Request Callback

How does the Deposit Unlock Scheme work?

  • For First Time Buyers and Home Movers
  • Available for a new build homes
  • Can be used with part exchange
  • For mortgages between 90.01-95% loan to value

Trustpilot reviews


You can read our customer reviews here.

Click here

Released as an alternative to the Government’s Mortgage Guarantee Scheme the “Deposit Unlock” scheme is now available for the purchase of new-build properties.

The Deposit Unlock scheme is provided to enable buyers with a 5% deposit to purchase their home by means of a 95% mortgage.  Restricted to new builds only, the scheme is a direct collaboration between lenders and the Home Builders Federation.  The list of developers taking part in the scheme can be found on the Home Builders Federation website.

A “soft” launch was brought to the market in June 2021 with just one mortgage provider participating in the scheme however, developments are now starting to be seen with an increased number of lenders starting to offer mortgages, and with further talks ongoing the anticipation is that even more lenders will enter.

Benefits of a Deposit Unlock Scheme

Some key points are:

  • Available for a new-build home up to a value of £330,000
  • For all houses and 2 bedroom apartments but excludes studios and 1 bedroom flats
  • Not available for buy-to-lets
  • For First Time Buyers and Home Movers
  • For mortgages between 90.01-95% loan to value
  • Can be used in conjunction with part exchange

If you are interested in seeing if the Deposit Unlock scheme could benefit you with the purchase of your home, please contact us today and one of our advisers will be happy to discuss this in much more detail together with any other possible options available to you.

Contact Us


Fill out your details and we will contact you

Click here
Proudly working with
… and many more!

Thanks for getting in touch, a member of the team will be in contact shortly.

TrustPilot Badge