Own New Rate Reducer – The Brand New Mortgage Scheme
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.
