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FOR INTERMEDIARY USE ONLY

FTB achieves homeownership with Own New

21st November 2024

Our Intermediary Team recently celebrated the successful completion of our first Own New mortgage case. This applicant had a 5% deposit and was ready to purchase his dream new-build home. However, given the uncertainty of current interest rates, our client wanted to feel secure with a fixed monthly payment for the first few years. Our new 95% LTV 5-year fixed-rate product, featuring a 3% incentive rate reducer, made this dream a reality by providing an affordable, manageable solution for his new build purchase.

A challenging FTB application

  • A 5% deposit
  • Required fixed monthly payments
  • New build property

How we helped

  1. Affordable, 5-year fixed-rate product with a 3% incentive rate reducer
  2. Smooth and efficient application process
  3. Quick turnaround
  4. Excellent communication maintained between all parties

Deborah Bree, our Business Development Manager, said: “An excellent example of how we helped to turn the dream of owning a new build home into reality.”

Eliot Darcy, Own New:

“We’re delighted that Leek Building Society has joined the Own New scheme and have already offered their first case.

Rodolfo, London & Country Mortgages:

“This was a great example of how teamwork and clear communication from all parties ensured a smooth process and a positive outcome for our client.”