Own New Rate Reducer – Making Homeownership More Affordable
Savings of up to £466* per month on mortgage interest payments available with Own New Rate Reducer
We understand the challenges that sometimes come with buying a new home, that’s why we’ve partnered with Own New to bring you the Rate Reducer initiative—a 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
With reduced monthly payments and access to exclusive mortgage deals, you can move into your new home with greater financial confidence. Whether you’re a first-time buyer or looking to upgrade, Own New Rate Reducer helps you secure a lower-cost mortgage on selected new-build homes.
Step 1 – Choose one of our properties you love
Speak with our sales team to find out which homes are eligible for Own New Rate Reducer
Step 2 – Speak to our recommended mortgage adviser
Our sales team will provide the details of one of our Own New approved mortgage advisers, who will guide you through the process, following that we’ll provide you with a Letter of Acknowledgement for your chosen home.
Step 3 – Benefit from the Rate Reducer Mortgage
Our contribution will enable your lender to offer a reduced interest rate mortgage for the initial term. Your mortgage will still be with your lender, but you will benefit from lower monthly payments.
Step 4 – Enjoy your new home
Our sales team, will help you complete the rest of your home buying journey with us.
Own New is innovative mortgage solution is designed to lower your interest rate and make buying a new home more affordable.
For more details, check out the FAQs below. If you’d like to see if you’re eligible, get in touch with the our team —we’re here to help!
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