New-buyer support

Mortgages can be confusing. Our nominated insurance broker specialises in new builds – meet New Homes Mortgage Helpline.

They’ve got access to exclusive products you won’t find on the high street, and are available to help seven days a week. Check out our mortgage services page for more NHMH info.

A mortgage valuation is an important step in getting your mortgage approved.  

After your chosen lender receives your application, they’ll arrange to have your property valued. This is just to make sure that, in their eyes, the property is worth the purchase price. You normally have to pay a fee for this.  

The valuation price they come back with is for loan purposes only, and may not be reflective of the open market value. 

If you add several Additions options to your new home, the full value of these might not be reflected in the value the lender puts on the property.

This just means the price of the local authority search. The local authority search investigates the chances of your home being affected by any legal, environmental, or planning issues.

Leasehold means the land is held under a lease for a specified number of years. You’ll have to pay ground rent during this time. Freehold, on the other hand, means that you have full ownership of the property and its land.

This is the price you need to pay for your new property ownership to be registered with the Land Registry. These fees are set by the government.

The price for Part Exchange depends on the home you want to buy and the property you have to sell.

Usually, there needs be 30% between the value of your current property and your chosen home with us.

Our Express Mover scheme is another helpful way to sell your home – and we do all the work for you. Find out more here.

If you have a house to sell before moving into a new one, it’s your solicitor’s responsibility to make sure that both contracts (one for selling your existing home, one for buying your new one) are exchanged at the same time so that arranging a move day is straightforward.

A smooth move like this isn’t always possible. If there are days between handing over the keys of your previous home and getting the keys to your new Bellway home, it’s down to you to find a temporary place to live. (England only)

You just pay a reservation fee. After you’ve paid this, your chosen plot will be withdrawn from sale, and there won’t be any price increases on it.

You’ll then exchange contracts and pay your deposit on exchange, which is usually within 28 days of reservation.

The reservation fee and deposit are then taken off from your new home’s price.

In Scotland, missives must be concluded in 28 days.

Your new home will normally be reserved until the date stated on your reservation form, as this is when contract exchange is expected to take place (England only).

The reservation fee is usually a minimum of £250. But, this can depend on the home’s regional location and the price of the home.

If you decide not to move forward with your home purchase but have already paid the reservation fee, you’ll get your reservation fee back. There might be some deductions, but you’ll be told if there are.

This all ties in with the guidelines under the New Homes Quality Code, as of 2022.

If you bought using Part Exchange or Express Mover, or you bought the home for investment purposes, you won’t get your reservation fee back.

Not necessarily. If you haven’t yet sold your home but want to move into one of ours, you can sell your home using our Part Exchange or Express Mover schemes.

If you are reliant on the sale of your home to buy your new Bellway home, you must have sold it before you reserve a new Bellway home. This is so contracts can be exchanged 28 days after reservation – that’s one exciting turnaround. 

Of course we will – that’s just one piece of the pie in our 5 star service.

We’ll even help with the faffy bits. Like chasing the broker on your mortgage application and survey. And making sure your legal paperwork is ready on time with your solicitor, so that the contract exchange and legal completion are smooth sailing. We’ll also keep you fully updated on your home’s building progress.