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Own New Rate Reducer Scheme

We'll give you up to 5% of your deposit, unlocking lower mortgage interest rates and payments over a fixed two or five-year period.

Interested in buying a new build home but concerned about costs?

At Peveril Homes, we’re proud to partner with Own New to allow our customers to take advantage of smaller deposits and lower monthly re-payments, making new homes more accessible.


The Own New Rate Reducer* scheme unlocks lower interest rates and mortgage payments so you can benefit from fantastic savings to help with the cost of living - while still owning 100% of your home.

How does it work?

Peveril Homes will give a financial contribution of up to 5% directly to your lender, providing you with access to better interest rates over a fixed two or five-year period.  


Once you’ve found your new home in the Midlands, we’ll put you in touch with an accredited independent broker who has been approved to provide advice on the Own New Rate Reducer scheme. They’ll decide if this product is right for you, and if so, you’ll spend less on your monthly payments, while still owning 100% of your new home.

Find your dream home

Am I eligible?

The scheme is available for both employed and self-employed individuals, as well as first-time buyers and existing homeowners.

Please contact or call 01773 880550 to find out more about this new mortgage scheme and to start your homebuying journey with us and Own New.

Start your homebuying journey
* Terms and Conditions apply. available on selected developments and plots. A minimum of 10% deposit is required. The Own New Rate Reducer scheme is available with the purchase of a new home through participating lenders, brokers, and developers only. Customers should always seek independent financial advice before making a final decision. Speak to your Sales Executive for further details.

Helping you move

At Peveril Homes, we have a variety of purchasing options to suit a wide range of our customers.

Find out more

Part Exchange

Make moving home straightforward with the Peveril Homes Part Exchange scheme.

MovePlus Assisted Purchase

Designed to get buyers moving with the minimum of fuss.

Armed Forces incentives

We aim to make buying a Peveril home especially affordable for those working in our Armed Forces.

Get in touch

Please use the form to ask us any questions or requests that you may have. We endeavour to get back to you as soon as possible.

Call us

Monday - Thursday 8.30 to 17.30 and Friday 8.30 - 16.30

01773 880550

Email us

Speak to our friendly sales team.

Find us

Peveril Homes, Beech Lawn, Green Lane, Belper, Derby DE56 1BY

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