facebook Skip to main content
own new rate reducer

Own New Rate Reducer – The Brand New Mortgage Scheme

Own New Rate Reducer is a new mortgage scheme now available on our new build homes.

Interested in buying a new build home but concerned about costs? A brand-new mortgage scheme has just launched! 


Peveril Homes is proud to partner with Own New to allow our customers to take advantage of lower monthly repayments, making newly built homes more accessible.


How does it work?

If you have a minimum of 10% deposit, we could give a financial contribution of up to 5%* directly to your lender - meaning you'll receive better interest rates and lower monthly repayments over a fixed two or five-year period. This means you'll benefit from fantastic savings to help combat the cost of living. 


After finding your dream home, we'll put you in contact with an approved independent broker who will see if the Own New Rate Reducer is the correct scheme for you. 

 

Who is eligible? 

The Own New Rate Reducer* scheme unlocks access to some of the most competitive interest rates on the market and is available for both employed and self-employed individuals. It is also open to first-time buyers as well as people who have previously bought a home.


When you apply for your Own New Rate Reducer mortgage, your eligibility will be determined by your ability to make repayments.


If you qualify, you'll own 100% of your new home while making substantial savings.



 

* Terms and Conditions apply. available on selected plots and developments. A minimum of 10% deposit is required. The Own New Rate Reducer scheme is available with the purchase of a new home through participating developers, and approved mortgage brokers and lenders. Speak to your Sales Executive for further details.

Related News Stories

Explore a selection of news stories from Peveril Homes.
Card Image

News

25th October 2023

Win £100 to Spend at M&S with Our Christmas Competition

Experience the Christmas you’ve always dreamed of with our Christmas competition and win £100 to spend at Marks and Spencer’s.

Card Image

News

25th October 2023

New Build Home Incentives Now Available Until Christmas!

Receive up to £15,000 in cashback upon completion or 5% of your deposit paid as well as free flooring and turf!

Card Image

News

25th October 2023

Peveril Homes Triumphs at LABC Regional Awards 2023

We are thrilled to announce we have won six awards at the 2023 LABC (Local Authority Building Control) Regional Awards.

Card Image

News

25th October 2023

Peveril Homes Recognised for New Energy-Efficient Homes

Peveril Homes and Stagfield Group are recognised in Rushcliffe Council’s low-carbon and sustainable design planning document for their energy-efficient homes.

Card Image

News

25th October 2023

Lower Your Energy Bills with our Energy Efficient New Homes

Learn more about how our energy efficient new build homes are helping homebuyers save over £1,600 a year in energy bills.

Card Image

News

25th October 2023

We’ve Been Recognised for Our Outstanding Charity Collaboration

Our recent partnership with BLOCC Interiors on our Norwood Quarter showhome has led to us receiving a B1G1 certificate.

Card Image

News

25th October 2023

Our Work with Local Communities Across the Midlands

As local house builders, we’re passionate about giving back to the local communities we operate in across the Midlands.

Card Image

News

25th October 2023

Excellent Feedback on our New Homes at Flagshaw Pastures!

We’re proud to have recently received excellent feedback on our new homes in Derbyshire at Flagshaw Pastures.