Own New

Buy a new build

Reduced rates & Smaller deposits

Get in touch for a free, no-obligation chat with an adviser about how we might be able to help.

Own New
Own New

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Own New

Buy a new build

Reduced rates & Smaller deposits

How it works

1

Find a new build property 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 or Deposit Drop is right for you

4

Own 100% of your new home

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.

2 amazing products

Own New
Rate Reducer – Reduce your interest rate by up to 4% with Rate Reducer
Own New
Deposit Drop – Get on the property ladder faster – only 5% deposit needed with Deposit Drop

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 your beautiful new home a reduced rate reality.

Deposit Drop

Buy sooner with reduced deposit mortgages and competitive rates

No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets you into your beautiful new home faster.

FAQs

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.
We will arrange your mortgage directly with the lender. Rate Reducer has launched with Virgin Money nationwide. Deposit Drop will be available nationwide with a number of other lenders in the coming months.
It’s not currently possible to combine the two mortgage products.
The Own New website shows a list of all participating house builders. Please visit www.ownnew.co.uk

How do I get started? How do I access this service?

To find out more about the new scheme listen to our podcast

Own New

Own New Scheme

Welcome to this month’s episode of the Mortgage Mum podcast with me, Charley O’Neill, Senior Mortgage and Protection Broker here at the Mortgage Mum.  This month’s episode is an exciting one, as we focus on an amazing new initiative to help people access lower interest rates when purchasing a new

Read More »

Speak to an expert

We will work at times that suit you and your family, carrying out appointments via video call, telephone or email, giving you the benefit of first class service, around your own schedule, and in the comfort of your own home. So let us handle your mortgage today and find out how well we can look after you, The Mortgage Mum way!

Why The Mortgage Mum

See Latest Posts

September 18, 2023

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.

How it works

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.
Own New

2 amazing products

Own New
Rate Reducer – Reduce your interest rate by up to 4% with Rate Reducer
Own New
Deposit Drop – Get on the property ladder faster – only 5% deposit needed with Deposit Drop

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 your beautiful new home a reduced rate reality.

Deposit Drop

Buy sooner with reduced deposit mortgages and competitive rates

No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets you into your beautiful new home faster.

FAQs

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.
We will arrange your mortgage directly with the lender. Rate Reducer has launched with Virgin Money nationwide. Deposit Drop will be available nationwide with a number of other lenders in the coming months.
It’s not currently possible to combine the two mortgage products.
The Own New website shows a list of all participating house builders. Please visit www.ownnew.co.uk

How do I get started? How do I access this service?

Testimonials

Own New
“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

Own New
“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.

Own New