With Own New you could buy with only a 5% deposit
Own New could enable you to buy a brand-new home with just a 5% deposit, meaning you could make your move sooner than you thought.
The scheme is brand-new and exclusively available on new-build homes, to first time buyers and existing homeowners.
More about the scheme
- A new scheme, exclusively available on new-build homes up to £300,000
- It enables first time buyers and existing homeowners to purchase a new-build home with a 5% deposit
- It provides customers with competitively priced mortgage products, making buying a new home more affordable
The benefits of an Own New mortgage
- You can buy a brand-new home with just a 5% deposit
- The scheme allows customers to access low deposit mortgages at competitive interest rates
- You own 100% of your home
- When you apply you'll be assessed based on your ability to make the repayments. This means even if you are self-employed, have previously been furloughed or don’t yet have a credit rating, you can still be accepted for a standard mortgage