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Own New Rate Reducer

  • Reduce your interest rate by up to 4% with Own New Rate Reducer

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.

  • Reduced interest rates
  • Own 100% of your home
  • Employed or self-employed
  • Available for houses or flats
  • Not just for first time buyers
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How it works

  • Find a new build property you love
  • Arrange your mortgage with one of our expert mortgage advisors
  • We’ll help you determine if Own New's Rate Reducer is right for you
  • Own 100% of your new home

Our expert advisors will help you with Rate Reducer.

Book your free mortgage appointment in 3 easy steps

Own New Rate Reducer
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Rate Reducer Scheme

  • Tackle the cost of living crisis with a reduced rate mortgage
  • Lower Payments
  • Sub 4% interest rates
  • Own 100% of your home

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.

Frequently asked questions

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.

We will arrange your mortgage directly with the lender. Rate Reducer has launched with Virgin Money, Halifax, Furness and Perenna.

The Own New website shows a list of all participating house builders. Please visit www.ownnew.co.uk

Once you’ve found a property you love, get in touch with one of our Own New approved brokers who will guide you through the mortgage application process.

Book your free mortgage appointment in 3 easy steps

Own New Rate Reducer
Name
Name

We're open 7 days a week

  • 01543 464 144
  • info@newhomesadvice.co.uk
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