Own New Rate Reducer

Buy your new Fernham home using Own New Rate Reducer

We’re excited to announce that you can now buy a Fernham home with the Own New Rate Reducer scheme, designed for owner-occupiers purchasing a new build home.

Own New Rate Reducer allows you to buy a Fernham home with lower interest rate mortgages for a fixed period,  enabling lower monthly payments. Whether you are a first-time buyer or second homeowner, Own New makes it simple.


  1. Find one of our properties you love
  2. Arrange your mortgage with one of our approved Own New financial advisors
  3. They’ll help you determine if Own New’s Rate Reducer is right for you
  4. Fernham Homes will pay between 3-5% of the value of your new property (home specific)
  5. Own 100% of your new home

We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.


Tackle the cost of living crisis with a reduced rate mortgage

  • Lower payments
  • Sub 4% interest rates
  • Own 100% of your home

It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality.


Hillbury Fields, Ticehurst on selected homes
Rainham on selected homes


Who’s eligible to use Own New’s service? And how does it work?
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 reduce the interest on mortgage payments for the initial term.

What properties are Rate Reducer available on?
Please speak to your local sales consultant for information on which properties offer the Own New scheme.

Who will my mortgage be with?
Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.

How do I get started? How do I access this service?
Once you’ve found one of our properties you love, your local sales consultant can recommend an Own New approved broker who will guide you through the mortgage application process.

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.