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With the Own New Rate Reducer scheme, home movers may be able to buy a new home at Brabazon with lower monthly mortgage payments!
Learn more about the Own New Rate Reducer scheme below, or discover all available homes at Brabazon.*
Own New Rate Reducer is a financial scheme designed to help make it more affordable for aspiring homeowners to take a step up the ladder.
Available exclusively on new-build homes, the scheme can enable eligible homebuyers to reduce monthly mortgage payments for the two- or five-year fixed-rate period.*
Unlike some other homebuyer incentives, Own New is available to home movers as well as first-time buyers and it’s not limited to properties of a certain price point or type, such as houses or apartments. That means they have more choice on the kind of property that they buy - as long as it is a newly built home.
For the initial fixed-rate mortgage period.
For the initial fixed-rate mortgage period.
At Bristol’s most exciting new neighbourhood!
Ready to find out which homes are currently available as part of the Own New Rate Reducer scheme, or want to get a recommendation for an independent approved Own New mortgage broker?
Speak to our New Homes Consultants today!
Explore more FAQs about the Own New Rate Reducer scheme.
Own New Rate Reducer 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. All you have to do is follow these easy steps:
Step 1. Find your dream home at Brabazon!
Find an Own New property that you love at Brabazon and book your visit to our Sales Centre and Show Homes to learn more.
Step 2. Speak to a reputable mortgage broker.
Sit down with an independent approved Own New mortgage broker. The will take time to understand your personal circumstances to determine if Own New scheme is right for you. We can put you in touch with the independent experts at Fairstone.
Step 3. Reserve your Own New home at Brabazon!
Get in touch with our New Homes Consultants to do the paperwork and reserve your new home at Brabazon!
Own New is available on a limited selection of new homes at Brabazon at any one time. Contact our New Homes Consultants today to discuss properties currently available.
Own New is open to anyone purchasing a new-build property in England, including first-time buyers and home movers.
You may be eligible for a different new-home scheme, offer or incentive! Read Ways to Buy at Brabazon or speak to our New Homes Consultants to find out more.
Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.
The Own New Deposit Drop scheme is not currently available at Brabazon.
Find out what life could be like as a resident of Bristol's most exciting new neighbourhood!
Complete the form to book your visit to the Sales Centre and Show Homes at Brabazon. Our New Homes Consultants will contact you by phone and/or email to confirm your appointment.
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* Eligibility is at YTL Homes’s discretion, subject to receiving regulated advice from an approved independent Own New mortgage broker and subject to lender terms and conditions. Only available on selected new homes at Brabazon. Contact a New Homes Consultant for more details.
** Example based on market interest rates, with an average house price of £340,000 and an average mortgage term of 25 years. Assumes a 3% home builder incentive and a two-year fix, with 60% 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 13/08/2024.
*** Example assumes a 3% homebuilder incentive and is based on mortgage rates available in the market, with a two-year initial period and an LTV of 60%. Savings made in the initial fixed period. 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 13/08/2024.
Street scene photograph of Frise Street by Rebecca Noakes.
