Buying with Prospect
Making the move just got a little easier
Buying a home is the biggest purchase many of us will ever make and the process can feel daunting. However, we can provide several buying options to help making the move into a brand new home easier than you may think.
Own New, pay less
At Prospect Homes, we are committed to helping you find the perfect home. As part of our Wiggle Room range of offers and incentives, 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 new home and enjoy a reduced interest rate for an initial period.
Why choose Own New Rate Reducer?
Lower initial interest rates
Enjoy reduced interest rates for the initial period of your mortgage, making your monthly payments more manageable.
Fixed rate security
Benefit from the stability of fixed interest rates, protecting you from market fluctuations.
Flexible terms
Choose from a range of mortgage terms to suit your financial situation and future plans.
Easy application process
Our streamlined application process ensures a hassle-free experience from start to finish.
How it works
Step 1 – Select your home
Simply choose from a selection of properties from any of our developments that qualify for Own New.
Step 2 – Mortgage advisor
Next, you will then be put in touch with an approved independent Own New mortgage broker who will help determine if Own New’s Rate Reducer is right for you.
Step 3 – Your very own new build
Once your mortgage is approved you can buy your new home. You will own your home 100% with a normal mortgage.
Step 4 – End of term
When your initial fixed term period ends, you will simply revert to the standard interest rate with your mortgage provider.
At Prospect Homes, we are committed to helping you find the perfect home. Our new Own New Rate Reducer Mortgage is designed to make homeownership more attainable and stress-free. Explore our developments today and take the first step towards owning your dream home with confidence.
Speak to one of our sales advisors for more information on how an Own New Rate Reducer can work for you.
