Introducing the Own New Rate Reducer
Unlock reduced mortgage interest rates - and enjoy significantly lower monthly repayments for the initial fixed term of your brand new Kirkwood home!*
Available exclusively for newbuild homes, the Own New Rate Reducer is a new scheme which works alongside registered lenders to offer reduced mortgage interest rates for a fixed term period. This means you can move into your dream home and benefit from lower monthly repayments for the first 2 or 5 years of owning your home.
How the incentive works
- Choose your Kirkwood home from our available plots
- Decide if the Own New Rate Reducer is right for you by arranging an appointment with our sales team and approved Own New mortgage advisor to discuss terms and conditions
- Depending on your eligibility, we’ll create a tailored incentive package based on your needs (subject to lender terms and conditions)
- We’ll contribute up to 3% or 5% of the purchase price of your new home, which is paid directly to the mortgage lender
- Enjoy full home ownership with a lower interest rate and reduced mortgage payments during your first fixed term
Example - property price £259,995
60% loan to value (40% client deposit)
Own New rate = 0.99% for a 2 year fixed = £586.72 monthly repayment
75% loan to value (25% client deposit)
Own New rate = 1.83% for a 2 year fixed = £809.22 monthly repayment
90% loan to value (10% client deposit)
Own New rate = 2.76% for a 2 year fixed = £1078.17 monthly repayment
*rates applicable at 27/3/24
Own New Rate Reducer is available at our luxury developments below...
Please get in touch with a sales advisor to discuss applicable plots
Enquire about Own New Rate Reducer
If you have a question for our team, please fill in this form and we’ll get back to you as soon as possible.
Terms and Conditions
Eligibility is at the discretion of Kirkwood Homes, subject to receiving regulated advice from our approved Own New mortgage broker and ultimately subject to lender terms and conditions.
The Own New Scheme is only one of the ways in which you can use the home builder incentive as a prospective purchaser.
The Own New Scheme cannot be used in conjunction with any of Kirkwood Homes’ offers.
*rates applicable at 27/3/24
Step into your brand new home this spring!
With the season of fresh starts and new beginnings finally here, we've launched a selection of fantastic incentives to help you flourish in your new Kirkwood home this spring!
