Own New has partnered with a select number of home builders to bring you a simpler, hassle-free way to get an affordable mortgage on a new-build property – for up to 95% of the purchase price.
It’s available for first-time buyers and homeowners alike, and it can be used to buy your perfect new home.
What is an Own New mortgage?
-
A standard mortgage, but tailored exclusively for people buying new-build homes.
-
It’s arranged through a lender in the normal way, using competitively priced mortgage products, but you only need a 5% deposit.
-
An Own New mortgage is ideal for people with low deposits or more complex financial circumstances.
How does it help the homebuyer?
-
For first-time buyers and current homeowners, Own New means you could buy the new home you’re looking for much sooner. You can move with just a 5% deposit, rather than spending years saving for a larger one or trying to build equity.
-
With an Own New mortgage, you go on to own 100% of your new home.
-
There is no cost to the homebuyer for using Own New. Your home builder pays a fee that enables the lender to offer competitive, low deposit mortgages on its newly-built properties.
Own New is increasing the accessibility and affordability of mortgages for new homes, and it’s available for buyers with a small deposit – just 5% is all you need.
A simple solution
Search for a new home near you and contact us when you’ve found what you’re looking for. We can help you arrange the mortgage that’s right for you.
Start your search hereYOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Terms and Conditions apply. A minimum of 5% deposit is required. The Own New scheme is available with the purchase of a new home through participating developers
only, subject to terms and conditions. Images for demonstration purposes only. Property specifications and elevations will vary.
