Get your customers on the property ladder faster – only 5% deposit needed with Deposit Drop
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 a beautiful new home a reduced rate reality.
Help your customers buy sooner with reduced deposit mortgages and competitive rates
No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets your customers into a beautiful new home faster.
How it works?
House builders refer customers to an approved Own New broker, who will process the mortgage in the normal way. The Own New platform enables better mortgages for new builds to a broader range of people.
The buyer gets a normal mortgage and owns 100% of their home. House builders contribute to the scheme, paying a small fee on completion of a sale. There is no cost to the customer.
By enabling better new build mortgages, Own New makes them available to people who couldn’t otherwise buy their first or next home.
Own New encourages responsible lending at competitive rates, and means that buyers don’t have to be penalised for having a small deposit or high monthly living costs.
Own New is easy to use for buyers, brokers, lenders and house builders. The buyer interacts directly with the lender and broker as they would with any other mortgage.
We work with over 60 home builders in the UK
Brilliant to be working with Own New’s exciting mortgage products in the New Build market. They are helping in two vital areas of affordability & deposit which are huge challenges in the current climate.
Graham Hickey, First Mortgage North East
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
Independent financial advice must be sought from a regulated mortgage broker to access this scheme