A couple standing outside their new-build home

Find a new-build home with lower mortgage costs

Search available developments, then speak to a broker about Own New rates.

See potential savings
Own 100% of your home
No Own New fees
Thousands of developments

See what lower monthly payments could look like

The Mortgage Mum discusses Own New on This Morning
Homebuyer stories

“Own New changed everything for us.”

See how Own New helped buyers reduce monthly costs on their new-build homes, and why advisers keep using it as part of the conversation.
Learn more

Real stories from homeowners

Adam & Kirsty homeowner story
AK

Adam & Kirsty

Homebuyers, Hartlepool

“Rate Reducer kept our costs manageable and let us move into a four-bedroom home without stretching our budget.”
The Jacobs Family homeowner story
TJ

The Jacobs Family

Homebuyers

“Own New Flex helped us afford our four-bedroom home, and splitting the incentive also covered stamp duty when we needed it most.”
Emily & Joseph homeowner story
EJ

Emily & Joseph

Homebuyers

“Without Rate Reducer, we could not have moved when we did. It kept our monthly costs workable at the right time.”

Frequently Asked Questions

More detail on how Own New works, the products currently available, and what happens next.

What is Own New?

Own New helps homebuyers purchase new-build homes with access to lower mortgage rates.

We work with homebuilders, mortgage brokers and lenders to make selected new-build homes available through Own New products. With Own New Rate Reducer, the homebuilder contributes towards your mortgage, helping reduce your interest rate and monthly payments.

The mortgage you receive will depend on the property, the lender's criteria and your individual circumstances. Not all buyers or homes will qualify.

How does Own New Rate Reducer work?

Own New Rate Reducer uses a 5% builder incentive to reduce the mortgage interest rate as much as possible. That can lower the monthly payment significantly during the initial mortgage period.

How does Own New Flex work?

Own New Flex uses 3% of the property price to support your purchase.

That contribution is first used to help reduce your mortgage rate and monthly payments. Any amount left over may be paid to you as Own New cashback. In some cases, Flex can also work alongside other homebuilder support, such as help with your deposit or stamp duty, or upgrades to your new home.

The rate and support available will depend on the property, the lender's criteria and your individual circumstances. Not all buyers or homes will qualify.

What is Own New Flex + Deposit Top Up?

Own New Flex + Deposit Top Up combines Own New Flex with 3% toward reducing the mortgage rate and a further 2% from the builder toward the deposit. It is designed to support buyers who want both lower monthly payments and deposit help.

Do I get 100% of the builder incentive?

Yes. Own New is designed so the full builder incentive works for the buyer. Depending on the product and lender structure, that benefit may appear through a lower rate, cashback, deposit support, or a combination of these.

What is Own New Cashback and how is it paid?

Own New Cashback ensures you benefit from 100% of the incentive offered by your builder. The amount you receive depends on your deposit size, mortgage term, and house price. An Own New broker can help you understand how much cashback you may get, and we will confirm the amount once we receive the mortgage data from your lender so you know exactly what to expect. It is paid no later than two months after completion and can be paid by bank transfer or cheque depending on your preference.

Do Own New provide my mortgage?

No. The mortgage is provided and administered by a participating lender, just like any other mortgage. We work behind the scenes with your builder and lender to make the subsidised rates available to you.

Which lenders are on the scheme?

We work with both high street and specialist lenders, and these often change depending on market conditions. Talk to a Preferred Broker to understand which lender options are available to you currently.

Why can't I see these rates on price comparison sites?

Own New is available exclusively through brokers. Use our calculator to determine illustrative savings. If you want to find out exact rates for your circumstances, complete your details and a broker will be in touch to advise you on whether Own New works for you, no obligation.

Is Own New available to First Time Buyers?

The scheme is available to all types of buyers, both First Time Buyers and Home Movers. However, the mortgages are offered by our partner lenders, and their lending criteria will apply. Talk to a Preferred Broker to discuss your personal circumstances and they can advise you appropriately.

Do I own 100% of my home?

Yes. Own New is not shared ownership. You buy and own 100% of your home from day one, subject to the normal mortgage and conveyancing process.

Is Own New available on every new build home?

No. Availability depends on the builder, the development, and sometimes the specific plot, so be sure to search the map, or ask your homebuilder if it is available.

Next step

Ready to see what is available?

Start with developments if you want the strongest route into an enquiry. If you are still at the early stage, ask for a personalised quote instead.

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