Are you a first-time buyer or an existing homeowner interested in buying a new home but concerned about high mortgage rates? Own New rate reducer might be just what you need...
Unlock low mortgage rates and reduce your monthly payments with Own New, a new rate reduction initiative exclusively available on new build properties. Designed to help both first-time buyers and existing homeowners achieve their dream of owning a new home, Own New offers a clear path to homeownership.
Depending on the stage of your new home’s construction, we can contribute up to 5% towards the purchase price of your new home. This contribution is made directly to your mortgage lender through Own New, so you don’t have to lift a finger.
By lowering your mortgage rate, you’ll enjoy reduced monthly payments, leaving you more money to spend on the fixtures and fittings that will make your new house truly feel like home.
As well as visiting the Tilia Homes development you’re interested in, we recommend you speak with an independent financial or mortgage advisor, who will be able to find the best rates and ensure you’re in the best position to purchase the house you want. Our mortgage calculator tool is also very handy for seeing what you may be able to afford with the Own New scheme.
Browse our website to discover new build developments in your preferred location. Find the home that perfectly matches your needs and contact our sales team to schedule an appointment. Don't forget to mention that you’re interested in the Own New scheme.
Once the purchase of your brand new Tilia home has been finalised, it’s time to move in, relax and enjoy!
Once you’ve qualified for Own New and have a mortgage agreed, the purchase of your new Tilia home can proceed and you can pay the standard reservation fee.
Who’s eligible to use Own New’s service? And how does it work?
The Own New scheme is open to anyone purchasing a new build property, including first-time buyers and home movers. Own New 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.
What properties are Rate Reducer and Deposit Drop available on?
Please speak to your local sales executive for information on which properties offer the Own New scheme.
Is it possible to combine Rate Reducer and Deposit Drop?
It's not currently possible to combine the two mortgage products.
Who will my mortgage be with?
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.
How do I get started? How do I access this scheme?
Once you’ve found one of our new properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.
Register your interest by calling or filling out a form
Teign View
Vicarage Hill, Kingsteignton, Newton Abbot, Devon, TQ12 3BA
4 & 5 bedroom homes
from £465,000
Verdant Rise
Dovecot Road, Ashton Green, Leicester, Leicestershire, LE4 2BU
2, 3 & 4 bedroom homes
from £275,500
Montgomery Place
Greenfields Lane, Hampton Drive, Market Drayton, Shropshire, TF9 3RP
3 & 4 bedroom homes
from £219,000