Access lower rate mortgages with Own New
We have partnered with Own New to enable you to access lower-rate mortgages when you buy your new Hill home.
Whether you are a first-time buyer or an existing homeowner, moving to an energy-efficient new Hill home could be more affordable than you imagined, lower rates mean lower payments, and you still own 100% of your home.
*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 75%. Savings made in the initial fixed period. 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 payments. Rates valid as of 04-03-2025
How does Own New work?
Own New works behind the scenes with housebuilders and lenders to reduce the overall cost involved with mortgage loans on new-build properties.
Depending on your circumstances and the stage of your chosen new home, Hill contributes either 3% or 5% of the purchase price. This contribution goes directly to your mortgage lender, enabling them to offer you a significantly subsidized interest rate during the initial 2- or 5-year period of your mortgage.
Your independent broker will help you choose between two flexible options:
Own New Rate Reducer (5% contribution): Maximizes your monthly savings by giving you the lowest possible interest rate.
Own New Flex (3% contribution): Lowers your rate, whilst giving you the flexibility to use other Hill incentives at the same time.
How to buy with the scheme
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Find your ideal new homeExplore our range of Hill homes in fantastic locations across the country.
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Talk to usSpeak to your Hill sales consultant about using Own New.
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Get independent adviceWe will put you in touch with an approved new-build mortgage broker to guide you through the process and find the best product for you.
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Complete the processComplete your mortgage application and buying process as normal.
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Move inYou own 100% of your new build home!
What's great about the scheme?
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Access to better ratesGet access to mortgages with lower interest rates and reduced monthly payments during the initial fixed period.
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Zero hidden fees
There are absolutely no fees or charges to use the Own New scheme.
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Own 100%It is a standard mortgage, meaning you will own 100% of the home from day one.
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Not just for first time buyersOpen to both first-time buyers and home movers.
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No price capsUnlike other new-build buying schemes, there are no price caps on the property you can purchase.
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Available on a range of propertiesHill offers a range of homes that suit the needs of buyers across all stages of their homeownership journey.
