Benefit from lower interest rate mortgages with Own New’s Rate Reducer

What is Own New Rate Reducer?

Own New Rate Reducer is a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a rate reduce reality and is available to all buyers including first-time buyers and home movers.

How it works:

Find your dream Kellen home

Arrange your mortgage with an approved Own New mortgage broker

They’ll help you determine if Own New’s Rate Reducer is right for you

Own 100% of your new home

The benefits of Own New Rate Reducer:

Lower payments

Sub 4% interest rates

Own 100% of your home

FAQs

Who is eligible to use Own New?

Own New is open to anyone that is purchasing a new build home, whether that’s a first time buyer or a home mover.

What is an Own New Rate Reducer Mortgage?

Own New Rate Reducer enables lower interest rate mortgages and lower monthly payments on new builds. Own New provides a more controlled way to deliver home builder incentives to the buyer. Any incentive is applied in directly reducing the mortgage interest rate, effectively subsidising the interest for the initial term.

Will I own 100% of my home?

Yes. With Own New Rate Reducer you will own 100% of your home with a minimum 5% Deposit.

Who can I speak to about the scheme?

Speak to one of our Sales Consultants who can put you in touch with an accredited Own New approved mortgage broker who will be able advise whether the scheme is right for you.

Is Own New Rate Reducer for you?

If you would like to find out more about how Own New Rate Reducer could get you moving, get in touch with our sales team today.

FIND YOUR NEW HOME

*Own New Rate Reducer is available on selected developments and plots only, and will include a housebuilder contribution of 3% or 5% of the house asking price which is passed directly to the lender (minus an Own New arrangement fee of 0.15% or 0.22% respectively) to secure a reduced mortgage rate for an initial period of 2 or 5 years fixed. After this period your mortgage rate is likely to increase. Kellen Homes is not regulated by the FCA and offers no mortgage advice so customers must take advice from a regulated mortgage adviser before proceeding.

Subject to availability. Speak to the sales consultant for further information.

Your home may be repossessed if you do not keep up your mortgage repayments.