Buy a new build

Reduced rates & Smaller deposits
Some of our home builders | See all
Some of our home builders | See all

How it works

Find an eligible new build home you love


Arrange your mortgage with an approved Own New mortgage broker


They’ll help you determine if Own New’s Rate Reducer or Deposit Drop is right for you


Own 100% of your new home
Own New works behind the scenes
with home builders and lenders to enable reduced rates and smaller deposit mortgages on new builds.
You get a normal mortgage and own 100% of your home.

2 amazing products

Reduce your interest rate by up to 4% with Rate Reducer

Get on the property ladder faster – only 5% deposit needed with Deposit Drop
Own New works behind the scenes
with home builders and lenders to enable reduced rates and smaller deposit mortgages on new builds.
You get a normal mortgage and own 100% of your home.

Rate Reducer

Tackle the cost of living crisis with a reduced rate mortgage






It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality. 

Deposit Drop

Buy sooner with reduced deposit mortgages and competitive rates
Great rates
No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets you into your beautiful new home faster.

Why Own New?


Who’s eligible to use Own New’s service?
This scheme is open to anyone purchasing a new build property including first time buyers and home movers.
We work with a number of house builders across the UK, please check with individual house builders which mortgage products are available on which properties.

Your mortgage is directly with the lender. We currently work with Halifax, Virgin Money, Perenna and Furness Building Society.

Own New aims to work with a number of lenders, serving customers with a full range of personal circumstances.
Own New has partnered with builders across the country, from national PLCs to smaller regional firms. If your preferred builder has signed up to the scheme, they can refer you to a broker and you can apply for a mortgage in the normal way.

If the developer isn’t currently signed up to the scheme. They will need to visit our website and express their interest by filling in their details here. 

Please contact your local participating house builder or broker to find out more about the Own New scheme.

Register your interest

Looking to buy a new build property?
Register below to know when Deposit Drop and Rate Reducer are available in your area

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If you are a builder or broker please see our relevant pages in the menu at the bottom of this page

Companies we work with

We work with over 150 home builders and mortgage brokers in the UK


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 per cent mortgage. We are so grateful.
Lee and Caroline Gunning
Family of 4 (plus dog) who upsized into a larger property with Own New’s Deposit Drop
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.
Jack Williams and Jacob Clark
Young couple who bought their first home in Durham using Own New’s Deposit Drop
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.

* The quoted interest rate is applicable for the initial term of the mortgage. Independent financial advice must be sought from a regulated mortgage broker to access this scheme