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.

Find your dream home

Where do I start with 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 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.


Learn about Own New Rate Reducer

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.

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