Mortgage rates holding you back?

Own New: Rate Reducer

Own New Rate Reducer could make moving into a Harron home more affordable, with access to reduced mortgage rates and lower monthly repayments during the initial period.

Don't let mortgage rates stand in your way

Mortgage rates making you think twice about moving? Own New Rate Reducer could help make your next move more affordable.

Available on selected Harron homes, the scheme uses a contribution from us to help eligible buyers access reduced mortgage interest rates for an initial period, lowering your monthly repayments.

Whether you're a first time buyer or looking for your next home, there could be more options than you think.

BENEFITS OF RATE REDUCER

More ways to make your move possible

Lower initial repayments

Access to reduced mortgage interest rates could mean lower monthly repayments during the initial mortgage period.

Not just for first time buyers

The scheme can be explored by eligible first-time buyers and existing homeowners looking to move.

Independent mortgage advice

An independent mortgage broker will explain your options and help you make an informed decision.

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 Rate Reducer?

Own New Rate Reducer is a mortgage scheme designed to help eligible buyers access reduced mortgage interest rates when purchasing a new build home from a participating housebuilder.

It works by using a contribution from the housebuilder to support access to mortgage products with reduced interest rates during the initial mortgage period.

Who can use Own New Rate Reducer?

Own New Rate Reducer is available to both first time buyers and existing homeowners purchasing an eligible new build property.

Eligibility is subject to independent mortgage advice, lender criteria and mortgage approval.

Do I still need a deposit?

Yes. Own New Rate Reducer is not a no-deposit mortgage scheme. The deposit required will depend on the mortgage product, lender requirements and your individual circumstances.

An independent mortgage broker can explain the deposit options available.

How long does the reduced mortgage rate last?

The reduced interest rate applies during the initial mortgage product period, which will depend on the mortgage selected.

Once this period ends, your mortgage interest rate and monthly repayments may change. Your mortgage broker will explain what happens at the end of the initial period.

Can I use Own New Rate Reducer if I already own a home?

Yes, the scheme isn't limited to first time buyers. Existing homeowners may also be eligible when purchasing a qualifying new build home.

Is Own New Rate Reducer available on every Harron home?

The scheme is available on selected Harron homes and developments, subject to eligibility and availability.

Our Sales Executives can confirm which homes are currently eligible.

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