Own New Rate Reducer
Buy a new build
With Own New Rate Reducer Mortgage, you could benefit from:
• Reduced interest rates
• Own 100% of your home
Own New's Rate Reducer scheme is also available to first-time buyers and home movers alike.
How it works
Find one of our properties you love
Arrange your mortgage with one of our approved Own New mortgage brokers
They’ll help you determine if Own New's Rate Reducer mortgage is right for you
Own 100% of your new home
Find out more from Own New...
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 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, cash back in some cases and you even pay down more capital because of the lower rate.
Own New's Rate Reducer makes your beautiful new home a reduced rate reality.
Great Rates
Lower Payments
Cash Back
Emily & Joseph
"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.”
Emily Pearson and Joseph Charity (both 29), moved into their new home with their seven-month- old daughter, Elsie, and their Wire Fox Terrier, Daisy with the help of Rate Reducer.
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
Mr King
“I was convinced that shared ownership was my only option, but thanks to Own New, I can now call my home entirely my own. The Rate Reducer mortgage was a game-changer for me, allowing me to stay within my budget and still achieve full ownership. I’m incredibly grateful for the team’s dedication and expertise in making this happen.”
Mr King purchased a three-bedroom property in Buckinghamshire with the help of Rate Reducer.
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
FAQ’S
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.