Own New

Issue 100

Owning a new build home here in the North East could now be easier and more affordable - thanks to a newly launched mortgage product...

When it comes to a dream home, new builds are increasingly at the top of most house buyers’ lists.

Given their energy efficiency, choice of house styles and build quality, that is probably not surprising – but now there is an even bigger and better reason to buy new.

Miller Homes North East – one of the region’s leading housebuilders – has launched a new partnership specially designed to lower mortgage rates for those looking to buy a new build home in the region.

Own New Rate Reducer is a brand-new product that could enable customers to reduce the interest rate on their mortgage for a new Miller home for their initial mortgage term, while still owning 100 per cent of their property.

Launched with national lenders Virgin Money and Halifax it is available on selected plots at all 10 Miller Homes North East sites now and is open to anyone interested in buying a new build home, provided they have a 10 per cent deposit.

People can benefit from Rate Reducer whether they have a small or large deposit and, for those who already have equity in their present home, it could herald the return of the sub-one per cent mortgage deal.

And, in addition to lower monthly mortgage payments, new build buyers will also benefit from lower energy bills.

According to recent research from the Home Builders Federation, new builds are powered by 55% less energy than older properties, saving customers up to £2,200 on their annual energy costs.

By partnering with Own New Miller Homes aims to increase mortgage lending opportunities and bring the possibility of owning a new-build home to wider range of buyers.”

And since announcing the scheme last month (March) Miller has seen a surge of interest.

Anne Marie Britton, Group Sales and Marketing Director for Miller Homes, said: “We are delighted with the initial response to our partnership with Own New and the interest it has generated amongst potential house buyers.

“Given the number of enquiries we have received since launching, this is clearly a product that resonates with individuals and families that are considering their options for buying a new home.

“I look forward to developing our partnership with Own New over the coming months, and I hope first time buyers and existing homeowners who are thinking of making a move, will take the time to find out more about the many advantages Own New offers.”

Visit now to find out more about Own New and additional offers from Miller Homes that could help you purchase a property in the North East now.

Miller Homes would encourage people looking to buy a new home to seek regulated advice from an independent mortgage broker on the options available for them.

For more information about Miller Homes properties across the North East visit north-east-of-england

Sign-up to our newsletter

  • This field is for validation purposes and should be left unchanged.