Own New - Rate Reducer
Own New’s Rate Reducer is a brand new scheme available on new build homes that could help you achieve lower monthly mortgage payments for the initial period via a regular mortgage.
It’s a hassle-free way to get you on the property ladder or moved into your next home with reduced mortgage rates*.
How It Works:
Own New works with homebuilders and lenders to enable reduced rates and smaller deposit mortgages on new builds. You get a normal mortgage and own 100% of your home.
- Find an eligible new build that you love
- Arrange your mortgage with an approved Own New mortgage broker
(we can recommend reputable Independent Financial Advisors who
have experience with the scheme) - Own 100% of your home
The Benefits Of Own New:
• Lower monthly mortgage repayments
• More capital re-paid during the fixed term
• Available on new build properties
• An easy and accessible market-leading product, available via reputable lenders such as Halifax
• Available for first-time buyers and home movers
Own New Rate Reducer gives you lower monthly payments, reducing costs over the product period when compared to taking a product from outside the scheme.
It’s a simple mortgage product with no additional claw back or tie-ins like previous, more complex schemes.
Speak to a specialist mortgage broker, to discuss the various mortgage options available, to suit your personal needs. Panel brokers can access schemes, including Rate Reducer mortgages, that are not generally available to the wider market.
What rates are available?
0.99% to 3.99% (2yr fixed)
Mortgages from 60% to 95% LTV
Example rates
Contact us to find out more:
020 3797 6687 | thelock@cbre.com
Terms and conditions apply.