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Learn MoreAn Own New Rate Reducer mortgage allows buyers to purchase a new build home with a lower interest rate mortgage. It’s a regular mortgage, just with lower monthly payments for the initial period.
Own New works behind the scenes with house builders and lenders, to reduce the overall cost involved with mortgage loans on new build properties. The reduction is funded by house builders’ contributions towards the cost of the mortgage and enables the lender to offer borrowers more competitive interest rates during the initial period of their mortgage.
Available at Meadow Gate in Thornton Cleveleys, Miners Gate in Darwen and Harrogate Fold in Burnley, it’s the perfect way to make buying new more affordable. Come and visit your nearest development today to find out more.