No deposit? Your move could still be possible.

Own New: No Deposit

Discover how you could purchase a new Harron home without the need to save for a traditional deposit.

Your next chapter could start sooner

Saving for a deposit isn't always easy, especially when you're paying rent and managing everyday costs.

With Own New: No Deposit, eligible buyers could purchase a selected Harron home with a 100% mortgage, removing the need for a traditional deposit.

Whether you're looking to take your first step onto the property ladder or explore a different way to buy, there could be more options available than you think.

BENEFITS OF RATE REDUCER

Less time saving. More possibilities for moving.

No mortgage deposit needed

Eligible buyers can purchase a selected new build home without having to save for a traditional mortgage deposit.

A chance to move sooner

Without needing to save a deposit, you could be closer to buying a home than you think.

Not just for first time buyers

Both eligible first time buyers and existing homeowners can explore the scheme.

FAQ

Your questions answered

Got questions about Own New Rate Reducer? We've answered some of the most common questions to help you understand how the scheme works, who's eligible and what to expect when exploring your mortgage options.

What is Own New: No Deposit?

Own New: No Deposit is a mortgage scheme that allows eligible buyers to purchase a selected new build home with a 100% mortgage, meaning no traditional mortgage deposit is required.

Who is eligible for Own New: No Deposit?

The scheme is designed for buyers who can demonstrate they can afford monthly mortgage repayments but may have struggled to save for a deposit.

Eligibility depends on your income, affordability, credit history and the lender's criteria. An approved mortgage broker can assess your circumstances and explain your options.

Is Own New: No Deposit only for first time buyers?

No. Both first time buyers and existing homeowners may be eligible, subject to lender requirements and the availability of the scheme.

Do I need any savings to buy a home?

Although you won't need a traditional mortgage deposit if you're eligible, other costs may still apply, including legal fees, mortgage fees, surveys and moving expenses.

Will I own 100% of my home?

Yes. Own New: No Deposit is not a shared ownership scheme. You'll own 100% of your property, subject to your mortgage.

Do I need to speak to a mortgage broker?

Yes. You must receive advice from a regulated mortgage broker approved to arrange mortgages through Own New. They'll explain the mortgage products available and assess whether the scheme is appropriate for your circumstances.

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