Valuation of New Builds

The Society recognises that the initial value of newly built, converted or renovated residential properties is likely to reflect a premium due to the fact they are being occupied for the first time. For the purposes of this policy, these properties are collectively termed, ‘new builds’.

When assessing the value of ‘new builds’ the Society takes comfort from the fact that the appropriate Disclosure of Incentives form (provided by the builder/property developer to the valuer) has been taken into account in the valuation provided.

  • On a new build house the maximum borrowing is 90% (Professionals 95%)
  • On new build flats the maximum borrowing is 90% (Professionals 95%)

Buy to Let Properties:

  • The maximum LTV on newly built, converted, or renovated Buy to Let property is 75%.



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