CONTACTWhether you're a first time buyer or an existing homeowner, Own New Rate Reducer can make it possible to buy a new build home with access to lower mortgage rates.
Through Own New Rate Reducer you could get a mortgage rate below 2.97%.*
Once you have picked your London Square home where the scheme is available, speak to one of the team and they can put you in touch with a Financial Advisor to discuss next steps.
The terms and conditions of the Own New Rate Reducer can vary depending on personal circumstances, you are advised to speak to an Independent Financial Adviser.
✓ Lower monthly payments to help ease outgoings
✓ Reduced rate which lasts for the fixed term of your mortgage
✓ Pay off more of your mortgage during the fixed term
1. Choose your new London Square home
2. Apply for an Own New mortgage with an Own New approved Independent Mortgage Broker (we can put you in touch with one if needed)
3. The legal exchange and completion of your new home takes place
4. You own 100% of your new home
Example based on market interest rates, with an average house price of £415,000 at London Square Woolwich and an average mortgage term of 35 years. Assumes a 5% builder incentive and a 2 year fix, with 90% LTV mortgage. 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 your mortgage repayments. Market rates researched as of 07/10/2026.
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