Own New | Rate Reducer

Couple in kitchen drinking wine in new build home at Knights Park

Own New | Rate Reducer

Make your next move more affordable - with access to lower mortgage rates and reduced monthly payments on a wide range of Hill homes.

What is the Own New | Rate Reducer?

Own New | Rate Reducer is an incentive that helps homebuyers access interest rates as low as under 2%* when purchasing a new Hill home. We pay lenders a percentage of your purchase price, lowering your interest rate and your monthly repayments during an initial fixed period.

  • Access to below-market mortgage rates
  • Lower monthly repayments in the first mortgage term
  • You own 100% of your home from day one

Get in touch for information on eligible homes

* 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 | Rate Reducer work?

The incentive works to help make your mortgage more affordable, without the complexity.

  1. Choose your new Hill home: Select from our high quality new build homes
  2. Speak to our sales team: We’ll explain how the incentive works and introduce you to an approved mortgage broker
  3. Access a lower-rate mortgage: Hill contributes towards your purchase price, helping secure a lower initial interest rate

Who is the Own New | Rate Reducer for?

  • Couple eating pizza on a sofa in new build home at Knights Park
    First-time buyers

    Get on the ladder sooner with reduced rates and lower upfront costs.

  • Young family with three children in the garden of their home at Canalside Quarter
    Home movers

    Already own your home? This incentive could help reduce repayments on your next move.

  • Older couple in their sunny garden at Canalside Quarter development
    Buyers who want choice

    With no shared ownership, you buy the home you really want, with a mortgage that works for you.

Take the first step

For expert help finding your perfect home, complete the form and our friendly team will reach out to you.

Get in touch
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