New builders added to our Deposit Unlock panel
Great news! An additional eight house builders have now joined our panel to further support low-deposit borrowers purchasing a new build home using Deposit Unlock.
The scheme developed by the Home Builders Federation and reinsurance broker Gallagher Re, allows buyers to purchase a new build property with a 5% deposit through the following participating developers:
Barratts, Bellway, Keepmoat, Vistry, Crest Nicholson, Bewley Homes, Bloor Homes, Countryside Properties, Croudace Homes, Davidsons Developments, Fairview New Homes, Hill Holdings, and Redrow Homes.
As a Building Society, a key pillar of our purpose is to help more people achieve their dream of home ownership. The scheme is a great example of the innovation and collaboration across the industry to help our clients achieve this. We are incredibly proud to have been the first lender to bring Deposit Unlock to market and have the first completions under the scheme.
Our Deposit Unlock mortgage proposition
- Competitive rates on 2 and 5 year fixed rate products
- Available up to 95% LTV
- Maximum purchase price £600,000
- No product fees and £500 cashback
- Free standard valuation (on properties up to £500k)
The full details of our Deposit Unlock proposition can be found on our website.
Talk to your dedicated Business Development Manager or contact your Intermediary Support Team at Intermediary.lending@newcastle.co.uk or 0345 602 2338.