Buy a new build
Reduced rates & Smaller deposits
- Reduced interest rates
- Buy with a 5% deposit
- Own 100% of your home
- Employed or self-employed
- Available for houses or flats
Hassle free mortgages on new build properties
We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.
How it works
Find a new build property you love
Arrange your mortgage with one of the approved Own New Mortgage Brokers (which Grange are one of)
They’ll help you determine if Own New's Rate Reducer or Deposit Drop is right for you
Own 100% of your new home
Our 2 products
Rate Reducer
Reduce your interest rate by up to 4% with Rate Reducer
Deposit Drop
Get on the property ladder faster – only 5% deposit needed with Deposit Drop
Rate Reducer
Tackle the cost of living crisis with a reduced rate mortgage.
- Lower Payments
- Sub 4% interest rates
- Own 100% of your property
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.
Deposit Drop
Buy sooner with reduced deposit mortgages and competitive rates.
- 5% deposit
- Great interest rates
- Own 100% of your property
Frequently Asked Questions
This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.
We will arrange your mortgage directly with the lender. Rate Reducer has launched with Virgin Money and Halifax nationwide. Deposit Drop will be available nationwide with a number of other lenders in the coming months.
The Own New website shows a list of all participating house builders. Please visit www.ownnew.co.uk
Get in touch
Get in touch with the team using the contact form or our details below.
- 0300 303 0707
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Unit 6,
Basset Court,
Loake Close,
Grange Park,
Northampton,
NN4 5EZ
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