Rate Reducer

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.
On selected homes, it could mean lower mortgage rates and reduced monthly payments, whether you’re a first time buyer or an existing homeowner*

three easy steps

find an eligible new captiva home you love

Dependant on the build stage of selected homes, we could contribute either 3% or 5% of the purchase price towards your move*

speak with our own new approved mortgage brokers

Speak to our team who will put you in touch with a New Homes Mortgage Adviser to see if you could be eligible

own 100% of your brand new home for less

The scheme works behind the scenes and you’ll have a normal mortgage and own 100% of your home

lower your mortage rate by up to 3.98%*

Reduced rates & Smaller deposits

  • Dependent on the build stage of selected home, we could contribute either 3% or 5% of the purchase price towards your move*
  • The contribution goes directly to your mortgage lender (through the 3rd party Own New)
  • You could reduce your mortgage interest rate by up to 3.98%*
  • And could save on your monthly mortgage payments in the first 2-5 years

How much  can YOU save?

*Example savings are based on an average Captiva Home price of £321,995 with a 2-year fixed term.

10% deposit


Save £290 a month

For the initial period with Own New you could access a mortgage rate of below 4.08% interest rate with a 3% incentive from Captiva on a 35-year term*

40% deposit


Save £389 a month

For the initial period with Own New you could access a mortgage rate of below 1% interest rate with a 5% incentive from Captiva on a 25-year term*


Who’s eligible to use Own New’s service? And how does it work?

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.

What properties is Rate Reducer available on?
Rate reducer is available on selected plots only. Please speak to our Captiva Homes team for information on which properties offer the scheme and at which levels.

Is it possible to combine Rate Reducer and Deposit Drop?
It’s not currently possible to combine the two mortgage products.

Who will my mortgage be with?

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.

How do I get started? How do I access this service?
Once you’ve found one of our properties you love, your local sales rep can recommend an Own New approved broker who will guide you through the mortgage application process.


  • Lower Payments
  • Sub 4% interest rates
  • Own 100% of your property


It’s a regular mortgage, just with lower monthly payments for the initial period. Own New’s Rate Reducer makes your beautiful new home a reduced rate reality.


Captiva Homes will make a cash payment after completion of 3% or 5% of the purchase price of the property to Own New, which will be passed on the relevant participating lender so that they can offer a mortgage product at a rate that is subsidised from their usual product range.

This offer is available on selected plots only – Sales Advisers will advise customers of eligible plots and of the percentage level available on those selected plots. Terms and Conditions apply.

Mortgage offers will be made at the lenders discretion and in line with their criteria and therefore this offer does not constitute a guarantee of a mortgage offer.

Captiva Homes is not regulated by the FCA and offers no mortgage advice so customers must take advice from a regulated mortgage adviser before proceeding.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. *Terms and conditions apply. ‘We’, ‘our’, ‘us’ refers to Captiva Homes Limited. Prices are correct at the time of publishing. Images may include optional upgrades at additional cost. Following withdrawal or termination of any offer, We reserve the right to extend, reintroduce or amend any such offer as we see fit at any time.

Any promoted offer is subject to contract and status. All schemes and offers are on selected plots only and are subject to availability. The offers advertised cannot be used in conjunction with any other offer on the same plot unless expressly stated otherwise. Prices and details are correct at time of going to press. All images are typical of Captiva Homes and are for illustrative purposes only. Please contact the development in which you are interested for further details.

Captiva Homes reserve the right to withdraw or alter any of these offers at any time prior to the payment of a reservation fee.

Captiva Homes will not be liable for the refusal of a mortgage based on the borrower’s individual circumstances which leads to the loss of any reservation fee.

If you require a mortgage, you are strongly advised to obtain advice from a regulated adviser.