There’s never been a better time to buy your dream new build home, with local housebuilder Walton Homes launching the Own New Rate Reducer scheme, just as lenders are cutting the price of mortgage deals.
Own New works behind the scenes with house builders and lenders to reduce the overall cost involved with mortgage loans on new build properties. Acting as a middleman between broker and lender to guarantee homeowners can obtain the best mortgage possible. The reduction is funded by house builders’ contributions towards the cost of the mortgage and enables the lender to offer borrowers more competitive interest rates during the initial period of their mortgage.
Walton Homes’ Own New Rate Reducer mortgage will enable first time buyers and home movers to purchase a new-build home with a lower interest rate mortgage. The local housebuilder is helping out with up to 3% of the purchase price towards a new home, depending on the plot and build stage of the house chosen (subject to Loan-To-Value ratio).
Eliot Darcy, founder of Own New, said: “With the support of forward-thinking housebuilder partners such as Walton Homes, the Rate Reducer scheme is making it possible for buyers to purchase the home of their dreams, while keeping monthly mortgage repayments to a level they can afford.”
Walton Homes Director, Amy Summerton, said: “Walton Homes is a family business, dedicated to lowering financial barriers to homeownership and providing high-quality homes within our local community. Own New is an extremely exciting rate reduction scheme, and we’re thrilled to be a part of it – our expert Sales Advisors can suggest an Own New approved broker to assist with the mortgage application process, helping more people in our local community afford their dream home”
This week, as Walton Homes pledges its support to the Own You Rate Reducer Scheme, the UK’s biggest lender, Halifax, reduced its rates by up to 0.13%, and Barclays reduced them by up to 0.33% – the bank’s five-year, fixed-rate mortgage is now the cheapest on the market at 4.08%. Their moves follow a series of cuts from lenders including NatWest and HSBC over the past few weeks.
To find out more about how Walton Homes’ Own New Rate Reducer scheme can help you purchase your dream home, visit the link below: https://waltonhomes.co.uk/offers/own-new-rate-reducer/
