Make ‘Owning New’ a reality with the Rate Reducer
Take advantage of the Own New Rate Reducer scheme, which gives new homes buyers access to the most competitive mortgage rates so you can buy your dream Morris home with lower monthly repayments for up to 5 years, with savings up to £498* per month
What is it?
Own New Rate reducer offers rates as low as 1.93%* for up to 5 years, when you use the scheme through one of the approved Own New mortgage lenders.
Open to first time buyers and existing homeowners, the scheme is aimed at ensuring mortgages are accessible to more buyers.
Discover just how much you could save with an Own New-Rate Reducer mortgage using this calculator:
Benefits include:
Lower
interest
rates
Smaller
monthly
payments
Own your
own dream
Morris home
How does it work?
- Find an eligible home you love at one of our developments
- Arrange your mortgage with an approved Own New broker and they’ll help ensure the scheme is the right one for you
- Morris Homes will contribute up to 5% to your lender, helping you secure lower mortgage rates for a two or five year fixed period
- Move into your brand new Morris home, benefitting from reduced monthly payments.
Our sales advisors can direct you to developments and homes that are eligible for the scheme.
| Example based on market interest rates, with an average house price of £359,750 and an average mortgage term of 35 years. Assumes a 5% homebuilder incentive and a 2 year fix, with 90% 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 22-07-2025 |
Savings and rates are representative only, please seek advice from one of our Own New scheme mortgage advisors.