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.

Visit Own New to find all participating builders.

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Own New

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Own New Rate Reducer 95% LTV (fixed until 30.06.2028)

Initial Interest Rate

4.32%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.20%

Product Code

IP486

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a fixed rate of 4.32% until 30th June 2028, a further discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 26 monthly payments of £982.20, 48 payments of £1,239.50 and 226 monthly payments of £1,357.40.

The total amount payable would be £392,073.60 made up of the loan amount plus interest of £211,805.60 and the following costs, a Chaps fee (£25.00), a Standard Valuation Fee (£193.00) and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.2% APRC representative.

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