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Helping more people secure a new build home

Own New is an initiative that helps create lower rate mortgages for new build homes. 2 April 2024 by Abi Walker

We want to make it easier to buy a new build home.  

That’s why we’ve launched our Own New Rate Reducer Mortgage.  

What is Own New?

Own New is an initiative that helps create lower rate mortgages for new build homes. Funded by housebuilders who pay a small fee on completion of the sale, there is no cost to you as the buyer. This means you get a normal mortgage and own 100% of your home. 

Who benefits? 

Whether you’re looking to get your foot on the property ladder for the first time, or thinking about buying your next home, Own New could help make that happen. It is available across regions, with many builders participating.  

Perenna Own New perks… 

No teaser rates here! With the Perenna Own New Rate Reducer mortgage, you can enjoy a fixed, lower rate for the entire mortgage term. 

Plus, you will receive all the usual benefits of a Perenna mortgage like increased borrowing power, monthly payments that don’t change, short early repayment charge and no maximum age caps! 

How to secure your Own New mortgage 

Securing your Own New mortgage is straightforward. If the developer of your new build home offers ‘Own New’, they will be able to put you in touch with an approved Own New broker. The broker can talk to you about mortgage options available to you, including a Perenna Own New Rate Reducer mortgage. Check out Own New to find out more.  

How much can you borrow? 

Want to find out if Perenna could help you? Why not use our calculator to find out how much you could borrow? It’s completely confidential, does not affect your credit score and should only take a few minutes. 

 

 

You could lose your home if you don’t keep up your mortgage repayments.

 

You could lose your home if you don’t keep up your mortgage repayments.