What is Deposit Unlock?
Deposit Unlock is a brand-new scheme devised in collaboration with lenders and the home building industry. It enables first time buyers and existing homeowners to purchase a new-build home with a 5% deposit. It provides customers with competitively priced mortgage products and makes buying a new home more affordable.
Become a member of HBF
Joining HBF with enable you to offer consumers the option to buy using Deposit Unlock, a low deposit mortgage scheme exclusive to new build homes – and HBF and Homes for Scotland members.
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.
The participating home builders are:
- 3West Group
- A R Cartwright
- AJ Property Group
- Allison Homes
- Anderson Design & Build
- Anderson O&U
- Ashberry Homes
- Ashwood Homes
- Baker Estates Limited
- Barratt Homes
- Barratt London
- Beal Homes Limited
- Bellway Homes
- Bellway London
- Bewley
- Blackstone Developments Limited
- Bloor Homes
- Bovis Homes
- Braidwater Limited
- CALA Homes Limited
- Campion Homes Limited
- Chase New Homes
- City & Country Homes
- Countryside Properties
- Crest Nicholson
- Croudace Homes
- David Wilson Homes
- Davidson Group
- Deanfield Homes
- Denbury Homes
- Devine Homes
- Devonshire Homes
- Durkan Estates
- Edenstone Holdings
- Edwards Homes
- Fairgrove
- Fairview
- Fenwood Estates
- Fortitudo Limited
- Genesis Homes
- Gleeson Build & Develop Limited
- H&H Properties
- Hagan Homes
- Hayfield Homes
- Hill
- Hopkins Homes Limited
- Kebbell Country Homes
- Kebbell Development
- Keepmoat Homes
- Kitewood Estates Limited
- Lagan Homes
- Life Less Ordinary
- Linden Homes
- Macar Developments
- Mandale Homes
- MCI
- Metis Homes
- Miller Homes
- MJ Gleeson PLC
- Morris Homes
- Morrish Homes
- Nicholas King Homes
- Norfolk Homes
- Orbit Homes
- Pat Munro Homes
- Pearce Fine Homes
- Pentland Homes Limited
- Persimmon
- Peter Ward Homes
- Prospect Homes
- Redrow
- Sigma Homes
- St Modwen Homes
- Stonebond Group
- Stonebridge Homes
- Taylor Wimpey
- Thakeham
- Thomas Homes
- Tilia Homes
- Vistry Group
- Waters Homes
- Weston Homes PLC
- Wheeldon Brothers
- Woodstock Homes
The participating lenders are:
Looking to buy through Deposit Unlock?
Deposit Unlock enables you to buy a new build home with just a 5% deposit
Become a participating builder
To join the Deposit Unlock low-deposit mortgage scheme, you need to be a member of either the Home Builders Federation or Homes for Scotland.
Frequently Asked Questions:
What membership bodies do I need to join?
You will need to be a member of the Home Builders Federation (England & Wales), Homes for Scotland (Scotland), or Construction Employers Federation (Northern Ireland).
How much does it cost to join? (Excluding trade body membership costs)
There is a small sign up fee, please contact
deposit_unlock@gallagherre.com
Are there any additional fees?
To find out more about the scheme cost, please contact
deposit_unlock@gallagherre.com
How long does it take to join the scheme?
The timeline from entry to launch will be entirely driven by the house builder's internal process to review and agree legal documentation and ability to complete the due diligence requirements. Gallagher Re will be able to support throughout this process. Upon completion of the second stage, the house builder can be live on the scheme within two weeks.
What are the legal requirements of the scheme?
The entity chosen for registration needs to ensure there are no signs of insolvency to avoid a pre-funded sales route to utilise Deposit Unlock.
Do you have to be a certain size developer to join the scheme?
No, the scheme is open to developers of any size.