Deposit Unlock is an innovative program developed by the Home Builders Federation (HBF) in collaboration with the housebuilding industry and mortgage lenders. This scheme enables purchasers to buy a new-build home with as low as 5% deposit.
The program is open to first time buyers and home movers who wish to purchase a new-build home from a registered HBF member, with a deposit between 5% and 9.99%.
If you are currently paying towards your rent and would prefer to use that money towards buying a new home, then you should consider the potential benefits of Deposit Unlock. It lessens the deposit amount needed for purchasing a home and provides access to more competitive mortgage deals.