Rate Reducer is a low rate mortgage for new build homes
Available to both first-time buyers and movers through high street lenders. Find a new home from over 160 participating home builders.
Over 160 home builders offering Rate Reducer
How To Buy A New Home with Rate Reducer
A simple process to help you secure a lower mortgage rate on your new build home.
Step 1: Check out available properties by exploring our map
Explore new build homes from participating home builders on our map.
Step 2: See potential savings with the Rate Reducer Calculator
Use our calculator for an illustration of potential monthly savings. Note: this is for illustrative purposes only and is not financial advice or a formal quote.
Step 3: Talk to an approved mortgage broker
Use the calculator form to request contact from an independent, FCA-regulated mortgage broker (approved by Own New). They provide regulated advice and handle the mortgage application.
Step 4: Visit your home, complete the purchase & move in
Once your mortgage offer is in place and legal work is complete, you'll finalise the purchase, owning 100% of your new home from day one!
Find Your New Home
Explore new build homes from our partner home builders offering Rate Reducer mortgages. Not all homes are on the map so be sure to enquire about Own New with your local developer
