Deposit Unlock

The low deposit mortgage solution for new build homes. Move now with a 5% deposit.

Make your move a reality with the Deposit Unlock scheme.

Deposit Unlock is an innovative new scheme created to get more first-time buyers onto the property ladder and get existing buyers moving.

With just a 5% deposit, you can secure a new-build home up to the value of £330,000 on selected Ashberry developments and plots, excluding studios and 1-bedroom apartments. Better yet, it can even be used with Part Exchange, as well as our Express Mover scheme, designed to sell your home quicker with no estate agent fees for you to pay.

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How does the scheme work?

Deposit Unlock is a mortgage indemnity scheme which supports 95% Loan to Value (LTV) lending on new build properties in England.

It has been developed by the Home Builders Federation along with 17 of its home builder members and the scheme manager, Gallagher Re, to ensure that competitively-priced mortgages for low deposit new-build home buyers are available to support first and next-time buyers to own their own home.

Upon completion of home purchases offered as part of the scheme, the developer pays a percentage of the purchase price into an insurance policy. The policy reduces risk for the lender, protecting them from a proportion of the potential loss in the event of any lender loss as a result of default.

Find your Ashberry home

Ask one of our Sales Advisors at your chosen development whether Deposit Unlock is available.

Check out our other schemes

Discuss with our Sales Advisor whether you would like to also take advantage of our Home Exchange or Assisted Move schemes.

Speak to a specialist

We will put you in touch with a specialist New Build Mortgage Advisor to help arrange your Deposit Unlock application and mortgage.

Get your keys

Move into your brand new Ashberry home with just a 5% deposit.

Get started

The Ashberry staff have been so helpful and kept me informed throughout my journey. They are exceptional. Jonathan Kingston, Cherry Fields

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More information about Deposit Unlock

Where is it available?

Nationwide, Britain’s biggest building society and the Newcastle Building Society are both offering mortgage products under the scheme. Discussions are ongoing with a range of lenders to add more.

What homes can be bought under the scheme?

The scheme is exclusively for new-build homes with participating developers but excludes 1-bedroom flats and studios.

How is affordability calculated?

Each lender using the scheme will assess affordability in the normal way using their lending criteria, which includes consideration of income and outgoings, as well as an assessment of future changes that might have an impact on a borrower’s ability to pay a mortgage.

How do I go about getting a new home with this mortgage product?

Speak to a member of our friendly sales team at your chosen development who will be able to advise you whether Deposit Unlock is available, and guide you through the application process.

I’ve found a new home on a new development where the scheme is offered, can my own broker process my application?

No, there are only a few nominated brokers being used to facilitate this scheme therefore you will be required to use the New Homes Mortgage Helpline for more information.

Are buy-to-let borrowers able to use Deposit Unlock?

Deposit Unlock is designed to help those with small deposits get on the housing ladder and so is restricted to owner occupier homes only.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Subject to status and available on selected developments and plots in England only up to the value of £330,000. Funding for the scheme is limited and will be allocated on a first come first served basis.