Whether you are a first time buyer or an existing homeowner, you can own 100% of your new home with lower monthly mortgage payments with Own New Rate Reducer.

When you buy a new Nicholas King Home, we contribute 3% of the purchase price which goes directly to your mortgage lender, via Own New. 

This means you benefit from the reduction off your monthly mortgage interest payments for the first 2 years saving you thousands.

How it works

Nicholas King Homes works with Own New and a team of dedicated lenders to see if the reduced rate mortgage on our homes is the right solution for you. You will own 100% of your new home with a normal mortgage and have reduced monthly payments

Here's a breakdown of how it works:

• Select a Nicholas King Home that you'd like to buy. We have a range of new homes in the South of England, including developments in Surrey. This includes new homes in Camberley and Cranleigh. 
• Arrange your mortgage with an approved Own New broker. (Nicholas King Homes Sales Executives can provide details).
• If you move forward, you'll own 100% of your home regardless of the mortgage rate reduction, and you even pay off more capital because of the lower rate.

Example and T's & C's

The Own New Rate Reducer is available on selected homes and is not available in conjunction with any other scheme, and may be withdrawn at any time.