Own New

Rate Reducer

Ready for lower mortgage rates? Look no further

Introducing Own New Rate Reducer

With Own New Rate Reducer, you could unlock the lowest rates on the market and lower monthly mortgage repayments – making owning new, more affordable.

Am I eligible?

Is the Own New Rate Reducer for you?

Whether you are a first-time buyer or an existing homeowner, owning a new Anwyl home could cost less than you think with the Own New Rate Reducer. The scheme offers homebuyers the chance to access lower interest rates on mortgages, meaning you can enjoy smaller monthly repayments.

The Rate Reducer is exclusively available on new build homes, including houses and apartments.

How it works

Find out more about the Own New Rate Reducer

  • Choose your dream Anwyl Home.
  • Chat with a Homes Adviser. Tell them you’d be interested in using the Own New Rate Reducer scheme.
  • Speak with an independent financial advisor. Your Homes Adviser will put you in touch to help determine if the Rate Reducer is right for you.
  • We’ll contribute up to 5% of the purchase price of your new Anwyl home which will be offset against the interest payable on your mortgage during your initial fixed term.
  • This could reduce your mortgage interest rate by up to 4%*
  • Save on your monthly mortgage payments in the first 2-5 years, depending on the length of your initial fixed term.
  • Move in and enjoy saving money!
The savings

How much can I save with the Own New Rate Reducer?

Based on an Anwyl home priced at £340,000:

  • With a two-year fixed term 90% LTV mortgage
  • A 5% payment from us to your mortgage provider to reduce your rate
  • A 10% deposit, provided by you
  • A mortgage term of 35 years

Using the example above with the Own New Rate Reducer, you could have access to a mortgage rate of below 2.88%*. This could save you £493 a month on mortgage repayments. Mortgage fees may apply.

FAQs

  • You can use the Own New Rate Reducer to buy your new Anwyl home if you’re a first time buyer or an existing homeowner looking to move, and if you’re employed or self-employed.


  • We’ve partnered with Own New to help make owning a new Anwyl home easier to afford. We pay them a fee and they use this with the lender to reduce the interest on your mortgage repayments for the initial term of your mortgage.


  • Please speak to the Homes Adviser on your chosen Anwyl development who’ll be able tell

  • Your mortgage will be directly with the lender. Own New is the platform that sits between your mortgage broker and the lender to ensure you get a great deal.

  • Once you’ve found the Anwyl home you love, our Homes Adviser can put you in touch with an independent financial adviser who’ll guide you through the mortgage application process.

*Your home may be reposessed if you do not keep up with repayments on a mortgage. Rates valid as of 6th March 2024. Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2-year initial period and a 90% LTV mortgage. Savings made in the initial 2-year fixed period.  Independent financial advice must be sought from a regulated mortgage broker to access this scheme.  Last updated on 21st March 2024. For full terms and conditions, please click here.

Here to help you

Our friendly Homes Advisors are on hand to chat about Own New Rate Reducer.

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