Own New
Own New helps you move into your dream Charles Church home with lower mortgage rates. We've partnered with Own New to offer a simple, more affordable way to buy your home.
Own New helps you move into your dream Charles Church home with lower mortgage rates. We've partnered with Own New to offer a simple, more affordable way to buy your home.
What does that mean exactly?
We're using our financial incentive to directly reduce the cost of your mortgage.
Instead of a standard discount, we're contributing these funds to the lender through the Own New platform, which is then used to significantly lower your mortgage interest rate for the initial fixed term.
Ultimately, this partnership allows you to leverage our contribution to secure cheaper monthly payments, boost your deposit, or receive cashback, making buying your new Charles Church home much more financially accessible.
Who can benefit?
It's available to both first-time buyers and home movers purchasing a Charles Church
home.
Two ways to Own New
There are two Own New products to choose from, depending on your needs:
● Own New Rate Reducer: Uses a 5% builder incentive to give you the largest possible rate reduction, maximising your monthly savings.
● Own New Flex: Uses a 3% builder incentive to reduce your mortgage rate, which can be paired with other builder incentives (like deposit contributions or stamp duty help) where available.
Talk to one of our friendly sales advisors about what products and incentives are available on your chosen plot.
How do I get started?
Step 1: Speak to our sales team to find your dream home and confirm which Own New incentives are available on your plot.
Step 2: Obtain a Letter of Approval from us.
Step 3: Give this letter to an approved Own New broker who will discuss your affordability and handle the rest of the application process.
Step 4: Complete your purchase and move into your dream home.
Ready to find your home?
If Own New Rate Reducer has boosted your home-buying dreams, it’s time to start searching.
Find your new homeFAQs
Own New Rate Reducer uses a 5% builder incentive to reduce the mortgage interest rate as much as possible. That can lower the monthly payment significantly during the initial mortgage period.
Own New Flex uses a 3% builder incentive toward reducing the mortgage rate, while leaving room for other builder incentives where available. The exact structure depends on the home builder and the deal on the plot you are buying.
Yes. Own New is designed so that the full builder incentive works for the buyer. Depending on the product and lender structure, that benefit may appear through a lower rate, cashback, deposit support, or a combination of these.
No. The mortgage is directly with the lender. Advice is provided by an approved broker where advice is needed. Own New sits between the builder, lender, and broker to help structure the incentive.
Yes. Own New is not shared ownership. You buy and own 100% of your home from day one, subject to the normal mortgage and conveyancing process.
No. Availability depends on the builder, the development, and sometimes the specific plot. That is why the website should be treated as a browse-and-enquire journey rather than a universal product promise.
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.
This purchase scheme cannot be used in conjunction with any other scheme.