Unlock lower mortgage rates - reduce your monthly payments on your new Lovell home


Make your move more affordable with access to a lower rate mortgage through the Own New - Rate Reducer scheme with a 3% to 5% contribution from Lovell Homes.


Own New – Rate Reducer Scheme

Whether you are a first-time buyer or an existing homeowner, did you know that you could make buying a beautiful new Lovell home a reality with a reduced mortgage rate through the Own New – Rate Reducer Scheme?

Moving to an energy-efficient new Lovell Home could be more affordable than you’d imagined – lower rates mean lower payments and you still own 100% of your home.


How Own New – Rate Reducer works

Simply put, the scheme gives you access to a lower rate mortgages with lower monthly mortgage payments for an initial period of between 2 - 5 years, helping you to get on the property ladder or take your next step in home ownership.

Depending on the stage of build of your chosen new home, Lovell Homes could contribute either 3% or 5% of the purchase price to help get you moving.

This contribution goes directly to your mortgage lender through Own New. And you can look forward to reduced monthly mortgage payments for the first 2-5 years.

Talk to your Sales Executive to find out more about the Own New – Rate Reducer scheme and see if you could be eligible.

This scheme is one of many that we offer, find out more. Before making any decisions you should obtain independent mortgage advice.

Alternatively see which developments are offering Own New – Rate Reducer.


Own New - Rate Reducer Scheme Terms and Conditions

  • This offer is available on selected plots and developments only, subject to contract and status.
  • Upon completion, Lovell Homes will make a payment of 3% or 5% of the purchase price of the property to Own New. This will be forwarded to the relevant mortgage provider so that they can offer a subsidised mortgage rate for an agreed period.
  • Mortgage offers will be made at the lenders discretion and in line with their criteria and therefore this offer does not constitute a guarantee of a mortgage offer. 
  • Lovell Homes is not regulated by the FCA and offers no mortgage advice so customers must take advice from a regulated mortgage adviser before proceeding.
  • This scheme cannot be used in conjunction with any other Lovell Homes offer.
  • There is no cash alternative to the value of the offer.
  • We reserve the right to amend or withdraw an offer at any time prior to reservation. Please speak to our sales executives if you have any questions or queries regarding this offer.
  • All images are typical of Lovell Homes and are for illustrative purposes only. The specific properties shown may not form part of this offer. Please contact the development in which you are interested, for further details.
  • These terms do not affect your statutory rights.
  • For qualifying properties please refer to the development availability.

Own New 
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