BUY A NEW BUILD
HOW DOES OWN NEW RATE REDUCER WORK?
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.
WHAT IS OWN NEW RATE REDUCER?
Tackle the cost-of-living crisis with a reduced rate mortgage. It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes a beautiful new home a reduced rate reality
OWN NEW RATE REDUCER FAQs
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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.
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.
