CONTACTIf you've been waiting for mortgage rates to fall before buying a home, there may be another way to make homeownership more affordable today.
At London Square Pearson Building in Croydon, the Own New Rate Reducer scheme could help eligible buyers access a lower mortgage rate, resulting in significantly reduced monthly repayments on a selected new-build home.
With over 90% of homes already sold, this is an opportunity to secure one of the final remaining apartments in a landmark development located moments from West Croydon station.
Own New Rate Reducer is a scheme designed to help buyers secure a lower initial mortgage rate when purchasing a new-build home.
By accessing a reduced interest rate, buyers can benefit from lower monthly mortgage repayments during the initial fixed-rate period, helping make moving into a new home more achievable.
Whether you're a first-time buyer or an existing homeowner, the scheme could help ease the cost of buying a new home at London Square Pearson Building.
At London Square Pearson Building, buyers could benefit from significant monthly savings through Own New Rate Reducer.
Based on Apartment 1601 with a full market value of £395,000 and a 5% deposit of £19,750, the example figures below highlight the potential savings available through Own New Rate Reducer.
| Standard Mortgage | With Own New Rate Reducer | |
| Initial interest rate | 5.26% | 3.01% |
| Monthly repayment | £2,251 | £1,782 |
| Monthly saving | - | £469 |
| Potential savings over two years | - | £11,256 |
Example based on a £395,000 purchase price, 95% loan-to-value mortgage, 35-year term and a two-year fixed rate supported by a 5% builder incentive. Individual circumstances and lender criteria will apply.
Ready to discover how Own New Rate Reducer could help make your move possible?
Speak to our sales team to find out more about the final apartments available at London Square Pearson Building and learn how much you could save with a lower mortgage rate.
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