Crest Nicholson partners with Own New to help Surrey homebuyers

The scheme, which is now available at its Cattleshall Court, Walton Court Gardens, Fernhurst and Westvale Park developments, is designed to make it easier for buyers of all kinds to access lower rate mortgages. ‘Rate Reducer’ sees Crest Nicholson contribute between 3% to 5% of the purchase price of an eligible new build home, giving buyers access to a regular mortgage, but at a reduced rate for the initial period of fixed interest.

Open to home movers and first-time buyers alike, the scheme is available on several homes at the popular Surrey developments, including the three bedroom “Seaton” house type, a great home built for families looking for a bit of extra space with its open plan kitchen space.

The scheme could lower a buyer’s mortgage rate by up to 3.19%, saving them as much as £731 per month on their payments and allowing them to save the additional funds or set more aside for purchases to help settle into their new property.

Accessible via selected lenders, interested buyers must be financially eligible and pay a minimum 10% deposit.

Eileen Guihen, Sales and Marketing Director and Deputy Managing Director at Crest Nicholson South said: “We are keen to do all we can to help people get on or move up the property ladder, as we help thousands of customers across Surrey to realise their home ownership dreams. We’re excited to be able to help more people in the county access high quality, energy efficient new homes through our launch of this scheme. We encourage anyone who is interested to get in touch with our friendly Sales team for more information.”

Eliot Darcy, founder of Own New, said: “Higher interest rates combined with high inflation and the resulting squeeze on household budgets have made it more difficult for people to purchase their next home. With the support of our house builder partners like Crest Nicholson, the Rate Reducer scheme is making it possible for buyers to purchase the home of their dreams, while keeping monthly mortgage repayments to a level they can afford.”

Rate Reducer is one of several initiatives provided by the local housebuilder to help buyers in Surrey move onto or up the property ladder.

Apartments are available at Catteshall Court and Walton Court Gardens from £294,950 and £329,950 respectively. At Fernhurst, Westvale Park and Catteshall Court, prices for houses start from £534,950, £399,950 and £574,950. For more information about the scheme, developments, or to book a viewing visit www.crestnicholson.com/towns-counties-new-homes/surrey