We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.
How it works
1.
Find one of our properties you love
2.
Arrange your mortgage with one of our approved Own New mortgage brokers
3.
They'll help you determine if Own New's Rate Reducer is right for you
4.
Own 100% of your new home
Reduce interest rate by up to 4% with Rate Reducer
It's a regular mortgage, just with lower monthly payments for the initial period. Own New's Rate Reducer makes your beautiful new home a reduced rate reality.
Tackle the cost of living crisis with a reduced rate mortgage.
Lower Payments
Sub 4% interest rates
Own 100% of your property
FAQs
Who’s eligible to use Own New’s service? And how does it work?
This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.
What properties is Rate Reducer available on?
Please speak to your local sales rep for information on which properties offer the Own New scheme.
Who will my mortgage be with?
Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.
How do I get started? How do I access this service?
Once you’ve found one of our properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.
“Although we have good jobs and have both had salary rises and can afford to pay a mortgage, we only had a small deposit and most deals were for a deposit of 10 per cent or more”.... “we would not have been able to buy it without the help of the Own New five per
cent mortgage. We are so grateful.”
Lee and Caroline Gunning
Family of 4 (plus dog) who upsized into a larger property with Own New’s Deposit Drop
“The deal we have got will see us pay £1,050 a month on the mortgage for our own three- bedroom house while the flat we were sharing in Newcastle city centre was costing £1,200 a month to rent.”
Jack Williams and Jacob Clar
Young couple who bought their first home in Durham using Own New’s Deposit Drop
Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments.
