Own your home with one of our homebuying schemes

1. Own New - Rate Reducer 

What is Own New – Rate Reducer?

If you’re eligible for this scheme, you could get lower mortgage rates and reduced monthly payments. It’s open to first-time buyers and existing homeowners.

How does the Own New – Rate Reducer scheme work? 

Depending on the building stage of your chosen home, we could contribute between 3% and 5% of the purchase price. This payment goes directly to your mortgage lender via the third-party Own New. 

This scheme could benefit you if you’re hoping to reduce your mortgage’s interest rate and save on your monthly mortgage payments for up to five years. 

2. Movemaker

What is Movemaker?
If you buy a Barratt home, we can help you sell your existing property and pay your estate agent fees.

How does our Movemaker scheme work?
Following two independent valuations of your existing home, we’ll agree on a selling price with you. We will then instruct an estate agent to sell your property and pay their fees. When an acceptable offer is made, they will see the sale through to completion.

3. Part Exchange 

What is Part Exchange?
To take the stress out of selling your old home, we could become your guaranteed buyer – enabling you to own your Barratt home quicker, with no estate agent fees and no chain.

How does our Part Exchange scheme work?
Once you’ve chosen your Barratt home, we’ll independently value your current house. We’ll then agree on a fair price with you, and once you accept this formal offer, we’ll buy your house in Part Exchange for your new one.

4. Part Exchange Xtra

What is Part Exchange Xtra?
We’ll work with an estate agent to sell your house and even pay their fees. Then, if you don’t find a buyer in time on the open market, we could purchase it – so you can get moving and own your home quicker.

How does our Part Exchange Xtra scheme work?
After two independent valuations on your current home, we’ll agree on a selling price with you. We’ll then instruct an estate agent who will handle all the viewings and enquiries. If your home doesn’t sell within eight to ten weeks, we could buy it from you at an agreed and fair value.

5. Deposit Boost 

What is Deposit Boost?

If you have a 10% deposit, we could boost it by an additional 5% of the sale price, giving you a 15% deposit in total. This way, you'll be able to borrow less from the lender and secure a more competitive mortgage rate. This scheme is available for first-time buyers and existing homeowners.

How does our Deposit Boost scheme work?

If you’re purchasing a £150,000 home and you already have a 10% deposit (£15,000), we can boost it by 5% of the sale price (£7,500). Your total deposit is now £22,500.

These are just some of the schemes that could help you own your home. Explore our full range of homebuying schemes to find out more. 

For information about government-backed schemes, such as Right to Buy or mortgage guarantee schemes, visit ownyourhome.gov.uk.

Ready to find your new home? Discover our 2, 3, 4 and 5 bedroom properties across the UK, perfect for first-time buyers and growing families. We also have a fantastic range of offers to help you get moving. 

Call or visit our Sales Advisers today to start your homebuying journey.