New research finds that period properties cost the equivalent of a small mortgage in maintenance and upkeep.
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Boost your finances with a new home buying scheme
There are certified schemes and unique incentives available when it comes to buying a new-build home.
You could boost your deposit, trade in your current home or get access to a cheaper mortgage rate. Some of the most popular buying schemes for new builds in 2024 are:
New-build homes are much more energy efficient
Stop hunting for heating hacks and start searching for new-build homes: they’re kinder to the planet and your bank balance.
85% of new builds have an EPC rating of A or B, compared with less than 5% of older homes. That means the average new-build energy bill is 57% cheaper than for older properties, meaning savings of £1,685 a year. This figure rises to £2,575 for houses specifically.
So if a smaller carbon footprint and bigger savings are on your wish list, there’s only one way to go.
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Find out more about new-build homes
Our team of experts bring you the latest news and advice on buying a new-build property.
New data reveals the huge energy savings found with new-build homes, cutting bills by 57% or £1,685 a year on average.
The New Homes Quality Board has launched a code for builders and developers to ensure new homes are high quality and buyers are protected.
New-build homes come with a 10-year warranty. Let’s take a look at what they cover.
Ready for a brand new home? Alongside developer incentives, there are buying schemes available to help you along the way. Let's take a look.
Unsure whether to go for a new-build or a period property? Here are the advantages of brand new and existing homes.
Charlotte Yea bought a new-build, two-bed apartment in Winchester and hasn't looked back. Here's why.
There are thousands of developers building new homes across the UK. Here’s how to choose the best to get your dream home, with the quality and features you expect.
From developer incentives to the opportunity to personalise your property and access to home buying schemes, let's take a look at the differences between buying a new-build and a traditional home.
First-time buyer Harry Fallows reveals why he hasn’t looked back since buying a new-build home - and why he’d do it again.
Our comprehensive guide to snapping up a new-build property, from the schemes designed to help you buy one to all the perks of brand new goods and 10-year warranties.
From warranties to cheaper bills, how new homes are good for your bank balance long-term.
Popular house builders with new homes for sale
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We answer your questions about new-build homes
What is a new-build home?
A new-build home is a property that has been newly constructed and hasn’t ever been lived in before. Everything in the home, including fixtures, fittings and appliances is brand new.
Sometimes, if a property has been completely renovated to the point where almost everything is new, it can also count as a new-build home.
Is buying a new build a good investment?
Buying a new-build home can save you money in the long term for the following reasons:
They come with 10 year warranties
They often have EPC ratings of A or B
They can save you money with day-to-day running costs
What schemes are available for buying a new build?
Shared Ownership lets you buy a portion of a property, meaning you only need to save up the deposit.
Deposit Unlock and the Mortgage Guarantee Scheme enables you to buy a new-build home with just a 5% deposit.
First Homes helps local first-time buyers and key workers by offering new-build homes at a 30% - 50% discount.
What is the average cost of new-build homes?
The average price of a new-build home in the UK for 2023 is £389,659, according to the Land Registry. This price varies depending on where you are buying in the country.
The average price for a new-build home in London is £634,100. That's around twice the national average. Whereas a new-build home in the North West is £297,100 and £461,800 in the South East.
A complete guide to buying a home
Buying a home is a big deal. From finding that perfect pad right through to exchanging contracts, we’re here to guide you every step of the way.