Alan Cleary

Precise Mortgages backs new-build customers as year-end approaches

A record number of new homes constructed in England is driving increased interest in new-build mortgages as the year-end approaches and developers look to meet sales targets, according to Precise Mortgages.

New government figures have revealed that 241,130 net additional dwellings were built in England in 2018/19 — the highest number since the Ministry of Housing, Communities and Local Government started to record such data back in 1991. 

Precise Mortgages has emphasised the need for an efficient and flexible approach from lenders in the run-up to builders’ year-end. 

Its product offering is backed by a new-build priority processing team which is dedicated to assessing cases within 48 hours and making an offer within 21 days. 

Alan Cleary, group managing director at Precise Mortgages (pictured above), said: “December can be a good time for customers to negotiate the best price on a property as many developers are looking to meet key targets ahead of the end of the year.”

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