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Mortgages

Learn more about applying for a mortgage and what it might cost.

Getting a mortgage to buy your brand-new home – whether you’re buying for the first time or you already own a property and you need to remortgage – is easier than you might think. That’s because our friendly, experienced team is here to support you through the whole process. 

During your home buying journey, we will put you in touch with an Independent Financial Advisor (IFA), who will guide you through the cost of your mortgage, deal with the required paperwork and arrange the mortgage valuation on your new home. 

In this section:

Try our Mortgage calculator

If you’re considering buying a new home, use the calculator below to work out your monthly mortgage payment.

Using our mortgage calculator can help you better understand the estimated costs of buying your new home, to help you with saving and budgeting.

Here’s the information you’ll need for our mortgage calculator:

  • The full price of the property
  • The deposit amount that you wish to contribute e.g. £25,000. Remember that different mortgage lenders will require different amounts, which generally ranges from 5% to 20% of the property purchase price. 
  • The mortgage interest rate that you expect to have e.g. 5%
  • The number of years on the mortgage term e.g. 30

You can also adjust the deposit amount, interest rate and term to see how this will vary your monthly payments.

Don’t forget, you’ll also need to allow for moving fees, such as Stamp Duty tax (if applicable) and legal fees not covered in the calculation.

Mortgage Calculator

Property

Mortgage

Your calculations:

Deposit required:

Mortgage Repayments:

Please note that the figures provided by the Mortgage Calculator are only intended as a guide. Places for People is not authorised or regulated by the Financial Services Authority to provide financial advice so you should make sure you obtain accurate figures from your lender before committing to a mortgage application. Your home may be repossessed if you do not keep up repayments on a mortgage.

New-build mortgages

We work closely with a number of IFAs around the UK, who specialise in new-build mortgages. Using a specialist IFA means they know all about the new homes market and will understand the timescales involved in buying your new home. 

Like most mortgage brokers, an IFA will have access to the very best mortgage deals that aren’t always available via other routes. 

Shared Ownership mortgages 

If you are buying through the government-backed Shared Ownership scheme, we can signpost you to one of our experienced Shared Ownership specialists to help you find the best mortgages. They will also have access to a wide variety of lenders along with exclusive deals. 

We should point out that we don’t receive any financial incentive for referring you to an IFA, and you are of course free to use your own IFA or mortgage broker if you prefer. 

Learn more 

If you have specific questions about getting a mortgage for your new-build home, please speak to our Sales team at your chosen development. You might also want to read our Beginners guide to mortgages, a useful overview for first-time buyers and those who need a refresher as well! 

Discover resources and advice

Find your new home

Discover our energy efficient new homes available across the UK.

Find a new home

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    Chapelton
    Stonehaven
    2 - 5 Bedrooms
    £ 236,000 - 585,000
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    2 - 4 Bedrooms
    £ 370,000 - 875,000
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    Longniddry
    2 - 5 Bedrooms
    £ 400,000 - 775,000
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    Oxford
    2 - 4 Bedrooms
    £ 325,000 - 510,000
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    1 - 3 Bedrooms
    £ 295,000 - 535,000
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    Tornagrain
    Inverness
    2 - 5 Bedrooms
    £ 210,000 - 565,000
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    3 - 4 Bedrooms
    £ 395,000 - 475,000