How it works
Own New Rate Reducer works behind the scenes with house builders and lenders, to reduce the overall cost involved with mortgage loans on new build properties. The reduction is funded by house builders' contributions towards the cost of the mortgage and enables the lender to offer borrowers more competitive interest rates during the initial period of their mortgage on a range of Hill homes in fantastic locations across the country.
Who is eligible?
Open to first-time buyers and existing homeowners who want to move, Own New Rate Reducer is the simpler, better and hassle-free way to get access to a mortgage with a lower interest rate. It's now available on a range of Hill homes in fantastic locations across the country.
What's great about the scheme?
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Access to better ratesGet access to mortgages with lower interest rates and reduced monthly payments during the initial mortgage period
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No price capsUnlike other new-build buying schemes, there are no price caps on the property you can purchase.
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Not just for first time buyersOpen to both first-time buyers and home movers so no matter where you are in your homeownership journey, there may be an option for you.
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Own 100%You will own 100% of the home when you buy using Own New.
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Available on a range of propertiesHill offer a range of homes that suit the needs of buyers across all stages of their homeownership journey, so you're sure to find something suitable.
How to buy with the scheme
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Find your ideal home -
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Talk to your Hill sales consultant about a mortgage with Own New -
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They will put you in touch with an approved new build mortgage broker to guide you through the process -
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Complete the mortgage application and buying process as normal -
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Own 100% of your new build home
