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What is Own New and how does it work?

  • 03/05/24
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At Cameron Homes, we understand the dream of owning a home, so we are joining a new scheme to help make your first, or next step, on the property ladder easier and more affordable.

We are partnering with Own New, which is designed to support home buyers looking to purchase a new build property, and it will be available across all of our developments. 

Rate Reducer

What is the Own New Scheme?

Own New is a collaboration between lenders and the housebuilder that offers a range of incentives to make buying a new build property more accessible, including: 

  • Reduced deposits - The scheme allows you to purchase a new home, such as one of our sustainable properties at Lawnswood, with a deposit as low as 5%. This significantly reduces the upfront financial burden compared to alternative and more traditional mortgage deposits. 
  • Competitive mortgage rates - Own New, gives you access to exclusive mortgage deals with participating lenders. These often come with appealing interest rates, making your monthly repayments more manageable. 

How does Own New work with Cameron Homes?

We are proud to be part of the Own New scheme to help both first-time buyers and existing homeowners join and move on the property ladder. 

Here is how you can benefit:

  • Streamlined process - Our friendly sales team will guide you through the scheme's application process, working closely with you to find your perfect new build home at one of our developments and a mortgage option that fits your needs. 
  • Lowered deposit - With a required deposit as low as 5%, and potentially lower interest rates, the Own New scheme can make buying your dream home much more achievable, giving you the flexibility to put more money towards the finishing touches of your new property.
  • Reduced monthly payments - Own New can help you secure a mortgage with an interest rate starting at just 0.99% for a two-year fixed-rate mortgage, with a 60% loan to value (LTV). Therefore, this significantly reduces your monthly repayments compared to standard mortgage options. 
Couple moving in

Taking the first step

Ready to explore your options and see if Own New could help you own a brand-new home? Here is what you can do next:

  1. Check eligibility - Visit the Own New website (https://ownnew.co.uk/) to get a better understanding of your eligibility and the specific benefits that are available. 
  2. Browse our developments - Next, click here to explore our wide range of beautiful new build homes in handpicked locations across the Midlands.
  3. Contact our sales team - Our friendly and knowledgeable team is here to answer your questions and guide you through the Own New process. 

Our partnership with Own New creates the perfect opportunity for both first-time buyers and existing property owners to buy a new build home in a much more accessible and cost-effective way.

Find out more about the Own New scheme here: https://www.cameronhomes.co.uk/own-new-scheme