At Bancon Homes, we understand that buying a new home is a significant milestone, yet for many, it can seem just out of reach due to financial barriers. That's why we're proud to support Own New - Rate Reducer, an initiative designed to make the dream of owning a beautiful new Bancon home a reality.
What is Own New - Rate Reducer?
Own New - Rate Reducer is a groundbreaking program that brings together the expertise of home builders like us and select lenders to offer better, more accessible mortgage options for you! How does it work? Simply put, we at Bancon Homes contribute alongside these lenders to craft mortgage solutions that address affordability and deposit obstacles while still allowing you to own 100% of your new home.
Affordability with the Own New - Rate Reducer
We know monthly increased mortgage payments can be a deal-breaker for many potential homeowners. With the Own New - Rate Reducer, you could reduce a standard mortgage interest rate by up to 1.58%* This means your monthly payments are reduced, making it easier for you to manage your finances without sacrificing the quality of your new home.
Own New at Bancon Homes – Simplifying Your Journey to Homeownership
Eligibility for the Own New - Rate Reducer mortgage is broad, welcoming all borrowers interested in a new build property. This includes first-time buyers eager to step onto the property ladder and home movers looking for their next chapter. Provided you meet the lender's requirements, Own New could be your key to a more affordable home purchase.
Start Your New Home Search
Excitingly, Own New - Rate Reducer isn't just limited to houses; it's available on our apartments too. Discover a variety of homes eligible for Own New by visiting our development pages. Simply look for the Own New offer and begin your journey towards owning your dream home. Want to speak to us directly? Call 01224 900 142 and a member of our team will be happy to help.
*Example assumes a 3% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial fixed rate period and an LTV of 75%. 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 23/04/2024.
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