Own New Rate Reducer
Mortgage rates below 1.96%* available with Own New Rate Reducer
There’s a brand new way to buy a Keepmoat home.
Own New Rate Reducer gives homebuyers access to lower monthly mortgage payments for an initial 2 or 5-year period.
Available to both first-time buyers and existing homeowners, it unlocks some of the most competitive interest rates on the market. Making owning a new home within reach of even more people.
The Own New Rate Reducer scheme is just one way we can help you buy a Keepmoat home. Ask your sales advisors at your chosen development about the incentives available to you.
What is the Own New Rate Reducer scheme?
This innovative new scheme is aimed at creating a more open way of lending, making owning a modern, new build home easier for more people. Keepmoat is partnering with Own New and lenders to create a whole new way to buy your home.
Exclusive access to reduced-rate mortgages
Own New Rate Reducer offers access to a range of mortgage products with lower initial interest rates.
It doesn't cost you a thing
The Own New Rate Reducer scheme costs homebuyers nothing. We contribute towards your mortgage, allowing the lender to reduce the rate.
You own 100% of your home
The Own New Rate Reducer scheme simply offers you access to lower mortgage rates. You own 100% of your home.
How it works
- Find an eligible Keepmoat home and depending on the build stage, we will make a contribution towards the purchase price – up to 5% of the value.
- This contribution goes directly to your mortgage lender, via Own New, who facilitates the whole process.
- Depending on your circumstances, your Own New mortgage broker with help you find a Rate Reducer mortgage and work out if it’s right for you. Please speak to our sales advisors at your chosen development who will be able to put you in contact with an Own New approved mortgage advisor.
- There are no additional costs and you own 100% of your home.
Five stars home builder for customer satisfaction
Over 90% of our customers said they would recommend us to family and friends
Savings of up to £287^ per month on mortgage payments available with Own New Rate Reducer
Ready to find your perfect home?
Start your search now and find out how the Own New Rate Reducer scheme can help you move with lower mortgage payments.
*Terms and conditions
*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 75%. Savings made in the initial fixed period.
^Example based on market interest rates, with an average house price of £211,000 and an average mortgage term of 35 years. Assumes a 5% homebuilder incentive and a 2 year fix, with 75% LTV mortgage.
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 03/07/2024.
Own New Rate Reducer is available on selected Keepmoat plots, speak to one of our friendly sales executives for more information.
Own New Rate Reducer is just one of the incentives available on selected Keepmoat plots, find out about other ways to buy at https://www.keepmoat.com/ways-to-buy
Keepmoat is not regulated by the FCA and therefore does not offer mortgage advice. Customers must take advice from a regulated mortgage broker before proceeding.
Own New Rate Reducer is available in the UK for first-time buyers and existing homeowners on new-build homes.
