Discover Our New Low Cost Mortgage Option With Own New

How Does It Work?

Own New offers reduced interest rate mortgages for new build homes, making it more cost-effective to buy than rent.

You can purchase a new home at London Dock with the Own New Rate Reducer product with a deposit amount of 20% and a lower rate reducer mortgage of up to 80% loan-to-value (LTV). It’s a hassle-free way to make your beautiful new home a reality! [1]

Example

Purchase Price  £735,000
Purchase Deposit (20%)  £147,000
LTV Mortgage   £588,000
Monthly Mortgage Repayments   £2,102
Comparable Estimated Monthly Rental   £2,700 [2]
Monthly Saving   £598

Based on 2 year fix with an Own New Rate Reducer of 2.5%.

A Guide to Own New

Silkstream - Own New - Step 1

Step 1

Find your new Berkeley Group home.

Silkstream - Own New - Step 2

Step 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].

Silkstream - Own New - Step 3

Step 3

Exchange with a valid mortgage offer and a minimum 20% deposit within six weeks of the reservation [1].

Silkstream - Own New - Step 4

Step 4

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

Silkstream - Own New - Step 5

Step 5

You’re ready to move in.

London skyline with London Dock highlighted

How Will It Help Me?

  • Buy your dream home at London Dock and move in this summer
  • Access lower interest rate mortgages for a fixed period [1]
  • You'll own 100% of your new home 
  • Own New is open to first-time buyers, as well as those who are already homeowners

Discover London Dock

 

Brochures

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Own New Brochure

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Disclaimers

[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. Monthly mortgage repayments are based on buying a Manhattan Berkeley Group apartment with a purchase price of £735,000. Prices and mortgage rates are correct at time of send.
[2] Source: Benham & Reeves

Where applicable, images, CGIs and photography are indicative only.
Site Plans / Site Maps are indicative only and subject to change [and subject to planning]. In line with our policy of continuous improvement, we reserve the right to alter the layout, building style, landscaping and specification at any time without notice.
Your attention is drawn to the fact that in rare circumstances it may not be possible to obtain the exact products or materials referred to in the specification. Berkeley Group plc reserves the right to alter, amend or update the specification, which may include changes in the colour, material and / or brand specified. In such cases, a similar alternative will be provided. Berkeley Group plc reserves the right to make these changes as required. A number of choices and options are available to personalise your home. Choices and options are subject to timeframes, availability and change.
Floorplans shown are for approximate measurements only. Exact layouts and sizes may vary. All measurements may vary within a tolerance of 5%. The dimensions are not intended to be used for carpet sizes, appliance sizes or items of furniture.
Maps are not to scale and show approximate locations only.
All distances or journey / travel times are approximate and may not be direct. Where applicable, times have been established using relevant sources (maps.google.co.uk/nationalrail.co.uk).