Own New: Rate Reducer

Own New: Rate Reducer

Buy a new build – Reduced rates and smaller deposits

Introducing the Own New Rate Reducer, a fresh initiative for new build homes that helps you secure lower monthly mortgage payments. This hassle-free scheme offers affordable mortgages with reduced interest rates for the first 2 or 5 years.

Exceptional Mortgage Rates

Whether you’re a first-time buyer or a current homeowner, Rate Reducer allows you to buy a new build home with a reduced interest rate mortgage, resulting in lower monthly payments for the initial term.

Benefits:

  • Lower interest rates
  • Reduced monthly payments
  • Full ownership of your property

Transform your new home dreams into reality with reduced rates, giving you more financial freedom.

Experience significant savings on your mortgage payments with Own New Rate Reducer program.

How It Works:

  1. Choose Your Property: Select a new build home that you love from our portfolio.
  2. Arrange Your Mortgage: Work with an approved Own New mortgage broker to determine if Rate Reducer is right for you.
  3. Contribute to Purchase: If eligible, we contribute 3% or 5% of your home’s purchase price.
  4. Lower Your Payments: This contribution is paid to your mortgage lender, resulting in a lower interest rate and reduced monthly payments for the initial term.
  5. Enjoy Full Ownership: Own 100% of your new home from day one.

Find Your New Home with Own New Rate Reducer

Explore our range of new build homes and start your journey towards owning a home with lower mortgage rates.

 

For more information, click here to visit the Own New website >

Frequently Asked Questions

Who Can Use the Own New Rate Reducer? This program is available to anyone purchasing a new build property, including first-time buyers and home movers. Own New partners with home builders and lenders to reduce interest on mortgage payments for the initial term.

Which Properties Are Eligible? Contact your local sales representative to learn about the properties that offer the Own New Rate Reducer scheme.

Who Provides the Mortgage? Your mortgage will be directly with the lender. Own New acts as a bridge between your broker and the lender to ensure you get the best deal.

How Do I Get Started? Once you’ve chosen a property, your Sales Executive will connect you with an approved Own New broker who will guide you through the mortgage application process.

For full T&C’s please contact one of our Sales Executives who will put you in touch with a qualified broker for full terms and conditions.