Let us take care of everything
With Express Mover, we will work with a recommended local agent to sell your current home as quickly as possible, giving you peace of mind to focus on buying your Bellway London dream home.
How does it work?
Our IMA (Intermediary Management Agent) will work with a recommended local agent to market your property on your behalf – with no estate agent fees to pay. When an offer is accepted on your home, you will be invited to reserve your new Bellway London home.
Express mover FAQs
How do I sign up to Express Mover?
Our sales advisors are on hand to help you. Visit your chosen development to find out which plots are available with Express Mover, or simply give us a call and we’ll guide you through the process.
What estate agency will you use?
This will depend on where you live, but we will discuss the options with you. We will then obtain valuations from two agencies, at times and dates to suit you.
What will your final valuation be based on?
This will be based on the valuations of two local estate agents, the details and information they have shared with us about your home – such as photographs and room measurements – and the price of similar properties on the market, or recently sold in your local area.
When do I reserve my new home?
You reserve your Bellway London home when the sale of your current property is agreed.
What happens after a buyer is found for my current home?
Once a buyer has been found for your existing property you can reserve your new Bellway London home. Timings on completion, and so moving in, will depend upon the situation of your purchaser and the stage of construction of your new Bellway London home.
Why rent when you can buy?
A deposit-free 100% mortgage is now available to help buyers purchase a brand-new Bellway London home. Available to those looking to purchase a Bellway London house, the ‘track record’ mortgage – available through Skipton Building Society – is open to renters struggling to save and pay high rental fees simultaneously. All you need is proof of one year’s rental payments for the property you’re renting, and you could purchase a home up to the value of £600,000.
New Homes Mortgage Helpline
If you need financial advice, New Homes Mortgage Helpline (NHMH) offer a no-commitment service to help you find the most suitable mortgage for your new home. Available seven days a week, they specialise in the purchase of new-build homes and can offer guidance on the mortgage products available for your affordability.
Track Record FAQs
Can I purchase any property with the ‘track record mortgage’?
This product is available on all properties, excluding new-build flats.
Can I buy anywhere in the UK?
This mortgage product is only available to buyers currently renting in England, Scotland, and Wales.
Who is eligible?
Buyers who are currently renting and able to provide evidence of at least 12 months’ worth of consistent rental payments. Buyers also cannot have owned a property in the UK or abroad in the last three years. You must be aged 21 or over and have no missed payments on debts or credit commitments in the last six months.
Is there a limit on the loan amount?
The maximum loan amount is calculated based on how much rent the applicant is currently paying. The maximum you can borrow through this mortgage product is £600,000, subject to lending criteria.
If I have a deposit, can I reduce the amount I need to borrow?
Yes, although you don’t require a deposit, you can still be eligible as long as your deposit is less than 5%.
Make your move a reality
Deposit Unlock is an innovative new scheme designed to help more first-time buyers get onto the property ladder and to get existing buyers moving.
A deposit of just 5% could secure you a competitively priced mortgage, up to £833,250, on selected Bellway developments and plots. The scheme is available on certain owner-occupier houses and apartments – not buy-to-let properties – and can be used alongside two of our other useful initiatives, Part Exchange and Express Mover.
We will put you in touch with a specialist New Build Mortgage Advisor to help arrange your Deposit Unlock application and mortgage – setting you on the way to your Bellway London home.
How does the scheme work?
Deposit Unlock is a mortgage indemnity scheme that supports 95% Loan to Value (LTV) lending on new-build properties.**.
Upon completion of a home purchase, offered as part of the programme, the developer pays a percentage of the purchase price into an insurance policy. The policy reduces risk for the lender, protecting them from a proportion of the potential lender loss in the event of default.
For further information, speak to our Sales Advisor at your chosen development.
Deposit unlock FAQs
What homes can be bought under the scheme?
The scheme is exclusively available on selected new-build houses and apartments.
How is affordability calculated?
Each lender using the scheme will assess affordability in the normal way using their lending criteria, which includes consideration of income, outgoings such as regular payments and living costs, as well as an assessment of future changes that might have an impact on a borrower’s ability to pay a mortgage.
How do I go about getting a new home with this mortgage product?
This scheme is available on selected developments and plots. Please call one our sales advisors at your chosen development for further information.
I’ve found a new home on a new development where the scheme is offered, can my own broker process my application?
No, there are only a few nominated brokers being used to facilitate this scheme. Therefore, you will be required to use our nominated broker.
Are buy-to-let borrowers able to use Deposit Unlock?
Deposit Unlock is designed to help those with small deposits get on the housing ladder and so is restricted to owner-occupier homes only.
Which mortgage specialist will you put me in contact with?
We will put you in touch with New Homes Mortgage Helpline, our New Build Mortgage Advisor. Bellway London may receive a commission when you complete on a mortgage arranged by New Homes Mortgage Helpline.
Help to Buy has ended
Applications for the Government’s Help to Buy scheme are no longer being accepted as of Monday 31st October 2022. Buyers who have already reserved a home using the scheme have until Friday 31st March 2023 to complete their purchase.
If you have already bought your home using Help to Buy and would like further information about the scheme, please visit the gov.uk website.
First-time buyer?
First-time buyers in England benefit from stamp duty relief on any property priced up to £425,000 – this means, if your property doesn’t exceed that amount, you won’t have to pay any stamp duty. Above £425,000, you will pay 5% of the property price
With developments across London, Essex and Kent, Bellway London could be your chance to take advantage of this stamp duty relief. Explore our houses and apartments to start your homebuying journey today.
Help to buy FAQs
Are there any restrictions under the scheme?
- The property you purchase using Help to Buy must be your only home and you must live in it.
- You must be a first time buyer and fit the eligibility criteria in order to quality for Help to Buy.
- You cannot use Help to Buy in conjunction with part exchange or on an existing home.
- Any mortgage used in conjunction with Help to Buy must be a repayment mortgage (not an
- interest-only mortgage).
- You must seek permission to extend, or alter the property purchased using Help to Buy.
- Your new home must be valued within the regional price cap for your area.
Can I buy any property using Help to Buy?
The scheme is only available to new build homes, and regional price caps do apply. See the diagram above, or call one of our sales advisors for more information on how the Help to Buy scheme may differ in your area.
How much deposit do I need?
You need a 5% deposit.
How much can I borrow using Help to Buy?
The amount you can borrow varies by country and area. In England and Wales you can borrow up to 20% of the cost of the property, though in London this figure is up to 40%. Maximum property prices under the scheme also vary by region in England.
Is the equity loan interest-free?
Help to Buy is interest-free for the first five years, however, there is a management fee of £1 per month until the loan is repaid. After five years interest will apply – currently 1.75% in year six, then 1.75% and any increase in the Retail Prices Index (RPI) plus 1% each subsequent year.
When do I have to repay the loan?
You must repay the equity loan after 25 years, or if earlier, when you sell your home.
Can I repay the loan early?
You can pay back all, or part, of the loan at any time, with a minimum of 10% of the prevailing market value of your home.
LOW-RATE MORTGAGES ARE BACK WITH OWN NEW RATE REDUCER
With mortgage rates from below 1.1%*, Bellway London’s partnership with Own New Rate Reducer can unlock access to some of the most competitive interest rates on the market.
This is one of several customer incentives available on selected Bellway London plots and developments. Speak with our sales advisors to find out more. For full terms & conditions see FAQs.
HOW DOES IT WORK?
Bellway London gives a financial contribution of 3% or 5% directly to your lender, minus an Own New arrangement fee, enabling homeowners to unlock lower mortgage interest rates over a fixed two- or five-year period through Own New Rate Reducer. Buyers will own 100% of their home with a minimum of 5% deposit.
Bellway London will put you in contact with an accredited independent broker to give advice on the scheme. Customers should always seek independent mortgage advice before making a final decision.
Rate Reducer FAQs
How do I start the Own New Rate Reducer process?
Browse our website for your ideal Bellway London home and speak with one of our friendly sales advisors. Once you have found the home for you, we will put you in contact with an Own New Rate Reducer-approved broker to explain the process.
Do I have to be a first-time buyer to use Own New Rate Reducer?
No, the scheme is available to both first-time buyers and existing homeowners.
Do homebuyers have to pay a fee to use the Own New Rate Reducer scheme?
No, a percentage fee of 0.22% of the house price is subtracted from the 5% housebuilder contribution (0.15% if the incentive is 3%) and goes directly to Own New as their arrangement fee.
Will I be able to afford my mortgage when the Own New Rate Reducer scheme ends?
Customers will be qualified by a regulated independent mortgage advisor and will be credit-scored by the lender to demonstrate enough income to support the mortgage payment at the headline rate, before any Own New Rate Reducer subsidy is applied over the fixed initial term.
Where does the homebuyer’s contribution go for Own New Rate Reducer?
Bellway London’s contribution will go directly to your mortgage lender through Own New, allowing buyers to unlock lower interest rates for the initial period after moving.
Are there any legal restrictions to Own New Rate Reducer?
The Own New Rate Reducer scheme is available on new homes, subject to terms and conditions, with a minimum of 5% deposit required. Please contact our sales advisors for any further information.
Who is it my mortgage will be with when using Own New Rate Reducer?
Own New Rate Reducer just sits between your broker and lender, so your mortgage will be directly with the lender.
With Own New Rate Reducer, is anything different to the normal mortgage process?
There is one small and simple addition to the normal process. A “Letter of Acknowledgement” must be sent from the developer to the buyer and broker, to be passed to the lender, before a mortgage offer can be made. Our sales advisor can arrange this for you.
What are the full terms and conditions?
*Own New Rate Reducer terms and conditions. Own New Rate Reducer is available on selected developments and plots only, and will include a housebuilder contribution of 3% or 5% of the house asking price which is passed directly to the lender (minus an Own New arrangement fee of 0.15% or 0.22% respectively) to secure a reduced mortgage rate for an initial period of 2- or 5-years fixed. After this period your mortgage rate is likely to increase.
Whilst stocks last, subject to availability. Speak to the sales advisor on your chosen development to discuss where Own New Rate Reducer is available.
‘Mortgage rate below 1.1%’ headline interest rate is based on market interest rate available as of 25.07.24 (and is subject to change) and is based on 40% deposit, 5% homebuilder incentive, 2-year fixed mortgage rate and 25-year term. Savings made in the initial 2-year fixed period.
Subject to lender criteria and eligibility. The lender will carry out their normal criteria and affordability assessments before any Own New Rate Reducer subsidy is applied.
A percentage fee of 0.22% of the house price is subtracted from the 5% housebuilder contribution (0.15% if the contribution is 3%) and goes directly to Own New as their arrangement fee.
Applicable on new reservations only. Cannot be applied in conjunction with any other offers or selling schemes. We reserve the right to withdraw this offer at any time.
Bellway London is not regulated by the FCA and offers no mortgage advice. Customers must take advice from a regulated mortgage adviser before proceeding.
Own New Rate Reducer is one of many incentive schemes and purchasing options available to Bellway London customers.
Bellway London may receive a commission when a customer completes on a mortgage arranged by our panel of independent mortgage advisors.
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
Helpful calculators
Find out how much you could borrow
We've teamed up with one of the UK's leading new homes mortgage specialists, New Homes Mortgage Helpline to help find the right mortgage product for you.
Please note, by using the link below you consent to leaving the Bellway London website to go through to the New Homes Mortgage Helpline portal (The New Homes Group Limited) which offers customers unbiased, reliable and professional advice on mortgages available from a wide variety of lenders. Bellway may receive a commission when you complete on a mortgage arranged by the New Homes Mortgage Helpline through this portal.
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*Subject to lender participation on selected homes and developments. Rates and maximum purchase price vary via lender. Based on Nationwide Building Society’s current guidelines from November 2021. Terms and conditions apply.
**YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Subject to status and only available on selected Bellway London developments and plots, up to a maximum loan value of £833,250. Terms and conditions apply.