Avant Homes has partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on the new build home of your dreams.
Through Own New, prospective homeowners can choose from two remarkable schemes to make owning a brand-new home easier and more affordable than ever before: the Deposit Drop and the Rate Reducer.
Don’t worry about saving for a huge deposit! Avant Homes facilitates access to 95% mortgages.
Buy sooner with reduced deposit mortgages and competitive rates. With decreased deposit demands, our customers can transform their homeownership dreams into reality without shouldering a large upfront payment.
Tackle the cost of living crisis with a fixed term mortgage with lower interest rates facilitated by Avant Homes
We aim to alleviate the financial strain by lowering monthly repayments during this period. This makes homeownership more feasible and provides relief in the face of current economic challenges.
Affordability: Avant Homes is committed to making homeownership accessible by easing financial barriers, offering quality homes for everyone.
Lower monthly repayments: Choose Rate Reducer and benefit from reduced interest rates, resulting in more manageable monthly payments.
Ease of entry: Say goodbye to the traditional deposit hurdles and step confidently into your new home with Deposit Drop.
Financial stability: Ease the impact of rising living costs with lower monthly payments thanks to Rate Reducer, or less pressure to save for a larger deposit with Deposit Drop.
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 facilitate access to either scheme.
Please speak to your Sales Advisor for information on which properties offer the Own New scheme.
It's not currently possible to combine the two mortgage products.
Your mortgage is directly with the lender. Own New is the platform that sits between your mortgage broker and the lender to ensure you get a great deal.
Once you’ve found one of our properties you love, your Sales Advisor can recommend an Own New approved mortgage broker who will provide independent advice and guide you through the mortgage application process.
*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 75%. 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 22/02/2024
^Example based on market interest rates, with an average house price of £350,000 and an average mortgage term of 30 years. Assumes a 5% homebuilder incentive and a 2 year fix, with 75% 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. Rates valid as of 22/02/2024
Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it. Full terms and conditions can be found here.
