Darlington Building Society has launched a suite of five-year fixed-rate products under the Own New rate reducer scheme, offering up to 95% loan-to-value new build mortgages.  

Rates start from 4.19% and are aligned with developer incentive schemes, offering either a 3% or 5% contribution. 

The mutual says the home loans are available to a wide range of borrowers, including first-time buyers, skilled workers and those on visas. 

The Own New home ownership platform, supported by over 150 developers, gives borrowers access to new-build properties across the country — excluding London — with lower monthly repayments.   

The mutual says the new product range includes: 

• Five-year fix – Rate Reducer (3% incentive) at 4.49% 

• Five-year fix – Rate Reducer (5% incentive) at 4.19% 

Visa-specific options cover: 

• Five-year fix – Rate Reducer VISAs (3% incentive): 4.99% 

• Five-year fix – Rate Reducer VISAs (5% incentive): 4.69% 

The society does not apply a minimum income threshold for 95% LTV applications and places no requirement for a minimum period of UK residency, instead of relying on traditional credit scores.  

It adds that it will consider skilled worker visa holders with at least two years remaining on their visa, and spousal visa income is accepted where the joint applicant is a British national, or has indefinite leave to remain. 

Darlington Building Society head of intermediary distribution Chris Blewitt says: “Demand for new build homes remains strong, particularly among buyers facing barriers with mainstream lenders, and visa status is one of the most common reasons clients fall outside standard criteria.  

Own New founder Eliot Darcy adds: “Affordability remains one of the biggest barriers for buyers, especially as monthly costs stay high and interest rates remain well above historic norms.  

“Channelling housebuilder incentives into the mortgage itself, rather than upfront costs, means buyers can access lower monthly repayments from day one.”