Own New No Deposit

The Own New No Deposit scheme is crafted to help eligible buyers access a no deposit mortgage on selected new-build homes. It is aimed at people who can comfortably afford their monthly mortgage repayments but have not yet been able to save a traditional deposit.

A no deposit mortgage allows eligible buyers to purchase a property without providing the upfront deposit that is usually required by mortgage lenders. Through Own New No Deposit, qualifying buyers may be able to secure a mortgage with no deposit on selected new-build homes.

To be eligible, you must be aged 21 or over, meet affordability requirements, satisfy standard lending criteria and be purchasing an eligible home. A regulated assessment with an approved Own New mortgage broker is also required.

No, the Own New No Deposit scheme is not exclusively for first-time buyers. Eligibility is based on the criteria set by participating lenders and the scheme requirements, rather than your previous homeownership status.

A mortgage with no deposit works differently from a traditional mortgage because eligible buyers are not required to provide an upfront deposit from their own savings. Instead, the scheme is designed to help qualifying buyers access homeownership sooner, subject to lender approval and affordability checks.

No, no deposit mortgages through Own New are only available on selected developments and plots. Availability may vary by location and development, so it's worth speaking to one of our expert sales advisors for the latest information.

No. Own New No Deposit cannot be used in conjunction with other purchase schemes. Full eligibility requirements and scheme terms will be explained when you speak to a sales advisor or approved mortgage broker.

The first step is to speak to a sales advisor at your chosen development. They can introduce you to an approved Own New mortgage broker who will assess your circumstances and advise whether a no deposit mortgage through the Own New No Deposit scheme is suitable for you.

Buying a new-build home with a no deposit mortgage could help you move sooner without waiting to save a traditional deposit. Selected homes may also include incentives such as Stamp Duty paid, flooring throughout and integrated appliances included, helping to reduce some of the upfront costs associated with moving home.

*Available on selected plots only.

The No Deposit Mortgage is subject to the lender's prevailing interest rate at the time of application. As interest rates can change, your mortgage adviser will provide a personalised mortgage illustration showing the latest rate and monthly payment before you proceed.

The No Deposit scheme is available on selected Charles Church developments and plots in England and Wales.

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.

Purchase schemes cannot be used in conjunction with any other scheme.

Additional offer: SDLT contribution

1. In this Offer SDLT means Stamp Duty Land Tax and includes the equivalent LTT in Wales. The term “Price” means the purchase price for the Charles Church home as will be stated in the transfer deed or lease (or in either case regional equivalent).
2. This Offer is available on selected Charles Church developments and plots in England and Wales only, subject to customer status and availability. In these terms “You” means the customer(s) and applies if the relevant Charles Church home is being acquired by one or more persons. “Us” and “Our” are references to Charles Church. “The Offer” means the offer detailed in paragraph 4 below. The provision of the Offer is strictly subject to these terms and conditions. “We” means Us and You. For the avoidance of any doubt if You comprise more than one person and either or any of You withdraw from the purchase of the Charles Church home, the person(s) so withdrawing shall not be entitled to the Offer.
3. Our sales representative will let You know in writing, prior to or on reservation of a Charles Church home, whether or not You qualify for this Offer. To qualify for this Offer, You must enter into a reservation agreement with Us (which includes payment of the required reservation fee) for the specific Charles Church home to which Our Offer relates, in accordance with the applicable regional terms and conditions.
4. The Offer comprises a financial incentive that:

• equates to the SDLT that You will be legally obliged to pay in respect of the Price (and for the purposes of this Offer Price excludes any additional fixtures that necessitate the payment of SDLT and which You agree to purchase from Us); and
• is a sum that, regardless of the Price, shall not exceed £5,000; and
• will be shown on the completion statement as a “deduction” from the completion balance when you complete (the Offer will not be given or paid to You by any other means)

Additional offer: Upgrades contribution

1. This offer is available on selected Charles Church developments and plots only, subject to customer status and availability. “The Offer” means the offer detailed in paragraph 4 below. The provision of the Offer is strictly subject to these terms and conditions. “We” means Us and You. For the avoidance of any doubt if You comprise more than one person and either or any of You withdraw from the purchase of the Charles Church home, the person(s) so withdrawing shall not be entitled to the Offer.
2. The term “Upgrades” means upgrades to a Persimmon new home comprising flooring and freestanding household appliances shown as being available in Charles Church Select Options brochure as at the date of reservation (subject to the availability of such fixtures and fittings). The list price of the Upgrades will not exceed £5000 in aggregate.
3. The Offer comprises the provision and fitting (where appropriate) of the selected Upgrades to the new home reserved and purchased by You.
4. If You qualify for the Offer You accept and acknowledge that in certain circumstances the fitting of the Upgrades may not be finished by the completion date of the sale and purchase of the new home. If this should apply then You will give Us reasonable access to the new home after completion to manage the fitting and delivery of the Upgrades (which We shall endeavour to achieve as soon as reasonably practicable). You shall not be entitled to any compensation or alternative product for any late fitting of the Upgrades.

Charles Church shall have sole discretion to decide whether You are entitled to the Offers provided by this scheme. Charles Church reserves the right to suspend cancel or amend this Offer at any time without notice (Provided always that the terms of an Offer to an individual may not be amended where the availability of the Offer and eligibility for the Offer have been communicated in writing to that individual on or before reservation of a specific Charles Church home, without prejudice to these terms and conditions). Any suspension, cancellation or amendment will be published on Charles Church's website.