Buy Your New Waterfront, Chatham Home With Lower Interest Rate Mortgages, for a Fixed Period, Enabling Lower Monthly Payments

What Does Own New Mean for Me?

Medway Development Company has always been passionate about building high-quality homes for everyone. Which is why we are excited that you can buy a Waterfront home with the Own New Rate Reducer scheme, a private scheme designed for owner-occupiers buying a new build home.

Own New Rate Reducer allows you to buy a new build home with lower interest rate mortgages, for a fixed period, enabling lower monthly payments. Whether you’re buying your first home, moving the family into a bigger home, or are looking to purchase a second home, Own New makes it easier to buy your dream home.

How Will It Help Me Buy a Home?

You can buy a Waterfront, Chatham home using Own New Rate Reducer giving you access to lower interest rate mortgages for a fixed period.

Buy the Waterfront home you dream of.

You’ll own 100% of your new home.

You don’t need to be a first time buyer, you can buy a Waterfront home with Own New Rate Reducer even if

you own a home and are looking to move.

How Does It Work?

1. Find your new home.

2. Within five days of making a reservation, receive a Letter of Acknowledgment and send it to your mortgage broker to apply for an Own New mortgage. [1]

3. Exchange with a valid mortgage offer and a minimum of 10% deposit for new build houses or 20% for new build apartments within six weeks of the reservations. [1]

4. Wait for the build of your new home to be complete.

5. Final step: you’re ready to move in.

[1] The terms and conditions of the Own New scheme can vary depending on personal circumstances. Please speak to an Independent Financial Adviser for further information.

Own New is an independent scheme operated by Money Market Limited (registration number: 10821229). Medway Development Company has not independently verified the information contained in this material and makes no representation as to its accuracy, completeness, or fitness for purpose. This communication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Medway Development Company. Please speak to an Independent Financial Advisor for further information.