Your new home is closer than you think.

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.

Own New is increasing the accessibility and affordability of mortgages for new homes, and it’s available for buyers with a small deposit – just 5% is all you need. 

A Simple Solution

Search for a new home near you and contact us when you’ve found what you’re looking for. We can help you arrange the mortgage that’s right for you.