Own New Rate Reducer

Helping to make your dream home a reality with mortgage rates below 0.89% available*.

Save Up To £578 Per Month On Mortgage Payments
With Own New Rate Reducer**

Providing access to some of the most competitive mortgage rates on the market, our partnership with Own New Rate Reducer can help to make your dream Homes by Carlton home a reality.

Whether you're a first-time buyer or a home mover, mortgage rates below 0.89%* for the initial fixed-term can make buying a new-build home more affordable.

How Own New Rate Reducer Works
In 4 Easy Steps

Browse our developments to find your dream new home and get in touch with us to book a viewing and discuss Own New Rate Reducer.
Please note: Own New Rate Reducer is available at selected developments and on selected plots only. Speak to a Sales Executive for more information.

We'll put you in touch with an Own New-approved independent mortgage advisor who will be able to help you determine whether making use of Own New Rate Reducer is right for you and answer any questions you have.

If you're able to proceed, your expert mortgage advisor, along with our friendly Sales Executives, will guide you through the process and be there to help each step of the way.

Finally, move into your dream home and benefit from the incredible savings secured through Own New Rate Reducer.

OWN NEW RATE REDUCER

FAQ's

Q: Who is eligible to use Own New's services and how does it work?

A: The scheme is available to both first-time buyers and home movers purchasing a new-build home. Homes by Carlton will give a financial contribution of up to 5% directly to the lender, which then reduces your interest rates for the initial term.

Q: What properties are Rate Reducer available on?

A: Rate Reducer is available on selected Homes by Carlton developments and plots only. Speak to a Sales Executive for more information.

Q: Who will my mortgage be with and will I own 100% of the home?

A: Your mortgage will be directly with the lender. Own New is a platform that sits between your broker and lender to ensure you get a great deal. You will own 100% of the home you purchase using Own New Rate Reducer.

Q: How do I get started?

A: Once you've found a development or home you love – or if you'd like to find out which of our homes are eligible for Rate Reducer – get in touch with us here at Homes by Carlton and we will be able to guide you through the process.

MIDDLETON ST GEORGE

Middleton Waters

A beautiful collection of 2, 3, 4 and 5-bedroom homes surrounded by serene countryside.

VIEW DEVELOPMENT

WITTON GILBERT

Beauford
Park

29 luxury 3, 4 and 5-bedroom homes coming soon, just 4 miles from bustling Durham City.

VIEW DEVELOPMENT

STAINDROP

Woodberry Park

A stunning 48-home development coming soon sought-after Staindrop village.

VIEW DEVELOPMENT

REDMARSHALL

The Langtons

An exclusive development of just 11 executive homes in stunning Redmarshall.

VIEW DEVELOPMENT

WHITTON

Eastfields

9 luxury homes on an exclusive development surrounded by picturesque countryside.

VIEW DEVELOPMENT

TERMS AND CONDITIONS

*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 60%. Savings made in the initial fixed period. 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. Rates valid as of 01/08/2024.

**Example based on market interest rates, with an average house price of £450,000 and an average mortgage term of 35 years. Assumes a 5% homebuilder incentive and a 2 year fix, with 60% LTV mortgage. 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. Rates valid as of 01/08/2024.

Own New Rate Reducer is available on selected Homes by Carlton developments and plots only, and the percentage incentive available (3% or 5%) is plot dependent. Speak to a Sales Executive for more information.

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The Langtons

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