Rate Reducer by Own New
Low-rate mortgages are making a comeback!
Own New Rate Reducer is here, offering first-time buyers and home movers some of the most competitive interest rates on outright sale properties.
With rates starting as low as 0.78%*, this new scheme allows you to enjoy lower monthly payments for the first 2 to 5-years, making homeownership more affordable with Persona Homes. This scheme is available on selected developments and plots.
*Please scroll to the bottom of the page for terms and conditions
How it works
Find one of our properties that you love
Arrange your mortgage with an approved Own New mortgage broker
They’ll help you determine if Own New's Rate Reducer is right for you
Own 100% of your new home
How it works
Find one of our properties that you love
Arrange your mortgage with an approved Own New mortgage broker
They’ll help you determine if Own New's Rate Reducer is right for you
Own 100% of your new home
Why buy new with Own New?
First-time buyers
Own New Rate Reducer could be the opportunity that gets you onto the property ladder with Persona Homes.
Own 100% of your home
Have as little as 5% deposit
Available to a wide selection of applicants
Speak to expert independent brokers to guide you through the process
Homeowners
Own New isn't just for first-time buyers, homeowners can also make the most of reduced interest rates for the initial period.
Move into your dream Persona Home
Reduce your monthly mortgage payments for the initial period
Benefit from an energy-efficient new-build home and save your money for what matters most!
How much can you save?
If you have 5% deposit you can...
Save up to £497 per month on mortgage payments
Have access to a mortgage of below 3.64%* interest rate with a 5% incentive from Persona Homes on a 35-year term, for the initial period.
Or
If you have a 40% deposit you can...
Save up to £470 per month on mortgage payments
Have access to a mortgage of below 0.78%* interest rate with a 5% incentive from Persona Homes on a 35-year term, for the initial period.
Terms and conditions
* Example savings are based on plot 101 at Ellison Grove, house price of £360,000 with a 2-year fixed term. 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.
This scheme is only available on selected plots at Ellison Grove, Longstone Manor and Woolner Brook. If you'd like to know more please get in touch.
Keen to find out more?
Whether you’d like to book a viewing or simply have a quick introductory chat, our helpful advisory team would love to hear from you.