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    Discover the Rate Reducer & Deposit Drop Scheme

    If higher interest rates, deposits and monthly payments are making the property market feel increasingly off limits, you are not alone. With rising mortgage rates and living costs, a high percentage of renters believe that they won’t be able to get on the property ladder. However, there is a new mortgage solution available to make buying more affordable.

    By coupling low deposits with reduced monthly payments, the latest New Build Home Buying Scheme could be the answer for many first-time buyers and home movers.

    Known as the Rate Reducer and Deposit Drop Scheme, this can only be delivered through specialist, approved new build brokers who have completed the training.

    As it’s only available through participating ‘Own New’ lenders and homebuilders, why not let our approved team remove the hassle of shopping around and doing the research from your shoulders and get you one step closer to owning your own home?

    This scheme is offered nationwide. If you’re interested, get in touch with the team at Agentis and book your free initial consultation.

    Below are some of the lenders we deal with, however we have access to the whole of the market, including exclusive deals that you won’t be able to find yourself.

    What Are The Benefits?

    Let’s have a closer look at the positive outcomes that the scheme can provide for home buyers:

    • Lower-cost mortgage: The buyer gets a reduced interest rate, which directly benefits their monthly expenses, and results in more capital being paid down in the initial term.
    • More capital repaid: The lower interest rate results in more capital paid down in the initial term.
    • Ideal for home movers: The scheme is also available for home movers looking to purchase a new build property.

    How Does It Work?

    So, how does the scheme create cheaper mortgages for borrowers? The incentive effectively part-pays the lender’s interest for the initial term.

    Initially, the following incentives will be offered:

    1. Own New Rate Reducer 3%
    2. Own New Rate Reducer 5%

    The incentive amount will be paid by the home builder. Other than that, it’s a normal mortgage that enables you to own 100% of your home. Both loan ranges will likely start by covering 60% to 90% of the property’s value, with fixed rates available for either two or five years.

    The full breakdown of the reduced rate mortgage, including any cheque payment to you, will be included in a Rate Reducer Illustration. Your mortgage broker will also be on hand to discuss any questions you may have at any point.

    What Our Customers Think

    Star Rating Icons Agentis Financial & Mortgage Solutions

    We cannot recommend Christine from Agentis enough. She has arranged our mortgage for the past 8 years and makes the whole experience so easy and stress free. She is extremely knowledgable and always secures us the best possible mortgage – we wouldn’t use anyone else! Highly recommended.

    Clare Gray

    Star Rating icons Agentis Financial & Mortgage Solutions

    I couldn’t be more happier by choosing Agentis Financial for my first mortgage. I appreciated the time Christine took to explain everything to me and to answer the questions I had. Been very helpful and negotiated the offer for me, saved £3000! Thank you so much

    Indre Talmantaite

    Star Rating Icons Agentis Financial & Mortgage Solutions

    I will never use anyone else. Agentis have helped me with house purchases and re mortgages. I have also recommended them for my sisters first time buy. Christine is always a pleasure to deal with and never fails to get you the best deal.

    James Astill

    Frequently Asked Questions

    Who is eligible for a Rate Reducer mortgage?

    Anyone looking to buy a new build property (subject to all the relevant checks with the lender). It is suitable for people who are both employed and self-employed and can be used to buy a new-build house or flat.

    What is the difference between a Rate Reducer and a Deposit Drop mortgage?

    A Rate Reducer mortgage is a regular mortgage but with lower monthly interest rates for the initial period. A Deposit Drop mortgage allows customers to get a mortgage with a 5% deposit and competitive interest rates. Both options mean the customer owns 100% of their home.

    Plan your Mortgage the right way
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