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

Get in touch

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

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.

Get in touch

Frequently asked questions

Who’s eligible to use Own New’s service? And how does it work?

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.

Who will my mortgage be with?

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

Which house builders are signed up to the scheme?

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

How do I get started? How do I access this service?

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.