The Benefits of & How Own New Rate Reducer Works

Posted 29/05/2024

Higgins Homes is delighted to introduce an exciting new initiative designed to make homeownership more accessible and affordable for our valued customers. In partnership with Own New, we are proud to present the Own New Rate Reducer, a scheme that offers some of the most competitive interest rates on the market, ensuring that your dream home is within reach, even if you didn’t think it possible.

What is the Own New Rate Reducer?
The Own New Rate Reducer is a financial product tailored to provide homebuyers with lower monthly mortgage payments and reduced interest rates. This innovative scheme is designed to ease the financial burden on first-time buyers and current homeowners, enabling you to purchase the home you've always wanted sooner than you imagined.

Key Benefits of the Own New Rate Reducer
1. Lower Interest Rates
Enjoy some of the most competitive interest rates available, making your home loan more affordable over the long term. If eligible, Higgins Homes could contribute up to 5% of the purchase price of your chosen home, unlocking lower interest rates and significantly lowering your living costs while making high-quality home ownership more accessible.

2. Smaller Monthly Payments
With these lower interest rates and our financial contribution, your monthly mortgage payments are significantly reduced, giving you more financial flexibility and peace of mind.

3. Own 100% of Your Property
Unlike some other schemes, the Own New Rate Reducer ensures that you own 100% of your property from the very beginning.

4. Get Moving Sooner
Whether you're a first-time buyer or looking to move to a new home, the Own New Rate Reducer helps you purchase with a lower deposit. This means you won't have to spend years saving up or building equity before you can move into your new home – perfect for young professionals and anyone trying to get their foot on the property ladder.

How Does It Work?
The Own New Rate Reducer is simple and straightforward.

1. Find Your Dream Property
Start by selecting one of our stunning properties that you love. Developments offering the Own New Rate Reducer scheme include Ecole, a collection of modern studios, one- and two-bedroom apartments and two- and three-bedroom duplexes in vibrant Bermondsey, and The Garratt Collection, featuring a selection of one-, two- and three-bedroom apartments and four-bedroom houses in Earlsfield, nestled within the leafy Borough of Wandsworth.

2. Arrange Your Mortgage
Work with one of our approved Own New mortgage brokers. They will guide you through the process and help determine if the Own New Rate Reducer is the right fit for your financial situation.

3. We Contribute to Your Purchase
If the scheme is suitable, we could contribute up to 5% of the purchase price of your chosen home.

4. Lower Interest Rates and Payments
Our contribution is paid directly to the mortgage lender through Own New, unlocking lower interest rates and reducing your mortgage payments for the initial term.

5. Enjoy Your New Home
Move into your beautiful new home, enjoying the benefits of lower monthly payments and full ownership.

Why Choose Higgins Homes?
At Higgins Homes, we are committed to helping you achieve your homeownership goals. Our partnership with Own New and the introduction of the Own New Rate Reducer underscores our dedication to providing innovative solutions that meet your needs. With beautiful, contemporary, high-quality properties to choose from and expert guidance throughout the mortgage process, we make the journey to your new home as smooth and rewarding as possible.

Don't let high deposits and steep monthly payments stand in the way of your dream home. Explore the Own New Rate Reducer today and take the first step towards affordable, stress-free homeownership with Higgins Homes.