Buy a New Build with Own New

Home / Mortgages / Buy a New Build with Own New

Call us on 0808 231 1073, Lines open 24 hours, 7 days a week

We’re 100% Independent!

Buy a New Build

Flagstone have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a selective new build property. You get a normal mortgage and own 100% of your home.


Buy a new build

Reduced rates & Smaller deposits

• Reduced interest rates1
• Buy with a 5% deposit2
• Own 100% of your home
• Employed or self-employed
• Available for selective houses or flats

Speak to one of our experts today to discover how you can purchase a new build property.

How it works

1. Find one of the Own New properties you love
2. Arrange your mortgage with one of our approved Own New mortgage brokers
3. They’ll help you determine if Own New’s Rate Reducer or Deposit Drop is right for you
4. Own 100% of your new home

Two amazing products

Rate Reducer – Reduce your interest rate by up to 4% with Rate Reducer

Deposit Drop – Get on the property ladder faster – only 5% deposit needed with Deposit Drop

Own New Rate Reducer

Tackle the cost of living crisis with a reduced rate mortgage

• Lower Payments
• Sub 4% interest rates
• Own 100% of your property

It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality.

Own New Deposit Drop

Buy sooner with reduced deposit mortgages and competitive rates

• 5% deposit
• Great interest rates
• Own 100% of your property

No need for a large deposit or to turn to the bank of mum and dad. Own New’s Deposit Drop gets you into your beautiful new home faster.

Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments.OTHER HOME BUILDER INCENTIVES MAY BE AVAILABLE.

1 The quoted interest rate is applicable for the initial term of the mortgage. 

2 The Own New Deposit Drop scheme is currently only available via Darlington Building Society and applies to restricted post code areas.


  • Who’s eligible to use Own New’s service? And how does it work?

    This scheme is open to anyone purchasing a selective new build property including first time buyers and home movers. Own New works with selective home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.

  • What properties are Rate Reducer and Deposit Drop available on?

    Please speak to your local Flagstone Representative for information on which properties offer the Own New scheme.

  • Is it possible to combine Rate Reducer and Deposit Drop?

    It’s not currently possible to combine the two mortgage products.

  • Who will my mortgage be with?

    Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.

  • How do I get started? How do I access this service?

    Once you’ve found one of our properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.