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 could secure a competitively-priced mortgage up to £750,000 on selected Bellway developments and homes. Better yet, it can even be used with Home Exchange, as well as our Assisted 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.

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 Mover 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 is the latest major lender to sign up, joining Newcastle Building Society - the first lender to offer Deposit Unlock nationally following a successful trial in the North East of England. More lenders are expected to join the scheme.

What homes can be bought under the scheme?

The scheme is exclusively available on selected new-build houses and apartments.

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?

This scheme is available on selected developments and plots. Please call one our sales advisors at your chosen development for further information.

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 our nominated broker.

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 only available on selected Ashberry Homes developments and plots, up to a maximum loan value of £750,000. **Terms and conditions apply.