Developer Schemes

Own New is a private property finance company that works with mortgage lenders and more than 60 housebuilders (including Barratt Homes, Bellway, Persimmon, Taylor Wimpey, and Cala) to offer buyers significantly reduced mortgage interest rates during the initial fixed rate period. The developer contributes 3% or 5% of the purchase price to the lender, which uses this contribution to subsidise your mortgage rate for 2 or 5 years.

These are examples of rates reported in the press in August 2026, included to show the scale of the reduction rather than as available offers. Rates change constantly, vary by lender, deposit size and development, and are not a recommendation. Check current products with a qualified mortgage broker.

A subsidised rate is a genuine trade off, not a free lunch. Broadly, a rate reduction helps if your pressure point is the monthly payment. A price reduction or a cash deposit contribution helps more if your pressure point is finding cash up front, or if you plan to stay for the long term.

• The subsidised rate only lasts the initial two or five year fixed term. After that you revert to the lender's standard variable rate unless you remortgage, and repayments can jump sharply. Plan for that date from day one.
• New builds often carry a premium over comparable second hand homes. A well kept older property at a lower price can work out better overall, even without any incentive.
• The developer contribution goes to the lender, not to you. Ask what else the same developer would put on the table instead, such as a reduction in the purchase price or a cash contribution to your deposit.

• What is the total cost over five and ten years under the Rate Reducer route versus a standard mortgage on a lower purchase price?
• What would my payment be if I had to move to the standard variable rate at the end of the fixed period?
• Which lenders are available to me outside the scheme, and are their rates competitive once the incentive is stripped out?

• e.g. Berkeley Group offering to cover up to two years of local private school fees for families buying at its Trent Park development in Enfield, North London. Reported fees of up to £20,880 a year for children aged 11 and over, so up to around £41,760 over two years.
• e.g. the Urban Picturehouse development in Sidcup, just outside London, covering service charges of up to £7,500 for the first two years after purchase.

These offers vary by development, by plot and over time. Treat any figure you read as a starting point for a conversation, not a fixed entitlement. Always get the incentive confirmed in writing in your reservation paperwork and passed to your solicitor or conveyancer, and check whether accepting it rules out other incentives on the same plot.

With the Deposit Boost scheme, Barratt Homes tops up your 5% deposit with a further 5% of the sale price, giving you a 10% deposit in total. A larger deposit means you can access better mortgage rates and reduce your overall borrowing costs.

Best for: Buyers who have saved a 5% deposit and want to access the better mortgage rates that come with a 10% deposit. Available to all eligible purchasers, not just first-time buyers.

If family or friends are helping you with your deposit, Barratt Homes will match their contribution up to 5% of the purchase price. This is a separate scheme from Deposit Boost and is specifically designed for first-time buyers receiving financial support from family.

Best for: First-time buyers whose parents or family members are gifting money toward a deposit. The matched contribution effectively doubles the family's help (up to the cap).

Barratt Redrow offers a deposit contribution specifically for key workers purchasing a new build home. For every £20,000 of the purchase price, the developer contributes £1,000 toward your deposit, up to a maximum of £25,000. As of August 2025, the scheme has distributed over £63 million to key workers across the UK.

• NHS and healthcare workers (including pharmacists and NHS response workers)
• Teachers and education sector workers (including nursery workers)
• Police force
• Fire service
• Ministry of Defence personnel
• Local authority and council employees
• Social workers
• Environmental services
• National Highways, Transport Scotland, and Transport for Wales
• Probation and prison services
• RNLI
• Foster carers

Best for: Any key worker buying a new build home from Barratt Homes, David Wilson Homes, or Redrow. The contribution is particularly significant on higher value properties.

Barratt Homes offers serving military personnel a 5% deposit contribution toward a new build home, up to a maximum of £15,000. This can be used alongside the government's Forces Help to Buy scheme (gov.uk), which provides an interest free loan of up to 50% of salary (maximum £25,000) to help service personnel buy their first home.

Best for: Serving members of the armed forces looking to buy a new build home, particularly when combined with the Forces Help to Buy government loan.

The Rezide Equity Loan is a privately funded scheme created by Barratt Redrow and Persimmon, working with real estate asset manager QSix and FCA regulated mortgage lender Ahauz. It is positioned as a private sector replacement for the government's Help to Buy scheme, which closed in March 2023. You put down a 5% deposit, Rezide provides a 15% equity loan, and the remaining 80% is financed through a mortgage from Barclays or TSB.

Best for: Buyers who have a 5% deposit and want to access the better mortgage rates that come with an 80% LTV mortgage, and who can comfortably afford the additional 4% interest on the equity loan alongside their mortgage payments.

• What deposit do you have? If you have 5%, Deposit Boost and Rezide are both options. If your family is helping, Bank of Family may apply.
• Are you a key worker or in the armed forces? Check if your profession qualifies for the Key Worker or Armed Forces contribution first, as these provide direct deposit assistance.
• Can you afford two payments? Rezide requires mortgage payments plus 4% interest on the equity loan. Make sure your budget works for both.
• What matters more: lower monthly payments or lower total cost? Rate Reducer gives lower payments short term. A price reduction or deposit boost may save more overall.
• How long are you planning to stay? Rate Reducer benefits last 2 to 5 years. Rezide's equity loan interest is ongoing until you repay.

Most developer schemes cannot be used together on the same property. For example, you typically cannot combine Deposit Boost with another Barratt incentive on the same plot. However, some combinations may be possible: check with the developer's sales team and your mortgage broker for the specific options available on your chosen home.

Developer schemes are not always the best route. A standard mortgage on a second hand property will give you access to more lenders, potentially better rates, and a wider choice of homes. If you have time to save a larger deposit, or if the Bank of Mum and Dad can help directly, buying without a scheme may be cheaper overall. Always ask your mortgage broker to model the total cost of the scheme route versus the standard route.