Own New Rate Reducer is a scheme to provide home buyers with competitively priced mortgage products, making buying a new build home more affordable.


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. Available on selected plots* to first time buyers and existing homeowners.

Buy a new build

  • Reduced interest rates
  • Own 100% of your home
  • Employed or self-employed
  • Available for houses or flats

*Terms and conditions apply, on selected plots only

happy couple moving home with own new rate reducer with Campion Homes

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.

How it works

  1. Find one of our properties you love
  2. Arrange your mortgage with one of our approved Own New mortgage brokers
  3. They’ll help you determine if Own New's Rate Reducer or Deposit Drop is right for you
  4. Own 100% of your new home

dog sitting on top of packed boxes


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.

Please speak to your local sales rep for information on which properties offer the Own New scheme.

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.

Once you’ve found one of our properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.