Mortgage Rates below 1.89% available with Own New - Rate Reducer

We have Partnered with Own New Rate Reducer to offer lower mortgage rates

Exciting news - you can now secure a mortgage rate from below 1.89%* when you reserve your new Elan home. We have partnered with Own New to offer the Rate Reducer scheme!

Available exclusively on selected new-build homes, the new scheme is available for first-time buyers or existing homeowners. Allowing you to reduce your monthly mortgage payments for a two or five-year period.*

Own New Rate Reducer is just one of our many moving incentives, get in touch to find an offer perfect for you!

✔ Lower interest rates 

✔ Smaller monthly payments 

✔ Own 100% of your home

T&Cs apply: 
Elan 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 to the relevant participating lender so that they can offer a mortgage product at a rate that is subsidised from their usual product range. A minimum of 10% deposit at time of reservation must be available to be eligible for this scheme.

Elan Homes is not regulated by the FCA and offers no mortgage advice so customers must take advice from an approved Own New mortgage broker before proceeding. 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. This scheme is at Elan Homes discretion and subject to lender criteria and eligibility.

*1.89% assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and a LTV of 75%. Savings made in the initial fixed period. Rates valid as of 14/03/2024.