two people walking a dog on a paved path in front of a modern new build home

Own New

Own New could help you secure lower interest rates and monthly payments.

How does Own New help?

Own New helps you move into your dream Persimmon home with lower mortgage rates. We've partnered with Own New to offer a simple, more affordable way to buy your home.

What does that mean exactly?

We're using our financial incentive to directly reduce the cost of your mortgage. Instead of a standard discount, we're contributing these funds to the lender through the Own New platform, which is then used to significantly lower your mortgage interest rate for the initial fixed term.

Ultimately, this partnership allows you to leverage our contribution to secure cheaper monthly payments, boost your deposit, or receive cashback, making buying your new Persimmon home much more financially accessible.

Your dream home could be more affordable than you think...

We're using our financial incentive to directly reduce the cost of your mortgage. Instead of a standard discount, we're contributing these funds to the lender through the Own New platform, which is then used to significantly lower your mortgage interest rate for the initial fixed term.

Ultimately, this partnership allows you to leverage our contribution to secure cheaper monthly payments, boost your deposit, or receive cashback, making buying your new Persimmon home much more financially accessible.

Who can benefit?

It's available to both first-time buyers and home movers purchasing a Persimmon home.

Two ways to Own New

There are two Own New products to choose from, depending on your needs:

Own New Rate Reducer: Uses a 5% builder incentive to give you the largest possible rate reduction, maximizing your monthly savings.

Own New Flex: Uses a 3% builder incentive to reduce your mortgage rate, which can be paired with other builder incentives (like deposit contributions or stamp duty help) where available.

Talk to a sales advisor about what products and incentives are available on your chosen plot!

Want to step onto the property ladder, but worried about mortgage affordability?

Own New Rate Reducer could be the solution. Available on select Persimmon developments, Rate Reducer is the hassle-free way to get an affordable mortgage, with reduced interest rates for your initial fixed term of 2 or 5 years.

In this video, Sarah Tucker of ‪@themortgagemum60‬ speaks to first time buyers Hollie and Ross about their dreams of homeownership, and how the Own New Rate Reducer scheme could help them afford the Persimmon home they love.

How do I get started?

Step 1: Speak to our sales team to find your dream home and confirm which Own New incentives are available on your plot.

Step 2: Obtain a Letter of Approval from us.

Step 3: Give this letter to an approved Own New broker who will discuss your affordability and handle the rest of the application process.

Step 4: Complete your purchase, and move in!

Own New scheme

Hear from Oliver Pearce, Founder of James Layton Financial Services, about how Own New is designed for people that are looking for a lower monthly payment.

Find your new home with Own New