i

We are offering drop-in appointments across most developments; however, should you wish to have dedicated time with our sales advisor, we encourage you to book ahead. Click here for further details.

Own New Rate Reducer scheme

Low-rate mortgages are back with Own New Rate Reducer available on selected Ashberry homes.

A simple scheme that could be the key to your home move

Low-rate mortgages are back, and Ashberry are here to present the Own New Rate Reducer mortgage scheme, offering our customers access to some of the most competitive interest rates on the market.

With mortgage rates from below 1.01%*, Ashberry’s partnership with Own New Rate Reducer provides homebuyers with lower monthly mortgage payments for an initial two- or five-year period, helping first-time buyers and existing homeowners move into their dream Ashberry home.

Own New Rate Reducer is just one of a range of incentives available on selected Ashberry plots and developments. Speak with our sales advisors at your chosen development to find out more.

Full terms & conditions available.

How Own New Rate Reducer works

Ashberry will make a financial contribution of 3% or 5% directly to your lender, minus an Own New arrangement fee, enabling homebuyers to unlock lower mortgage interest rates over a fixed two- or five-year period through Own New Rate Reducer.

Buyers will own 100% of their home with a minimum of 5% deposit, benefitting from excellent savings, helping you to tackle the cost of living.

Ashberry will then put you in touch with an Own New Rate Reducer-accredited independent mortgage broker to give advice on the scheme and find the best fit for you.

Our sales advisors can direct you to developments and plots that are eligible for the scheme, helping guide you to your ideal home.

Customers should always seek independent mortgage advice before making a final decision.

HOW MUCH CAN CUSTOMERS SAVE?

HOW MUCH CAN CUSTOMERS SAVE?

* Example savings are based on an average Ashberry house price of £310,000 with a 2-year fixed term.

House icon

10% deposit

Save £281 a month 

For the initial period with Own New you'll have access to a mortgage rate of below 4.15% interest rate with a 3% incentive from Ashberry on a 35-year term.

House icon

40% deposit

Save £385 a month

For the initial period with Own New you'll have access to a mortgage rate of below 1.01% interest rate with a 5% incentive from Ashberry on a 25-year term.

How can the scheme help first-time buyers?

Own New Rate Reducer presents first-time buyers with an opportunity to get onto the property ladder, available through Ashberry with an affordable deposit, helping you to own 100% of your dream first home with access to incredible savings.

  • Get on the ladder with reduced monthly payments
  • Minimum 5% deposit required
  • Own 100% of your home
  • Available to a wide range of applicants
  • Accredited brokers to help you through the process

How can it help home movers?

Move into your dream Ashberry home with access to reduced interest rates for the initial period of your mortgage. Plus, with the financial benefits of a new-build home, you could save money for what really matters.

  • Move into your dream Ashberry home
  • Reduce your monthly mortgage payments for the initial period
  • Benefit financially from a new-build home
  • Save money for what matters most to you

1

Choose your perfect Ashberry home

Ask one of our friendly sales advisors for direction on plots and developments taking part in the Own New Rate Reducer scheme.

2

Talk through the scheme with a broker

Our independent mortgage brokers have all the answers to your questions to get the process underway.

3

Follow the homebuying process

Proceed with the broker and lender as usual, knowing that Ashberry will be contributing to your lender to reduce your interest rates for the initial period.

4

Moving day

Get the keys to your brand-new Ashberry home and enjoy your incredible savings.

More information about Own New Rate Reducer

Where do I start with Own New Rate Reducer?

Browse our website for your perfect Ashberry home and speak with one of our friendly sales advisors. You can apply for a normal mortgage through the lender’s usual process, with no additional cost to you.

Do I have to be a first-time buyer to qualify for Own New Rate Reducer?

No, the scheme is available to both first-time buyers and existing homeowners.

Do homebuyers have to pay a fee to use the Own New Rate Reducer scheme?

No extra fee is required, a percentage fee of 0.22% of the house price is subtracted from the 5% housebuilder contribution (0.15% if the incentive is 3%) and goes directly to Own New as their arrangement fee.

Will I be able to afford my mortgage when the Own New Rate Reducer scheme ends?

Customers will be qualified by a regulated independent mortgage advisor and will be credit-scored by the lender to demonstrate enough income to support the mortgage payment at the headline rate, before any Own New Rate Reducer subsidy is applied over the fixed initial term.

Where does the homebuyer’s contribution go for Own New Rate Reducer?

Ashberry’s contribution, minus the Own New Rate Reducer fee, will go directly to your mortgage lender through Own New, allowing buyers to unlock lower interest rates for the initial period after moving.

With Own New Rate Reducer, is anything different from the normal mortgage process?

There is one small and simple addition to the normal process. A “Letter of Acknowledgement” must be sent from the developer to the buyer and broker, to be passed to the lender, before a mortgage offer can be made. Our sales advisor can arrange this for you.

Are there any legal restrictions with Own New Rate Reducer?

The Own New Rate Reducer scheme is available on new homes, subject to terms and conditions, with a minimum of 5% deposit required. Please contact our sales advisors for any further information.

Who is it my mortgage will be with if I use Own New Rate Reducer?

Own New Rate Reducer just sits between your broker and lender, so your mortgage will be directly with the lender.

The Ashberry staff have been so helpful and kept me informed throughout my journey. They are exceptional.”

Jonathan Kingston - Cherry Fields

Mother, father and child laughing on sofa

Make moving home easy with Ashberry

Take advantage of one of the many schemes we offer to make your move simple and stress-free.

Find my Home

Your Journey

When you buy with Ashberry, you can expect only the highest level of care from your initial enquiry through to moving day and beyond.

Assisted Move logo

Assisted Move

We’ll help you sell your old home

Learn more Find my Home

Find your perfect Ashberry home

Terms & Conditions

*Own New Rate Reducer terms and conditions.

Own New Rate Reducer is available on selected developments and plots only, and will include a housebuilder contribution of 3% or 5% of the house asking price which is passed directly to the lender (minus an Own New arrangement fee of 0.15% or 0.22% respectively) to secure a reduced mortgage rate for an initial period of 2- or 5-years fixed. After this period your mortgage rate is likely to increase.

Whilst stocks last, subject to availability. Speak to the sales advisor on your chosen development to discuss where Own New Rate Reducer is available.

‘Mortgage rate below 1.01%’ headline interest rate is based on market interest rate available as of 26.03.24 (and is subject to change) and is based on 40% deposit, 5% homebuilder incentive, 2-year fixed mortgage rate and 25-year term. Savings made in the initial 2-year fixed period.

Subject to lender criteria and eligibility. The lender will carry out their normal criteria and affordability assessments before any Own New Rate Reducer subsidy is applied.

A percentage fee of 0.22% of the house price is subtracted from the 5% housebuilder contribution (0.15% if the contribution is 3%) and goes directly to Own New as their arrangement fee.

Applicable on new reservations only. Cannot be applied in conjunction with any other offers or selling schemes. We reserve the right to withdraw this offer at any time.

Ashberry is not regulated by the FCA and offers no mortgage advice. Customers must take advice from a regulated mortgage adviser before proceeding.

Own New Rate Reducer is one of many incentive schemes and purchasing options available to Ashberry customers.

Ashberry may receive a commission when a customer completes on a mortgage arranged by our panel of independent mortgage advisors.

Your property may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.

Top