What is an Own New mortgage?

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Make it yours with an Own New mortgage and just 5% deposit

Own New has partnered with a select number of home builders to bring you a simpler, hassle-free way to get an affordable mortgage on a new-build property – for up to 95% of the purchase price.

It’s available for first-time buyers and homeowners alike, and it can be used to buy your perfect new home.

What is an Own New mortgage?

  • A standard mortgage, but tailored exclusively for people buying new-build homes.
  • It’s arranged through a lender in the normal way, using competitively priced mortgage products, but you only need a 5% deposit.
  • An Own New mortgage is ideal for people with low deposits or more complex financial circumstances.

How does it help the homebuyer?

  • For first-time buyers and current homeowners, Own New means you could buy the new home you’re looking for much sooner. You can move with just a 5% deposit, rather than spending years saving for a larger one or trying to build equity.
  • With an Own New mortgage, you go on to own 100% of your new home.
  • There is no cost to the homebuyer for using Own New. Your home builder pays a fee that enables the lender to offer competitive, low deposit mortgages on its newly-built properties.

Take a look at the following video for further information.

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