A new way to move - without needing a big deposit.
Deposit Unlock Scheme
Move into a Keepmoat home with just a 5% deposit.
Deposit Unlock is a scheme to help all types of buyers purchase a brand new home, with just a 5% deposit. Whether you’re buying your first home, or your next one, this gives you the freedom to buy, without needing a big deposit or lots of equity in your home.
Developed by the Home Builders Federation, the home building industry and mortgage lenders, it provides homebuyers with 95% loan-to-value mortgages at competitive rates.
Available to first-time buyers and existing homeowners, it makes buying a new home more affordable, without needing to save for a huge deposit.
Deposit Unlock is currently available via selected lenders but more are joining all the time. The scheme is expected to be more widely available across the UK soon.
Who’s eligible for Deposit Unlock?
- the scheme is open to first-time buyers and existing homeowners
- currently available on selected homes at participating developments only
- currently the home must have a purchase price of less than £330,000
- buyers must be able to provide a 5% minimum deposit of the purchase price
- subject to a successful mortgage application through lenders on the scheme
- not available for buy-to-let purposes
- not available first-time buyers taking advantage of Help to Buy.
For more information about eligibility please speak to your Sales Executive.
How it works
- Find the perfect home for you at one of our participating developments
- Talk to your Sales Executive about the Deposit Unlock scheme – they’ll be able to offer advice on whether it’s right for you
- If you want to go ahead with Deposit Unlock, we’ll supply written confirmation to specified lenders
- If you meet the lender's criteria, you can reserve your Keepmoat home
95% loan-to-value mortgages
Today, more and more lenders are offering 95% loan-to-value mortgages on new homes. Even those outside the Deposit Unlock scheme.
Put simply, a 95% mortgage allows you to borrow up to 95% of the value of the property you want to purchase, which is really helpful if you are buying your first home and you don’t have a big deposit.
‘Loan-to-value' is the percentage of the property's value that's being covered by the mortgage. For example, if you were buying a property costing £150,000 and putting in a deposit of £7,500, your loan-to-value would be 95% and your deposit would be 5%.
To secure your dream home speak to your Sales Executive, they will be able to put you in touch with one of the lenders offering 95% LTV mortgages on new build homes.
Register your interest in the Deposit Unlock scheme
More ways to buy your new home
The shared ownership scheme lowers the cost of buying a new property.
If you want to move to a new Keepmoat home but still have a property to sell, we can help.
First Homes scheme
A new Government-backed scheme to help more people onto their local property ladder.
Terms and conditions
Deposit Unlock is available on selected plots and participating developments. Affordability and eligibility criteria’s apply. For more information please speak to your Sales Executive.