Own New

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​The Own New Rate Reducer, buyers have options to reduce mortgage interest rates by up to 2.38%, making it easier and more affordable to secure your dream home.
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(Available on selected plots only)

How it works
Find one of our selected properties you love
Arrange your your mortgage with one of our approved Own New mortgage brokers
They'll help you determine if Own New's Rate Reducer or Deposit Drop is right for you
Own 100% of your new home

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.
Frequently asked questions
Testimonials


Although we have good jobs and have both had salary rises and can afford to pay a mortgage, we only had a small deposit and most deals were for a deposit of 10 per cent or more.... we would not have been able to buy it without the help of the Own New five percent mortgage. We are so grateful.

The deal we have got will see us pay £1,050 a month on the mortgage for our own three- bedroom house while the flat we were sharing in Newcastle city centre was costing £1,200 a month to rent.”
Lee and Caroline Gunning
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Family of 4 (plus dog) who upsized into a larger property with Own New’s Deposit Drop
Jack Williams and Jacob Clark
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Young couple who bought their first home in Durham using Own New’s Deposit Drop
Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments


