Buy a new build
Buy a new build with a Rate Reducer Mortgage
- Low interest rates
- All deposit levels from just 5%
- Own 100% of your home
- First time buyers and movers
- Available for houses or flats
Get in touch for a free, no-obligation chat with an adviser about how we might be able to help.
Get in Touch
How it works
Step .1
Speak to one of our approved Own New mortgage brokers. They’ll help you determine if Own New's Rate Reducer mortgage is right for you.
Step 2.
Find an eligible new build you love!
Step 3.
Your broker will then submit your mortgage application and support you through the process.
Step 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.
Rate Reducer
- Lower Payments
- Great rates
- Cash back
It’s a regular mortgage, just with lower monthly payments for the initial period, cash back in some cases and buyers could even pay down more capital because of the lower rate.
Own New’s Rate Reducer makes a beautiful new home a reduced rate reality.
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.
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.
Once you’ve found a property you love, talk to one of our Own New approved brokers who will guide you through the mortgage application process.
The Own New website shows a map of all participating house builders. Please visit www.ownnew.co.uk
Testimonials
“To be honest, we would not have been able to move when we did if it wasn’t for the Rate Reducer scheme. Our mortgage on our previous home was expiring and the interest rate was doubling. We hated the fact that we would be pouring money down the drain in interest on a house which was too small but felt we didn’t have a choice but to stay and pay it.”
To find out more about the new scheme listen to our podcast
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
Useful Links
- Protection - An Overview
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- Home Insurance
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- Find an Advisor
Why The Mortgage Mum
- We're a team of mums who understand the juggle
- We're all expert advisers with a wealth of experience
- We work around you and your schedule
- We're here to make the mortgage journey easier for you
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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.
