Buy a new build home

Reduced mortgage rates on your new home!

Own New’s Mortgage ‘Rate Reducer’ Scheme

*You could save up to £688 per month on your mortgage payments…

Skipton Properties is proudly partnering with Own New. Own New is a scheme designed to make mortgages more affordable to people buying new build homes. Funded through a subsidy paid for by us, Own New’s ‘Rate Reducer’ provides homemovers and first-time buyers with access to lower interest rates and reduced monthly payments during the initial mortgage period. It’s a regular mortgage, just with lower monthly payments.

How can the Own New scheme could benefit you?

It might just be the key to turning your dream of owning a Skipton Properties home into reality. Contact your Sales Advisor at your preferred Skipton Properties development to explore the possibilities. They’ll walk you through the process and determine if Own New is available for your chosen home. If eligible, we’ll connect you with our partner, the Mortgage Advice Bureau, who sits on Own New’s panel and can provide detailed insights into the scheme.

Reduce your interest rates Own New Rate Reducer

It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality

Curious about the potential savings?

Own New could slash your monthly payments. To give an example, if you were buying a home from us worth £525,000, with Own New you could save £694 per month during the initial loan period.

*Example is based on a 2-year initial period on a property price of £525,000 and an LTV of 60%. 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 17/07/2024.

Please note that Own New is at the discretion of Skipton Properties and on assessment of affordability.