Buying a new home is easier with Own New.

Whether you’re buying a house or an apartment, Own New can provide access to mortgages of up to 95% with competitive rates.

The scheme is open to first-time buyers and people who have previously bought a home, including those purchasing higher-value properties.

You don’t need a large deposit or the ‘bank of mum and dad’ to fund your purchase, and you will own 100% of your new home.

When you apply for your Own New mortgage, you will be assessed based on your ability to make the repayments which means that, even if you are self-employed, have previously been furloughed or don’t yet have a credit rating, you can still be accepted for a standard mortgage.

Erris Homes has partnered with Own New to make 95% mortgages available to our customers. Speak to one of our sales advisors to find out more and start your homebuying journey with Erris Homes and Own New.

How it works

Own New plugs the gap left by the withdrawal of Help to Buy, bringing 95% mortgages to new-build houses and apartments anywhere in the UK.

Own New works with house-building companies, mortgage lenders and investment banks to reduce the risk for the lender, enabling better mortgages for new builds to a broader range of people.

The customer applies for a normal mortgage through the lender’s usual process. Own New reduces the lender’s risk behind the scenes, thereby facilitating these mortgages.

There is no cost to the homebuyer for using Own New. Housebuilders pay a fee on completion of the sale.

Own New is a service offered by Market Mortgage, which was founded with the intention of increasing access to high loan-to-value mortgages. Capita PLC has supported the development of Own New and is a major shareholder in Market Mortgage.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Terms and conditions apply. A minimum of 5% deposit is required. The Own New scheme is available with the purchase of a new home through participating developers only, subject to terms and conditions.