Own New • Rate Reducer
Enjoy your new home with a reduced rate mortgage
• Lower Payments
• Attractive interest rates
• Own 100% of your property
• Available on selected properties
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.
How it works
- Find one of our eligible new homes you love
- Arrange your mortgage with one of Own New's approved mortgage brokers
- They’ll help you determine if Own New's Rate Reducer is right for you
- Own 100% of your new home
We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.
FAQs
Who’s eligible to use Own New’s service? And how does it work?
This scheme is open to anyone purchasing a new build home including first time buyers and home movers. As a participating house builder, Own New works between us and lenders behind the scenes. We pay a fee to the lender to reduce the interest on your mortgage payments for the initial term.
What homes are Own New available on?
Own New Rate Reducer is available on specific homes for sale. Please speak to our experienced Sales Consultant for information on which new homes offer the Own New scheme.
How do I get started? How do I access this service?
Once you’ve found one of our eligible homes you love, our experienced Sales Consultant can recommend an Own New approved broker who will guide you through the mortgage application process.
Who will my mortgage be with?
Your mortgage will be directly with a participating lender. Own New is the platform that sits in the background, working with the lender to ensure you get a great deal.
Own New Rate Reducer is available on selected developments and plots.
A registered mortgage broker is required to process Own New Rate Reducer, speak to your Sales Consultant for contact information. You can choose to use another mortgage broker if you wish but only registered brokers can offer the Own New product.
