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The 95% mortgage scheme for new-build homes with flexible lending criteria.
Following the end of the Help to Buy scheme, the Own New scheme* allows you to own 100% of your new home with as little as a 5% deposit, whether you are a first-time buyer or looking to buy again.
With an Own New mortgage, you are assessed based on your ability to make repayments, meaning you can still be accepted for a standard mortgage with no regional price caps, even if:
Own New is a mortgage scheme supplying 95% mortgages to new-build houses and apartments, currently available on selected Bellway homes across Durham.
Made with customers in mind, the scheme is designed to offer more affordable mortgages to a wider range of people, no matter your circumstances.
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Ask one of our sales advisors at your chosen development whether Own New is available
Our sales advisors will be available to answer any questions you may have.
Check your eligibility and fill in a simple form
Move into your brand new Bellway home with just a 5% deposit
“The whole process was very positive and Bellway have shown us just how reliable a housebuilder can be – they’re fantastic.”Find my home
Browse our website for your ideal Bellway Durham home and speak with one of our friendly sales advisors. You can apply for a normal mortgage through the lender’s usual process, with no additional cost to you.
No, the scheme is available to both first-time buyers and existing homeowners.
Darlington Building Society are currently our nominated lender for the Own New scheme, applicable to homes within our Durham division.
Yes, a 95% mortgage is available to anyone with a deposit of at least 5%, but less than 10%.
There is one small and simple addition to the normal process. A “Letter of Acknowledgement” must be sent from the developer to the buyer and broker, to be passed to the lender, before a mortgage offer can be made. Our sales advisor can arrange this for you.
The Own New scheme is available on new homes, subject to terms and conditions, with a minimum of 5% deposit required. Please contact our sales advisors for any further information.
Take advantage of our part-exchange scheme – the stress-free way to move home.
All you need when it comes to finding your new home
*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.
