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Get in touch with our Sales team to find your dream Cala home (the scheme is only available on selected Cala homes).
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Own New with Cala
An easier way to buy a new Cala home.
What is Own New's Rate Reducer?
We have partnered with Own New to bring you a simpler, hassle-free way to get an affordable mortgage on a new build property. You get a normal mortgage and own 100% of your home.
The main benefits of Own New's Rate Reducer Scheme are:
- Reduced interest rates
- Own 100% of your home
- Employed or self-employed
- Available for houses or flats
Own New's Rate Reducer scheme is also available to first-time buyers and home movers alike.
Rate Reducer
Tackle the cost of living crisis with a reduced rate mortgage
- Lower payments
- Sub 4% interest rates
- Own 100% of your home
It's a regular mortgage, just with lower monthly payments for the initial period. Own New's Rate Reducer makes your new Cala home a reduced rate reality.
Where do I start with Own New?
Arrange your mortgage with one of our approved Own New mortgage brokers
We will put you in touch with an approved Own New mortgage broker who can talk you through the mortgage process.
They’ll help you determine if Own New's Rate Reducer is right for you
Your Mortgage Broker or Independent Financial Adviser will then advise you on the participating mortgage lenders and take you through the process of applying for a mortgage. We cannot guarantee that the lender will accept your application.
Own 100% of your new home
If your mortgage application is successful, you can reserve your Cala home and you’re one step closer to your new home.
Own New - Frequently Asked Questions
This scheme is open to anyone purchasing a new build property including first time buyers and home movers. Own New works with home builders and lenders behind the scenes, taking a fee from the home builders and using this with the lender to reduce the interest on mortgage payments for the initial term.
Please speak to your local sales consultant for information on which properties offer the Own New scheme.
Your mortgage is directly with the lender. Own New is the platform that sits between your broker and the lender to ensure you get a great deal.
Once you’ve found one of our properties you love, your local sales consultant can recommend an Own New approved broker who will guide you through the mortgage application process.
Why buy a new home from Cala?
There’s nothing quite like moving into a brand-new home. From newly installed kitchens and bathrooms to the peace of mind of knowing that your property is safe, energy efficient and low maintenance.
What’s more, you’re buying a complete blank canvas on which to stamp your own individual style. Take a look at our top reasons to buy a new home below.
Less Maintenance
Individual Choice
Peace of Mind
A Blank Canvas
Energy Efficient
Location Location Location
Move Chain Free
Safe as Houses
A vibrant new community
Less Maintenance
Opting for a new build home means less maintenance and cost compared to older houses. Modern construction ensures durability, minimising the need for constant repairs. Enjoy a low-maintenance lifestyle and the peace of mind that your home is designed for longevity, freeing up your time and money for what matters most.
Purchase your home from a plan and tailor it to your own individual taste. Choose from a range of high-quality kitchens and bathrooms, with customisable styles, colors, and finishes that reflect your personal preferences.
Your new home is covered by an NHBC or similar industry-regulated insurance scheme covering the structural integrity of your new home from years three to 10.
The first two years of the warranty is provided by us. This means we take responsibility for fixing any quality issues during this period after you move in. We also provide you a 24-hour response service for emergency calls. We take personal pride in our customer service.
Peace of Mind Built In
Peace of Mind Built In
A new build home allows you to make it your own. When you move into a new home, there’s no need to live with other people’s decorating disasters! Your light, spacious and neutral interior is the perfect blank canvas on which to create a home to suit your individual taste and lifestyle.
Choosing a new home means embracing advanced energy efficiency. With superior insulation and modern energy-saving features, your new property outperforms older homes, ensuring not just comfort but also cost savings over time. Make a smart investment in a home that aligns with contemporary standards for sustainable living.
Tackle Energy Use
Tackle Energy Use
Prioritising prime locations, we meticulously select sustainable sites that offer convenient access to local schools, amenities, and robust transport links. Our focus on strategic placement ensures that your new home is not just a residence but a gateway to a well-connected and vibrant community. Choose the advantage of a location that complements your lifestyle while contributing to the long-term value of your investment.
Experience a chain-free move with our Part Exchange service. Say goodbye to the complications of being stuck in a chain, saving both time and money. Discover more about this hassle-free option and explore the convenience through our Part Exchange calculator.
Cala's up to 100% Part Exchange Service
Cala's up to 100% Part Exchange Service
Join a vibrant new community when you choose one of our developments. Whether showcasing modern or traditional architecture, our designs are crafted to nurture a strong sense of community. Experience the satisfaction of becoming a valued part of a neighborhood where connection and camaraderie thrive.
Own New Terms and Conditions
[“We” refers to the Cala Group, which includes Cala Homes and Legal & General Homes.]
Own New’s Rate Reducer scheme is available on selected plots at selected Cala/Legal & General Homes developments only and may be time limited.
The Rate Reducer amount will be agreed prior to reservation between you and the Sales Consultant at the relevant Cala/Legal & General Homes development. This will include a Cala contribution of either 3% or 5% of the purchase price of your new home which will be passed directly to the lender, reducing your mortgage interest rate.
Please contact the Sales Consultant at your chosen development who will be able to confirm whether it is a participating development and for details of the applicable plots, the latest reservation date and legal completion date to which this scheme may apply.
This scheme is not available in conjunction with any other incentive, unless given at the sole discretion of Cala. Cala withholds the right to withdraw or alter its participation in this scheme at any time prior to your payment of the reservation fee.
Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments.
