a minimum 15% deposit. Some are more restrictive at 75-80% LTV. When combined with more serious adverse credit, a 20-25% deposit may be required. The new build deposit requirement and the adverse credit deposit requirement are assessed together, and the higher of the two applies.
If deposit constraints are the primary issue, shared ownership on a new build can be a viable route. You purchase a share of the property (typically 25-75%) and pay rent on the remainder. The smaller purchase means a smaller mortgage requirement and potentially more lender access. Some specialist lenders accept adverse credit on shared ownership new builds.
CeMAP and CeRER qualified independent mortgage broker. FCA regulated — No. 301173. Based in Bedford, serving clients across the UK since 2015. Specialises in adverse credit, complex income and specialist mortgage cases. Every client works directly with Darryl — no handoffs, no call centres.
Your home may be repossessed if you do not keep up repayments on your mortgage. Darryl Dhoffer is an appointed representative of Access Financial Services Ltd, authorised and regulated by the Financial Conduct Authority — FCA No. 301173. Registered England No. 04427489. General information only — not regulated financial advice.
Free, no-obligation call. No credit check. Darryl responds personally within 2 hours Mon–Fri 9am–6pm.