Own New partners with Gable Mortgages to offer a zero-deposit mortgage option exclusively on selected Barratt Redrow new-build developments.
Financing platform Own New has partnered with Gable Mortgages to launch a zero-deposit mortgage product targeted specifically at buyers purchasing new-build properties. The scheme is initially launching across select residential developments built by Barratt Redrow, marking a renewed push into high-loan-to-value lending within the British housebuilding sector.
The product aims to help eligible prospective homeowners bypass the substantial upfront capital requirements that typically hinder entry into the housing market. By structuring mortgage lending to cover the full purchase price on designated plots, the partnership seeks to stimulate buyer demand and maintain sales rates for major volume housebuilders amidst challenging broader economic conditions.
What does this mean for a UK tradesperson or DIYer actually buying this kit — does it change what they should pay, buy, or watch out for?
While this is a financial product rather than a site tool, trade contractors working alongside major developers like Barratt Redrow should monitor these financing initiatives closely. Any scheme that successfully unblocks buyer affordability directly supports continuous site build rates, securing steady workflow for sub-contracted electricians, plumbers, joiners, and bricklayers. Sub-contractors evaluating regional workloads can view developments offering these specialized incentives as higher-volume sites with more reliable completion schedules.
Reported by Housebuilder & Developer — original article
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