08/06/2026
Own New is an innovative private scheme (not a government program) designed to help people buy brand-new homes with lower mortgage interest rates.
Participating housebuilders contribute 3% to 5% of the property purchase price to the mortgage lender, which is then used to heavily subsidize your initial interest rates.
Unlike Shared Ownership, you own 100% of your home from day one.
Key Benefits?
π‘ Full Ownership: You hold 100% of the title and equity.
π‘ Broad Eligibility: Open to first-time buyers and home movers, subject to individual lender checks.
π‘ Responsible Lending: Standard, regulated mortgages are provided by participating high street and specialist lenders behind the scenes.
Wondering whether the Own New scheme might work for you? Give our team a call on 01780 480600 to find out more.