Make ‘Owning New’ a reality with the Rate Reducer

We’ve recently introduced the Own New Rate Reducer scheme, which allows first time buyers and existing homeowners the chance to access competitive mortgage rates so you can buy your dream Morris home with lower monthly repayments for up to 5 years, with savings up to £389* 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.

Benefits include:



Own your
own dream
Morris home

How does it work?

  1. Find an eligible home you love at one of our developments
  2. Arrange your mortgage with an approved Own New broker and they’ll help ensure the scheme is the right one for you
  3. Morris Homes will contribute up to 5% to your lender, helping you secure lower mortgage rates for a two or five year fixed period
  4. 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.

*£389 per month saving is based on an Own New rate of 3.61% via Halifax which is subject to change at any time, with a purchase price of £300,000 with a 30 year mortgage. Savings and rates are representative only, please seek advice from one of our Own New scheme mortgage advisors. Own New interest rate of 1.69% is representative only of a 75% loan to value on a £300,000 home over a 30 year period and interest rates are subject to change at any time.