New Mortgage Offers Available with Own New Rate Reducer

This week saw the announcement of a new partnership between Own New and Darlington Building Society to introduce two new Rate Reducer products at 95% and 90% LTV. This collaboration will help extend the benefits of Rate Reducer to more of new home buyers, offering lower monthly mortgage payments and addressing affordability challenges.

Their mission is to make homeownership more accessible for everyone allowing those looking for a new home to secure a mortgage with as little as 5% deposit. With Darlington's expertise in simplifying complex cases, especially those involving skilled worker visas and affordability, this partnership enables them to bring the advantages of Rate Reducer to even more buyers.

Key Features of the new Darlington Own New Rate Reducer Mortgage:

• Skilled Worker VISAs eligible up to 90% LTV
• Generous Affordability model
• 95% LTV new build mortgage
• Credit Search, not Credit Score
• Non-guaranteed income considered (overtime, bonus, commission)
• Minor credit issues considered
• Family gifted deposits acceptable
• Low monthly payments
• At the time of publishing, Own New mortgage rates with Darlington are
• 95% - 3.19% 2-year fixed rate
• 90% - 3.09% 2-year fixed rate

Bancon Homes are proud to offer a range of 2, 3, 4 & 5 bedroom homes at our developments across Scotland that are available with the Own New scheme. In addition we partner with independent mortgage advisors who specialise in new build and Own New mortgages to make your move as stress-free as possible!

Get in touch with our sales team to find out more 01224 900 142 sales@bancon.co.uk

Read more about Own New here https://ownnew.co.uk/