Buy a new build
Reduced rates & smaller deposits
How it works
1
Pick your desired Eastern Escape property
2
Your Property Consultant will refer you to our approved Own New Mortgage Broker
3
They'll help you determine the right Own New Rate Reducer mortgage for you
4
Enjoy cheaper residential mortgage rates for first time buyers and movers than you'll get anywhere else
We have partnered with Own New
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.
Rate Reducer
Tackle the cost of living crisis
with a reduced rate mortgage
Lower Payments
100% Yours
Lower Rates*
It's a regular mortgage, just with lower monthly payments for the initial period.
Own New's Rate Reducer makes your beautiful new home at Eastern Escape a reduced rate reality.
Why Own New?
Easy and Accessible
With the market leading product Rate Reducer you will find it hard to believe how easy and accessible it is to buy your new home.
Assessed on your earning
Self employed, previously furlough, or still building your credit rating. Own News Rate reducer is based on your current earnings making it far easier to get your new home.
Buy New
Buying new means there is no costly maintenance and no need to revamp someone else’s old tired decor.
Frequently Asked Questions
Who is eligible for Own New’s Service?
The scheme is available to anyone buying a new build property. Either first time buyers or home movers are both eligible.
* The quoted interest rate is applicable for the initial term of the mortgage. Independent financial advice must be provided by our approved Own New Mortgage Broker to access this scheme.
What properties is Rate Reducer available on?
Rate Reducer is available on any home currently on the availability page.
Who will my mortgage be with?
Your Mortgage is directly with the lender you choose. Own New currently works with an extensive panel of lenders that offer the Rate Reducer mortgage.
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
What if I’m self-employed or am still building my credit rating?
Own New aims to work with a number of lenders, serving customers with a full range of personal circumstances.
How do I get started? How do I access the service?
Just let us know during your reservation process and we will refer you to a broker. You will apply for a mortgage in the normal way.
I have a different question - how do I contact you?
You can submit a contact form outlining your question and of our experienced team will get back to you. Alternatively, you can call directly at 01603 552 046