Own New | Rate Reducer

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Plot 19 Showhome Hollymead Square
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Introducing the Own New Rate Reducer, giving homebuyers access to mortgage rates below 4% helping you make your move to a Hill home.

We are excited to introduce the Own New Rate Reducer, a unique scheme that enables you to access low rate mortgages when you buy your new Hill home. 

With reduced monthly repayments during the initial mortgage period, it could help you fulfil your dream of buying a home sooner than you thought.

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Open to first-time buyers and existing homeowners who want to move, Own New Rate Reducer is the simpler, better and hassle-free way to get access to a mortgage with a lower interest rate. It's now available on a range of Hill homes in fantastic locations across the country.

What's great about the scheme?

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    Access to better rates

    Get access to mortgages with lower interest rates and reduced monthly payments during the initial mortgage period

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    No price caps

    Unlike other new-build buying schemes, there are no price caps on the property you can purchase.

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    Not just for first time buyers

    Open to both first-time buyers and home movers so no matter where you are in your homeownership journey, there may be an option for you.

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    Own 100%

    You will own 100% of the home when you buy using Own New.

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    Available on a range of properties

    Hill offer a range of homes that suit the needs of buyers across all stages of their homeownership journey, so you're sure to find something suitable.

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How to buy with the scheme

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    Find your ideal new home
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    Talk to your Hill sales consultant about a mortgage with Own New
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    They will put you in touch with an approved new build mortgage broker to guide you through the process
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    Complete the mortgage application and buying process as normal
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    Own 100% of your new build home

How it works

Own New Rate Reducer works behind the scenes with house builders and lenders, to reduce the overall cost involved with mortgage loans on new build properties. The reduction is funded by house builders' contributions towards the cost of the mortgage and enables the lender to offer borrowers more competitive interest rates during the initial period of their mortgage on a range of Hill homes in fantastic locations across the country.

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Chesterford Meadows

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