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Get in touch with our Sales team to find your dream home (the scheme is only available on selected Legal & General homes).
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Own New with Legal & General Homes
Own New: the simpler way to buy a new Legal & General home
What is Own New?
We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.
The main benefits are:
- Reduced interest rates
- Own 100% of your home
- Employed or self-employed
- Available for houses or flats
Own New's Rate Reducer scheme is also available to first-time buyers and home movers alike.
Where do I start with Own New?
Arrange your mortgage with one of our approved Own New mortgage brokers
We will put you in touch with an approved Own New mortgage broker who can talk you through the mortgage process.
They’ll help you determine if Own New's Rate Reducer is right for you
Your Mortgage Broker or Independent Financial Adviser will then advise you on the participating mortgage lenders and take you through the process of applying for a mortgage. We cannot guarantee that the lender will accept your application.
Own 100% of your new home
If your mortgage application is successful, you can reserve your Legal & General home and you’re one step closer to your new home.
Rate Reducer
Tackle the cost of living crisis with a reduced rate mortgage
- Lower payments
- Sub 4% interest rates
- Own 100% of your home
It's a regular mortgage, just with lower monthly payments for the initial period. Own New's Rate Reducer makes your new Legal & General home a reduced rate reality.
Own New - Frequently Asked Questions
This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with 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.
Please speak to your local sales consultant for information on which properties offer the Own New scheme.
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.
Once you’ve found one of our properties you love, your local sales consultant can recommend an Own New approved broker who will guide you through the mortgage application process.
Terms & conditions
[“We” refers to the Cala Group, which includes Cala Homes and Legal & General Homes.]
Own New’s Rate Reducer scheme is available on selected plots at selected Legal & General Homes developments only and may be time limited.
The Rate Reducer amount will be agreed prior to reservation between you and the Sales Consultant at the relevant Legal & General Homes development. This will include a Legal & General Homes contribution of either 3% or 5% of the purchase price of your new home which will be passed directly to the lender, reducing your mortgage interest rate.
Please contact the Sales Consultant at your chosen development who will be able to confirm whether it is a participating development and for details of the applicable plots, the latest reservation date and legal completion date to which this scheme may apply.
This scheme is not available in conjunction with any other incentive, unless given at the sole discretion of Legal & General Homes. Legal & General Homes withholds the right to withdraw or alter its participation in this scheme at any time prior to your payment of the reservation fee.
