OWN NEW
Briar Homes are now proud to be a member of the Own New Scheme.
BUY A NEW BUILD
REDUCED RATES & SMALLER DEPOSITS
Reduced interest rates
Buy with a 5% deposit
Own 100% of your home
Employed or self-employed
Available for houses or flats
Speak to our sales team for information on available properties.
HOW IT WORKS
1) Find one of our properties you love
2) Arrange your mortgage with one of our approved Own New mortgage brokers
3) They’ll help you determine if Own New’s Rate Reducer or Deposit Drop is right for you
4) Own 100% of your new home
OWN NEW PARTNERS
We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.
2 AMAZING PRODUCTS
RATE REDUCER
Reduce your interest rate by up to 4% with Rate Reducer
DEPOSIT DROP
Get on the property ladder faster – only 5% deposit needed with Deposit Drop
RATE REDUCER
Tackle the cost of living crisis with a reduced rate mortgage
Lower Payments
Sub 4% interest rates
Own 100% of your property
It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality.
DEPOSIT DROP
Buy sooner with reduced deposit mortgages and competitive rates
5% deposit
Great interest rates
Own 100% of your property
No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets you into your beautiful new home faster.
FAQ’S
Who’s eligible to use Own New’s service? And how does it work?
This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.
What properties are Rate Reducer and Deposit Drop available on?
Please speak to your local sales rep for information on which properties offer the Own New scheme.
Is it possible to combine Rate Reducer and Deposit Drop?
It’s not currently possible to combine the two mortgage products.
Who will my mortgage be with?
Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.
How do I get started? How do I access this service?
Once you’ve found one of our properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.
“Although we have good jobs and have both had salary rises and can afford to pay a mortgage, we only had a small deposit and most deals were for a deposit of 10 per cent or more”…. “we would not have been able to buy it without the help of the Own New five per cent mortgage. We are so grateful.”
LEE AND CAROLINE GUNNING
Family of 4 (plus dog) who upsized into a larger property with Own New’s Deposit Drop
“The deal we have got will see us pay £1,050 a month on the mortgage for our own three- bedroom house while the flat we were sharing in Newcastle city centre was costing £1,200 a month to rent.”
JACK WILLIAMS AND JACOB CLARK
Young couple who bought their first home in Durham using Own New’s Deposit Drop
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.
Design Packages
Ask about Interior Design Packages - flooring, window dressings & light fittings.
Assisted Move
Ask about the Assisted Move Scheme - on selected plots & limited time only.
Stunning Showhomes
Visit our beautiful showhomes - get in touch today for further information.
This information is provided for guidance only. It is not intended to form the basis of any contract. We reserve the right to alter the layout, design and dimensions of each property without notice. Whilst every effort has been made to ensure that the information contained is accurate, it is provided for guidance only. Prospective purchasers should satisfy themselves as to the accuracy of the information. Please note that external house treatments and finishes vary from development to development, please ask your Sales Advisor for more information.
205 St Vincent Street, Glasgow G2 5QD - Working In conjunction with Housing Growth Partnership
Tel: 0141 222 4177
Email: briarinfo@briar-homes.co.uk
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