Mortgage rates below 0.89% available with Own New Rate Reducer*
Rate Reducer
Tackle the cost of living crisis with a reduced rate mortgage
- Lower Payments
- Sub 4% interest rates
- Own 100% of your property
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.
Buy a new build
Reduced rates & Smaller deposits
- Reduced interest rates
- Buy with a 5% deposit
- Own 100% of your home
- Employed or self-employed
How it works
- Find one of our properties you love
- Arrange your mortgage with one of our approved Own New mortgage brokers
- They’ll help you determine if Own New’s Rate Reducer is right for you
- Depending on the build stage of your chosen plot, we could contribute either 3% or 5% towards your new home. The contribution goes directly to your lender.
- Own 100% of your new Peter Ward home
Speak to the sales representative at your chosen development to find out which plots** are eligible for the Own New Rate Reducer scheme and they’ll help find your perfect home.
Own New Rate Reducer is one of a selection of customer incentives and schemes available on selected plots and developments. Speak to the sales representative at your chosen development or see our Help for Buyers page for more information.
FAQ’S
Who’s eligible to use Own New’s Rate Reducer service? And how does it work?
This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.
What properties is Rate Reducer available on?
Please speak to your local sales representative for information on which properties are eligible for the Own New Scheme.
Who will my mortgage be with?
Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.
How do I get started? How do I access this service?
Once you’ve found one of our properties you love, your local sales representative can recommend an Own New approved broker who will guide you through the mortgage application process.
*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 60%. Savings made in the initial fixed period. Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments. Rates valid as of 01/08/2024.
Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments.
**Terms & Conditions apply.
