Own New Rate Reducer
Own New Scheme: Helping You Move Easier
Buying a new home doesn’t have to feel out of reach. The Sky-House Own New Scheme offers reduced mortgage rates and lower monthly payments, designed to help you move into your new-build home with greater confidence and affordability. Typically, developer deposit contributions range between 3% and 5% of the purchase price, giving you a helpful financial boost as you take your next step.
Find a Sky-House Neighbourhood
We can still help make your move more affordable
Speak to Our TeamHow Does the Scheme Work?
The Own New Scheme works through a partnership between developers, lenders, and approved mortgage brokers. When you buy a new-build home, the developer contributes a portion of your deposit (usually between 3% and 5%) directly to your mortgage lender via a third party. This contribution enables lenders to reduce your mortgage interest rate for an initial fixed period, typically between two and five years.
Because of this reduced interest rate, your monthly mortgage payments are significantly lower during the fixed term, helping you ease into homeownership with less financial pressure. After this initial period, your mortgage continues at the lender’s standard rate, but the early savings can make a big difference to your budget.
Who Is Eligible?
The Own New Scheme is available to both first-time buyers and existing homeowners purchasing a new-build property from a Sky-House partner developer. It is not a shared ownership scheme — you own 100% of your home from day one, with no complicated leasehold terms or shared equity arrangements.
To find out if you qualify, simply speak to one of our friendly sales advisors. They will connect you with an approved New Homes Mortgage Adviser who can assess your eligibility and guide you through the application process. Independent financial advice is always recommended before making any mortgage decisions.
Benefits of the Own New Scheme
One of the biggest advantages of Own New is the deposit top-up. By adding up to 5% of your home’s purchase price to your deposit, the scheme helps reduce the amount you need to borrow. This means lenders can offer you a lower interest rate than usual, saving you money on your monthly mortgage repayments during the initial fixed period.
You also get peace of mind knowing you own 100% of your home from the start, without any shared ownership restrictions. Plus, with expert mortgage advice and support every step of the way, you can move into your Sky-House home feeling confident and financially secure.
Ready to Make Your Move?
If you’re ready to explore how the Own New Scheme can work for you, contact our sales team today. They’ll help you find the perfect Sky-House home and connect you with a mortgage specialist who can explain your options in detail.
Moving into a new-build home is easier than you think with Own New. Take the first step towards your dream home and enjoy lower monthly payments, a boosted deposit, and full ownership from day one.
Why Choose Sky-House?
At Sky-House, we believe everyone deserves a beautiful, sustainable home. Our Own New Scheme reflects this commitment by making new homes more accessible and affordable for buyers. We combine innovative building techniques with eco-friendly features, ensuring your new home is future-ready and comfortable.
When you choose Sky-House, you’re not just buying a property — you’re joining a thriving community built around quality, sustainability, and great design. Let us help you make your dream home a reality with the support and expertise you deserve.
Choosing a Sky House really was the best decision. My Sky House is completely different to all new build homes and that's why I love it. Hassle free with all the extra details. Of course, the economic values are great but the roof terrace is the perfect touch and my favourite part.
I love the sense of space and light. I like how every part of the house has a purpose and feels different in its own right. I think one of my favourite spaces is the landing. It could easily have just been an after thought - but I like that it feels like an extra little room to sit and read or just chill in.
The houses are lovely and much higher quality finish than other new build homes.
I love the design of my new house and all its features. You definitely create attractive modern housing.
Nice developments that stand out from the usual new build sites.
Ready to be part of a Sky House
community?
Get in touch
