Hill endorses Own New Rate Reducer that opens the door to lower mortgage rates

Published: 12:15, 18 October 2024

The Hill Group is endorsing a pioneering scheme that offers exclusive access to lower mortgage rates, making it easier and cheaper for buyers to secure their dream home.

With mortgage rates available below 1.49 per cent through the Own New Rate Reducer, buyers can reduce monthly payments for the first two years.

In Cambridge, where house prices have surged by 80 per cent since 2007, the market can feel out of reach for many – and Hill aims to change that. Designed to ease the burden for those looking to purchase a new home, the scheme gives access to lower interest rates from lenders. Customers could save up to £985 per month on mortgage payments through Own New, based on market interest rates, a house price of £734,950, mortgage term of 35 years, assuming a 5 per cent homebuilder incentive and a two-year fix with a 75 per cent LTV mortgage.

This offer applies to a selection of Hill’s homes in sought-after locations in Cambridge and the surrounding area.

At Farehurst Park in Fulbourn, buyers can choose from a collection of spacious two, three, four, and five-bedroom homes. Ideal for a range of lifestyles, these homes feature sleek designs, maximising natural light and ambience, and are set within seven acres of open green space with play areas and a pond. Offering easy access to the city, and science and business parks, the development has many nearby amenities including schools, a café and a bakery, making it ideal for families and professionals alike.

Marleigh offers a diverse selection of houses and apartments, integrated with convenient amenities such as a Co-op supermarket for all your essentials, R3FORM pilates studio for wellness and fitness, and a restaurant for a taste of local flavours. Families are well-catered for with the Marleigh Primary Academy school, ensuring quality education close to home, and the Monkey Puzzle nursery.

Beyond Cambridge, the Own New scheme extends to other flagship developments. Located in Newport, Essex, Hollymead Square is the largest Zero Bills development in the UK to date and has been designed in partnership with Octopus Energy. This ground-breaking collection of homes, comprising two, three, four and five-bedroom houses and two-bedroom bungalows, transforms the way energy is consumed and means residents are guaranteed no energy bills for at least five years. Located just a six-minute walk from Newport train station, selected homes offer views overlooking green space.

Nearby, Chesterford Meadows is situated in the centre of Great Chesterford. These three, four and five-bedroom homes offer an aspirational lifestyle surrounded by green countryside. The village train station is a 10-minute walk away, offers services to the centre of Cambridge in just 15 minutes and central London in just over an hour.

For more information on Own New and starting prices for all Hill developments, visit hill.co.uk/own-new or call 020 8527 1400.