Mortgage rates below 1.87% available with Own New – Rate Reducer*
How does Own New - Rate Reducer work?
- Dependant on the build stage of your chosen home, we could contribute either 3% or 5% of the purchase price towards your move
- The contribution goes directly to your mortgage lender (through the 3rd party Own New)
- You could reduce your mortgage interest rate by up to 3.19%*
- And could save on your monthly mortgage payments in the first 2-5 years
Who is eligible for Own New - Rate Reducer?
- The brand-new scheme is available on new build homes
- And is available to first time buyers and existing homeowners
Speak to a Sales Adviser at your chosen development who will put you in touch with a New Homes Mortgage Adviser to see if you could be eligible.
This scheme is one of many that we offer, discover more. Before making any decisions you should obtain independent mortgage advice.
*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 75%. Savings made in the initial fixed period. 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. Rates valid as of 16/04/2024.