Positive mortgage market news for homebuyers
There has been encouraging news for homebuyers this month, with several positive updates across the mortgage and property market that could help make moving home feel more achievable.
From Wednesday 27th May, lender Perenna is set to increase its loan-to-value offering on new build houses to 95 per cent, while also allowing the remaining five per cent deposit to be supported by the developer, subject to criteria.
This means eligible buyers could potentially purchase a new build house without needing to provide a deposit themselves, where the full five per cent deposit is covered through developer support. Buyers can also choose to contribute part of the deposit themselves, with the developer making up the remaining amount.
This could be particularly helpful for buyers who have already saved towards a deposit but have not quite reached the full amount needed. For those who may have saved two or three per cent, this change could open up new opportunities to take the next step onto, or up, the property ladder.
The product will be available on new build houses only and will not apply to flats. As with any mortgage product, buyers are encouraged to seek independent financial advice to understand what may be available to them based on their personal circumstances.
There has also been wider positive news in the market, with inflation falling to 2.8 per cent, lower than many had anticipated. While changes to the energy price cap may impact inflation again in the coming months, this latest drop, combined with falling fuel prices, offers welcome reassurance for households.
Several lenders have also reduced rates recently, including Halifax, NatWest, Principality and BM Solutions, providing further positive news for those looking to secure a mortgage.
NatWest has also introduced enhanced income multiples of up to 6.5 times income for customers with a combined income of more than £150,000, designed to support buyers in that area of the market.
The housing market is showing positive signs too, with Rightmove reporting that average asking prices have increased by 1.2 per cent so far in May. This highlights continued confidence in the market and reinforces the long-term appeal of homeownership.
Energy efficiency is also becoming increasingly important to buyers. Recent research from E.ON has reported that nine in 10 new buyers would like features such as solar panels and electric vehicle charging, both of which can be easier to incorporate when purchasing a new build home.
For homeowners who bought a new build property a few years ago and are now looking to add these features, there may also be support available. Halifax currently offers a green scheme providing cashback for eligible mortgage customers making energy efficiency improvements, including up to £2,000 for air source heat pumps, £1,000 for solar panels or non-portable batteries and £500 for other improvements, such as double glazing and various types of insulation.
At Allison Homes, we work closely with independent financial adviser Evolve Financial Solutions to help make expert advice available to our homebuyers.
With a number of positive changes across the mortgage market, now could be a great time for buyers to explore their options and understand what may be possible.
For free mortgage advice, call Evolve on 01473 603 211 or visit https://www.evolvefs.com/.
To find out more about our available homes, visit https://allison-homes.co.uk/developments/.
Allison Homes Web Article: 26th May 2026
