Deposit Unlock is designed to make buying your dream home easier and more affordable. Whether you’re buying your first home or looking to move up, Deposit Unlock offers a great opportunity to secure a new build home with a smaller deposit.

How it works

With Deposit Unlock, you can buy a brand-new home with just a 5% deposit*. This innovative scheme, created by The Home Builders Federation (HBF) in partnership with lenders and housebuilders, helps you secure a 95% mortgage backed by a unique insurance scheme. Unlike the Help to Buy program, which had regional price caps and was only for first-time buyers, Deposit Unlock is available to everyone and allows you to borrow on homes valued up to £833,250*.

Here’s how it works:

• Low Deposit: Only a 5% deposit is needed to get started.
• 95% Mortgage: Obtain a 95% mortgage through participating lenders, thanks to the scheme’s insurance.
• No Regional Caps: Borrow on higher-value properties without regional restrictions.

How do I apply

Applying for Deposit Unlock is simple and stress-free:

1. Find Your Home: Explore our selection of beautiful new build homes eligible for the scheme.
2. Talk to a Lender: Get in touch with your Allison Homes Sales Executive who can put in contact with one of the friendly lenders supporting the scheme, such as Nationwide, Accord, and Newcastle.
3. Get Your Mortgage: With your 5% deposit, apply for a 95% mortgage through your chosen lender.
4. Complete the Purchase: Follow the usual home-buying steps, with our team here to support you every step of the way.

What are the restrictions?

• Participating Lenders: You must secure your mortgage through one of the participating lenders.
• Affordability Checks: Standard lender affordability checks and criteria apply.
• Maximum Loan Amount: The maximum loan amount varies by lender, with Nationwide offering loans up to £750,000.
• Buyer Eligibility: The scheme is open to both first-time buyers and existing homeowners.
• Property Value: Eligible homes can be valued up to £833,250*.

Find your ideal new home at a development near you and take the first step towards owning your perfect home with the Deposit Unlock scheme. For more information, visit Deposit Unlock.

Terms and conditions:

*Deposit Unlock is available on selected plots at eligible developments in the UK up to a maximum value of £750,000 and is subject to lender participation, contract and status. Rates and maximum purchase price vary via lender. Following withdrawal or termination of any offer, we reserve the right to extend, reintroduce or amend any such offer as we see fit at any time. A minimum 5% customer deposit is required. The product is backed by a mortgage indemnity insurance to which Allison Homes East make a financial contribution. The insurance covers the lender in the event of a loss as a result of repossession. The buyer’s obligations to the lender remain unchanged, as the benefit of the insurance is for the lender. Allison Homes East is not authorised by the Financial Conduct Authority and therefore cannot provide any financial advice, including advice in relation to mortgages. Any financial advice should be obtained from a regulated mortgage adviser or lender. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. This offer is not available in conjunction with any other promotion. Allison Homes East has appointed Gallagher to liaise with the mortgage lender and administer the Deposit Unlock scheme on its behalf. Speak to your Sales Executive for further details. Allison Homes East is a trading name of Allison Homes Limited. Allison Homes Limited (company number 06235048) incorporated in England and Wales whose registered office is at Fleet House, Cygnet Road, Hampton, Peterborough, PE7 8FD. Allison Homes is a trading name of Allison Homes SW Limited. Allison Homes SW Limited (company number 10687878) incorporated in England and Wales whose registered office is at Fleet House, Cygnet Road, Hampton, Peterborough, PE7 8FD.