Own New Mortgages

Exclusively via intermediaries, our Own New mortgage products are available to anyone purchasing a new build property, including first-time buyers and home movers.

Builders often provide an incentive (typically 3-5%). Own New allows builders to apply that incentive directly to your clients' mortgage, leading to a reduced interest rate during the initial product term.

Not every new build home is eligible. Visit the Own New website here to find all participating developers. 

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Intermediary
Own New

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Own New Rate Reducer 95% LTV (fixed until 31.10.2028)

Initial Interest Rate

4.96%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.16%

Product Code

IP502

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 4.96% until 31st October 2028, a further discounted rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £1,812.53, 23 monthly payments of £1,054.27, 48 payments of £1,193.33, 223 monthly payments of £1,354.33 and 1 payment of £450.38.

The total amount payable would be £386,074.55 made up of the loan amount plus interest of £205,806.55 and the following costs, a CHAPS/Telegraphic Fee (£25.00), a Valuation Fee (£193.00) and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.16% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Own New Flex 95% LTV (fixed until 31.10.2028)

Initial Interest Rate

6.01%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.39%

Product Code

IP523

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 6.01% until 31st October 2028, a further discounted rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £2,087.29, 23 monthly payments of £1,168.45, 48 payments of £1,200.15, 223 monthly payments of £1,362.06 and 1 payment of £460.55.

The total amount payable would be £391,036.77 made up of the loan amount plus interest of £210,768.77 and the following costs, a CHAPS/Telegraphic Transfer Fee (£25.00), a Valuation Fee (£193.00) and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.39% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.