Are there any incentives to buying a new build?

Yes, some developers do offer incentives to prospective home buyers. This can include paying your stamp duty or legal expenses, but can also include free fixture upgrades. Any incentives you receive will need to be declared to the lender. The lender will typically allow incentives up to 5% of the value of the property but anything over this may be discounted off the purchase price. There are also lenders who won’t consider lending at all if your discounts are higher than this.