Builders often provide incentives to encourage customers to finalise the purchase of a new build property. Own New allows builders to apply that incentive directly to your clients' mortgage, leading to a reduced interest rate during the fixed-rate incentive period. Visit Own New to find all participating builders.
Our Own New mortgages, offered exclusively through intermediaries, are available to both first-time buyers and next time buyers.
Customers purchasing a new build property via a participating builder can apply for Own New products. The scheme is open to first time and next time buyers.
Usual lending criteria for new builds will apply and will be subject to our standard affordability checks.
You can apply on behalf of your client through Leek Mortgage Connect (MSO).
Please remember your client must have confirmed with their builder that they’re eligible for the own new mortgage. A letter of acknowledgement is required to apply.
This is not available yet.
Yes, your client can port one of these products to another property in the future (either a new build or non-new build property).
