Miller Homes has teamed up with Own New to supply decreased mortgage charges for patrons of recent build properties in Scotland.
The ‘Own New Rate Reducer’ product permits prospects to decrease their rate of interest for the preliminary mortgage time period on a brand new Miller home whereas proudly owning 100% of the property. It has been launched with nationwide lenders Virgin Money and Halifax
Since launching on 4 March, Miller Homes has seen rising curiosity within the scheme, which is open to anybody buying a brand new build home, offered they’ve a ten% deposit.
Anne Marie Britton, group gross sales and advertising and marketing director for Miller Homes, mentioned: “We are delighted with the preliminary response to our partnership with Own New and the curiosity it has generated amongst potential home patrons.
“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.”
Eliot Darcy, founding father of Own New, mentioned: “It’s great to see Own New Rate Reducer resonating so well with customers. Alongside the national lenders and housebuilders like Miller Homes who have signed up to the scheme, we believe that Own New Rate Reducer will be a significant boost to many people’s home-buying dreams.
“People can benefit from Rate Reducer whether they have a small or large deposit. For some people who already have equity in their home, it could herald the return of the sub-one per cent mortgage deal. By working together, we are increasing mortgage lending opportunities and bringing the possibility of owning a new-build home to wider range of buyers.”
