Own New Rate Reducer

Discover lower interest rates and smaller monthly payments, when you buy a Charles Church home with Own New Rate Reducer.

Mortgage rates below 2.1%* available through Own New Rate Reducer

At Charles Church we’ve partnered with Own New Rate Reducer, providing a simple, stress-free solution to the issue of rising mortgage payments. 

You’ll get a normal mortgage and own 100% of your new home - with the bonus of enjoying lower monthly payments. 

Available to all buyers, Rate Reducer lets you buy a new build home with a lower interest rate mortgage. It’s a regular mortgage, just with lower monthly payments for the initial period.

  • Lower interest rates
  • Smaller monthly payments
  • Own 100% of your property

Make your beautiful new home a reduced rate reality, and have more to spend on the things that matter.

How does Own New Rate Reducer work?

1. Find a Charles Church home you love

2. Arrange your mortgage with one of our approved Own New mortgage brokers, who will help you determine if Rate Reducer is right for you

3. If it's suitable, we could contribute up 3% or 5% of the purchase price of your chosen home

4. This is then paid directly to the mortgage lender, meaning you'll get a lower interest rate and lower mortgage payments for your initial term

5. Own 100% of your new home!


Who’s eligible to use Own New’s service? And how does it work?

This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.

What properties is Rate Reducer available on?
Please speak to your local sales rep for information on which properties offer the Own New scheme.

Who will my mortgage be with?

Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.

How do I get started? How do I access this service?
Once you’ve found one of our properties you love, your sales advisor can recommend an Own New approved broker who will guide you through the mortgage application process.


* Example assumes a 5% homebuilder incentive and it based on mortgage rates available in the market, with a 2 year initial 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 with your mortgage repayments. Rates valid as of 24/05/2024. 

Eligibility is at Charles Church's discretion, is subject to receiving regulated advice from an approved Own New mortgage broker and is ultimately subject to lender terms and conditions.

Select Options

Add Select Options to your Charles Church home.

Showcase Your Style

Why not share your own photos on Instagram using #charleschurchlife for a chance to win a £100 White Company voucher. Visit our Facebook page for terms and conditions.