Lower mortgage rates are here!
With the Own New Rate Reducer scheme, you can own 100% of your Cavanna home and save hundreds of pounds every month.
What is the Own New Rate Reducer scheme?
The Own New Rate Reducer is an innovative new scheme connecting Cavanna Homes buyers with leading mortgage lenders, opening the way for more accessible mortgages to more buyers and unlocking the key to your new Cavanna home.
How does the Own New Rate Reducer scheme work?
Cavanna Homes will provide either a 3% or a 5% financial contribution directly to your lender, unlocking a lower mortgage interest rate on a fixed two or five year mortgage, through the Own New Rate Reducer scheme. You will own 100% of your home with as little as a 5% deposit, providing up front savings and helping buyers with the cost of living.
You’re just a few steps away from your Cavanna home…
- Choose your dream Cavanna home. Speak to one of our Sales Advisors to
discover which homes are eligible for the scheme. - We will connect you with an approved Independent Financial Advisor. A
specialist will help you assess your eligibility and find the right mortgage for you. - Move forward with your purchase. Our team and advisors will guide you through
the purchase process. - Move in. Own 100% of your new Cavanna home.
How much could you save with the Own New Rate Reducer Scheme?
2-year fixed mortgages when borrowing £285,000
Save £403 a month with a 10% deposit.
For the initial period with Rate Reducer, you’ll have access to a mortgage rate of 2.76% interest rate with a 5% incentive from Cavanna Homes on a 40-year term.
Please note these are examples and should only be used as a guide.
5-year fixed mortgages when borrowing £285,000
Save £164 a month with a 10% deposit
For the initial period with Rate Reducer, you’ll have access to a mortgage rate of 4.16% interest rate with a 5% incentive from Cavanna Homes on a 40-year term.
Please note these are examples and should only be used as a guide.
Who is eligible for the Own New Rate Reducer scheme?
The scheme is open to:
First-time buyers
- Own 100% of your first home with as little as a 5% deposit
- Get onto the property ladder and benefit from lower monthly mortgage repayments
- Our Sales Advisors are on hand throughout the buying journey to help and guide you through.
Home Movers
- Move into a brand-new energy efficient home.
- Reduce your monthly mortgage repayments so that you can prioritise what matters to you.
- Enjoy a modern and stylish new home that’s ready to personalise from the moment you move in.
Terms & conditions apply, speak to a Sales Advisors for full information.
