Become a homeowner with lower interest rate mortgages for a fixed period, meaning it’s cheaper to buy than rent with monthly mortgage repayments from £969. [1] You can purchase a new home with the Own New Rate Reducer with a deposit amount from 20%, with a Rate Reducer Mortgage of up to 80% loan-to-value (LTV), you could secure the financing you need to make your dream luxury home a reality. [1] 1 & 2 bedroom homes are available, with a selection ready to move into now. Live the riverside life.