Deposit Unlock

Buy your home with just a 5% deposit

For many people, just getting a foot on the property ladder can seem like a step too far. Now, thanks to our Deposit Unlock scheme, people have the extra help they need to buy a home.

What is Deposit Unlock?

Deposit Unlock is a scheme developed by mortgage lenders and homebuilders that enables people to buy a new home with a 5% deposit. Buyers can then access low deposit mortgages at competitive interest rates for the remaining 95%.

How does Deposit Unlock work?

Usually, lenders take out insurance on riskier mortgages, like those for first-time buyers with a small deposit. However, the Home Builders Federation and its members have created a housebuilder-owned insurance scheme that allows them to offer lenders 35% protection on mortgages. With builders now covering so much of that insurance cost, lenders can offer certain borrowers larger mortgages.

What are the benefits of Deposit Unlock?

Apart from being able to buy your home with just a 5% deposit, here are the other big benefits:

It’s available to both first-time buyers and home movers

There’s no upper limit on your household income

You get an insurance-backed guarantee, allowing you to access competitive rates

The scheme is available now and continues after Help to Buy: Equity Loan finishes

You own 100% of the property


Mortgage Calculator

Our easy-to-use, free online mortgage calculator is perfect for anyone who is interested to find out how much their monthly mortgage repayments might be.

Calculate now

Calculate your Stamp Duty

Use our handy calculator to work out how much Stamp Duty you'll pay on your new home.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Deposit Unlock cannot be used with any other financial incentive and is only available on selected plots on selected developments.

Subject to eligibility, terms and conditions. The exact eligibility requirements may vary based on the lender's criteria.

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