Own New
Own New works behind the scenes with home builders and lenders to enable reduced rates and smaller deposit mortgages on new builds.
You get a normal mortgage and own 100% of your home.
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 or Deposit Drop is right for you
- 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.
Rate Reducer
Reduce your interest rate by up to 4% with Rate Reducer
Tackle the cost of living crisis with a reduced rate mortgage
- Lower Payments
- Sub 4% interest rates
- Own 100% of your property
It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality.
Deposit Drop
Get on the property ladder faster – only 5% deposit needed with Deposit Drop
Buy sooner with reduced deposit mortgages and competitive rates
- 5% deposit
- Great interest rates
- Own 100% of your property
No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets you into your beautiful new home faster.
FAQ's
Own New is open to anyone purchasing a new build property including first time buyers and home movers. They work 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.
Please speak to your local sales rep for information on which properties offer the Own New scheme.
It’s not currently possible to combine the two mortgage products.
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 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.
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
*The quoted interest rate is applicable for the initial term of the mortgage. Independent financial advice must be sought from a regulated mortgage broker to access this scheme.
Eligible properties
How else can we help?
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