Own New Rate Reducer

What is Own New Rate Reducer?

Own New - Rate Reducer is an exciting new scheme available on new build homes. 

It could enable you to secure a lower mortgage rate and reduce your monthly payments.

It is available to First Time Buyers AND to existing homeowners.

You'll own 100% of your new home.

You'll have a regular mortgage but with lower monthly payments for a fixed period.

How does Own New Rate Reducer work?

Speak to a Sales Consultant and find out which of our new homes are available with Own New - Rate Reducer. 

Contact an Own New panel independent mortgage advisor qualified to provide advice on Own New Rate Reducer. 

We could then contribute either 3% or 5% of the purchase price towards your new Shanly home.

We pay the contribution directly to your mortgage lender (through the third party Own New).

Below 1% mortgage rate example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2-year initial period and LTV of 60%. Savings made in the initial period. To benefit from this scheme you must have taken independent financial advice from a regulated mortgage broker. Your home may be repossessed if you do not keep up your mortgage repayments. Rates valid as of 2nd March 2024.
Full T&Cs apply.