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Own New

Own New is a scheme to provide home buyers with competitively priced mortgage products, making buying a new build Beal home more affordable.

Buy a New Build

Reduced rates & Smaller deposits

  • Reduce Interest Rates

  • Buy with a 5% deposit

  • Own 100% of your home

  • Employed or self-employed

  • Available for houses or flats

Speak with a member of our team to find out which homes are available with Own New.

Call 01482 977 776 today!

2 Amazing products

How it works

  1. Find one of our properties you love

  2. Arrange your mortgage with one of our approved Own New mortgage brokers

  3. They’ll help you determine if Own New’s Rate Reducer is right for you

  4. Own 100% of your new home


We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.

Rate Reducer

Tackle the cost of living crisis with a reduced rate mortgage

  • Lower Payments

  • Sub 4% interest rates

  • Own 100% of your property

It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality.


Who’s eligible to use Own New’s service? And how does it work?

This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.


What properties are Rate Reducer available on?

Please speak to your local sales executive for information on which properties offer the Own New scheme.


Is it possible to combine Rate Reducer?

It’s not currently possible to combine the two mortgage products.


Who will my mortgage be with?

Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.


How do I get started? How do I access this service?

Once you’ve found one of our properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.

Terms and Conditions Apply*

*Mortgage rates below 1.01% available with Own New Rate Reducer Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 60%. Savings made in the initial fixed period. 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. Rates valid as of 17/03/2024