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Deposit Unlock Scheme

Discover your borrowing power with NO credit checks, only takes a few minutes!

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

See what's possible
Get guided help

Deposit Unlock Scheme

Discover your borrowing power with NO credit checks, only takes a few minutes!

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

See what's possible
Get guided help
Author's Avatar Author: Carl Shave CEO and co-founder

3 mins

Updated: September 9th, 2025

Contents

3 mins

Updated: September 9th, 2025

In this article

What is Deposit Unlock? What criteria needs to be met to qualify? What lenders offer Deposit Unlock? Should I use the Deposit Unlock Scheme? What home builders offer Deposit Unlock?

What is Deposit Unlock?

Following its launch in June 2021, the Deposit Unlock Scheme provides an alternative to the Government’s Mortgage Guarantee Scheme. This proposal is a mortgage indemnity scheme resulting from a collaboration between the Home Builders Federation and its members.

It is designed to assist those with a minimum 5% mortgage deposit who wish to purchase a new build home. With this scheme, a mortgage can be secured for a range of 90.01% to 95% of the purchase price. Importantly, this scheme isn’t limited to first-time buyers; it also benefits home movers.

What criteria needs to be met to qualify?

Certain restrictions and criteria apply, here are a few of the most important:

  • New-build properties only up to a maximum purchase price of £330,000
  • For owner occupation only, not for buy-to-lets
  • Available to first time buyers and home movers
  • Part Exchange can be available subject to individual conditions
  • Available for houses and minimum 2-bedroom apartments
  • New build properties only

What lenders offer Deposit Unlock?

The scheme is available through all participating lenders including:

Should I use the Deposit Unlock Scheme?

Any scheme that can help you get on the property ladder is beneficial, especially one that allows you to get a mortgage with a 5% deposit. However, it’s important to remember that there are potential drawbacks as well.

With the Deposit Unlock Scheme, you may be limited in your choice of lenders, which means you might not be offered the most competitive interest rate.

Additionally, your selection of properties is restricted since the scheme is exclusively available for new build homes from specific home builders.

Another factor to bear in mind is that when you move into a new build, it’s no longer considered a ‘new build.’ As a result, the property’s value might decrease depending on the market.

In the end, thorough research is essential if you’re uncertain about your decision. To learn more, feel free to contact us today, and one of our advisors will be happy to discuss your options with you.

What home builders offer Deposit Unlock?

This list created by the Home Builders Federation highlights all the builders that offer this housing deposit scheme:

  • 3West Group
  • Anderson Design & Build
  • Anderson O&U
  • Ashberry Homes
  • Ashwood Homes
  • Baker Estates Limited
  • Barratt Homes
  • Barratt London
  • Beal Developments 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
  • Davidson Group
  • David Wilson Homes
  • Deanfield Homes
  • Devine Homes
  • Devonshire Homes
  • Edenstone Holdings
  • Edwards Homes
  • Fairgrove
  • Fairview
  • Fenwood Estates
  • Fortitudo Limited
  • Genesis Homes
  • Gleeson Build & Develop Limited
  • H&H Properties
  • Hayfield Homes
  • Hill
  • ilke Homes
  • 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

About the author

Author's Avatar

Carl Shave: CEO and co-founder

Carl Shave has been involved in the mortgage & finance industry since leaving education and is one of the co-founders of Just Mortgage Brokers. He has written guest posts and provided journalist comments for companies such as The Times, FT Adviser, Mortgage Strategy, Mortgage Solutions and others, demonstrating his extensive industry knowledge.

Qualifications:
Certificate in Mortgage Advice and Practice (CEMAP): Year Attained: 2001

FCA Profile
Author's Avatar

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