Deposit Unlock: you could buy with just a 5% deposit
What is Deposit Unlock?
Deposit Unlock is devised in collaboration with lenders and the housebuilding industry.
The scheme enables first time buyers and existing homeowners to purchase a new-build home with a 5% deposit*, and is exclusively available on selected new-build homes.
It provides customers with competitively priced mortgage products up to £750,000 and makes buying a new home more affordable.
Find out more about the benefits and how to apply below.
What are the benefits?
- You can buy a new home with a 95% mortgage.
- The scheme allows customers to access a low deposit mortgage at competitive interest rates.
How do I apply?
- Search for a new home near you below and contact us today.
- We will then put you in touch with a specialist New Homes Mortgage Adviser who can help you arrange your mortgage using Deposit Unlock.
For more information on how the scheme works visit the Deposit Unlock website.
*Click here for the full terms and conditions.
Deposit Unlock FAQs
-
The Deposit Unlock scheme, exclusive to new build homes, is available if you're a first-time buyer or an existing homeowner. It means you could own a brand-new home in London, up to £750,000, with just a 5% deposit and 95% mortgage.
-
Deposit Unlock is open to first-time buyers and existing homeowners in England, Wales and Scotland.
-
Follow these easy steps to benefit from this 5% deposit scheme:
- Find your Barratt London home among our wide range of brand-new homes
- Get in touch with one of our Sales Advisers
- They’ll put you in contact with a New Homes Mortgage Adviser
- They'll help you arrange your mortgage using Deposit Unlock
-
The 5% deposit home scheme is available on selected new-build Barratt London homes up to £750,000.
You might also be interested in
Deposit Boost
If you have a 10% deposit, we could boost it with a further 5% of the purchase price.
Armed Forces Deposit Contribution
We're offering Britain's military servicemen and women special schemes to help them get on the property ladder.
Key Worker Deposit Contribution
As a thank you for the support provided to our communities, we are offering key workers a contribution towards their deposit.