Buying your home - Own new rate reducer


Own New Rate Reducer

Own New Rate Reducer

Own New Rate Reducer is a reduced rate mortgage scheme, providing a simple way to obtain an affordable mortgage on a new build property. 

It’s a regular mortgage, just with lower monthly payments for the initial period.    

  • Great rates 
  • Lower monthly payments 
  • Buy with a 10% deposit 
  • Available to both first-time buyers and home movers 
  • Own 100% of your home 

How it works..

Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.  Scheme subject to lender terms and conditions. 


Speak to your Sales Consultant about using the scheme.


We will put you in touch with one of our recommended Independent Financial Advisors, so you can discuss whether Own New is right for you.


Select your chosen property – Own New Rate Reducer is available on selected plots only.


Benefit from reduced interest rates and lower monthly payments for the initial term of your mortgage.


What is Own New? And how does it work?

Own New is a scheme developed by Market Mortgage, bringing together home builders and lenders to enable a better mortgage for the customer.   

Hopkins Homes contributes a percentage of the purchase price, which is used by the lender to reduce the interest on your mortgage payments for the initial term of 2 to 5 years.   

What is the benefit of Own New Rate Reducer?

You will receive a reduced interest rate, subsequently lowering your monthly mortgage payments for the initial term. 

Who’s eligible to use Own New? 

The scheme is open to anyone purchasing a new build property including first time buyers and home movers.

What properties is Rate Reducer available on?

The scheme is available on selected plots onlyFor details, please speak to your Sales Consultant.  

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.   

More Ways To Buy

We’re always trying to make your new home purchase easier and simpler. If you wish to take advantage of one of our schemes, please don’t hesitate to contact us.

Part Exchange

A quick, guaranteed sale with no agent fees to pay. Professional support and guidance throughout.

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Take away the stress of selling your existing home. We will manage the sale of your existing property, pay the fees and liaise directly with the estate agent.

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Part Exchange Plus

Part Exchange Plus offers you the flexibility of Part Exchange and MoveEasy. Enjoy the best of both worlds.

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Deposit Unlock

With the Deposit Unlock scheme you can buy your new home with just a 5% deposit and it’s available to first-time buyers and existing homeowners too.

Read On

To see the full terms and conditions, click here.