Own New enables access to low deposit mortgages

People looking to purchase a new build home with participating builders in Darlington Building Society’s local operating area* will be able to apply for the mortgage.

The Own New scheme is open to both first-time buyers and those purchasing their next home, as well as higher-value properties and apartments.

More than 60 homebuilders across the country have signed up to offer Own New as it expands nationwide. Those already signed up across Darlington Building Society’s operating area include:

  • Barratt Homes
  • Persimmon
  • Bellway
  • Homes by Esh
  • Story Homes
  • Port Homes
  • Amethyst
  • Dere Street and;
  • David Wilson Homes.

Own New is funded by housebuilders, who pay a small fee on completion of the sale and there is no cost to the homebuyer. You will simply apply for a standard mortgage via a mortgage broker and own 100 per cent of your home.

For more information on the Own New scheme, and to see a list of new home builders already signed up, visit OwnNew.co.uk.