New Homes Mortgage Scotland

New Homes Mortgage Scotland, mortgage broker specialising in new-build homes

New Homes Mortgage Scotland (NHMS) is a mortgage broker headquartered in Glasgow with a focus on the new-build housing market. The firm operates as part of The New Homes Group, a group that presents itself as a UK new-build specialist. According to its own communications, the group has processed over 77,000 mortgage applications since 2021 and has more than 30 years of experience and a workforce of over 500 employees.

The company states that it does not charge fees for its residential mortgage services. This condition is explained, according to the website, in the initial no-obligation appointment before the client decides to engage the services. NHMS claims to have access to over 16,000 mortgage products and a wide range of lenders.

Mortgage services for different buyer profiles

NHMS's service catalogue is organised around various purchase and financing situations:

• Moving home mortgages.
• First-time buyer mortgages.
• Low deposit mortgages.
• Remortgage or refinancing of an existing mortgage.
• Green mortgages.
• Help with selling your current home.
• Mortgage schemes.
• Support for existing customers.

The company also offers a mortgage calculator on its website that allows you to estimate how much you can borrow, what deposit is needed, what the monthly payment would be and the amount of Land and Buildings Transaction Tax (LBTT) or stamp duty applicable in Scotland. The calculator includes assumptions such as a minimum 5% deposit and indicative interest rates, and warns that the results are illustrative and do not constitute a formal offer of loan.

In-house team of advisers and support throughout the process

NHMS highlights that it has its own team of mortgage and protection advisers, a setup that the firm considers unusual in the financial sector. According to its presentation, this in-house team provides continuity and consistency to the process. The company states that it keeps the client informed throughout the entire procedure and coordinates all parties involved, including the lender, with the aim of issuing the mortgage offer as quickly as possible.

The firm presents itself as providing a service rated five stars by its clients, which according to its own communications significantly reduces the stress associated with buying a home. NHMS indicates that it offers appointments adapted to the client's availability and telephone support seven days a week.

Relationships with developers and financial institutions

The company states that it has been working for over 30 years alongside some of the leading property developers and lenders in the new-build sector. This relationship with developers is reflected in its service offering for housebuilders, aimed at facilitating financing for buyers of their developments.

Corporate structure and regulation

New Homes Mortgage Scotland is a trading name of The New Homes Group Limited, a company registered in England and Wales with number 2509770 and registered office at Witan Gate House, 500-600 Witan Gate West, Milton Keynes, MK9 1GF. For activities related to regulated mortgages and non-investment insurance contracts, The New Homes Group Limited acts as an appointed representative of Connells Limited, authorised and supervised by the Financial Conduct Authority (FCA). Connells Limited's financial services register number is 302221. The firm warns that most buy-to-let mortgages are not regulated.

NHMS also notes that calls are recorded for training and quality control purposes, and that it supports the charities EACH and Little Lifts.

Offices and locations

Office 1: 3-7 Standard Buildings, 94 Hope Street, Glasgow G2 6PH

The New Homes Group Office: Plaza Suite, Stanway Retail Park, Peartree Road, Colchester, Essex CO3 0JS