Deposit Unlock maximum loan amount increased to £750,000
As a Building Society, we are committed to supporting our communities and helping customers achieve their dream of homeownership. We recognise that this can feel out of reach to a large number of customers, particularly with the Government's Help to Buy scheme coming to an end.
That's why we spend a lot of time enhancing our proposition to help support borrower's affordability and their ability to buy a home with a low deposit. Last year, we partnered with the Home Builders Federation and Gallagher Re to develop Deposit Unlock and were the first lender to launch the scheme and roll this out nationally after a regional pilot.
Our ambition is to continue improving our proposition to drive the scheme forward and help even more customers to own their own home. Listening to your feedback, and to widen the geographical reach of our Deposit Unlock products, we have increased our maximum loan amount available to £750,000.
What is Deposit Unlock?
Deposit Unlock is an innovative mortgage indemnity scheme, designed to give low-deposit buyers more borrowing options when it comes to New Build homes and fill the gap left by the end of Help to Buy. The scheme supports customers making that first or next step up the housing ladder, allowing them to purchase a New Build home with a loan of up to £750,000 and a deposit of just 5%!
Contact us
Talk to your dedicated Business Development Manager or contact your Intermediary Support Team at Intermediary.lending@newcastle.co.uk or 0345 602 2338.
12 days of Christmas competition
We wanted to kick off this year's festivities by looking back at another exciting year together. Look out for our Christmas social campaign on our LinkedIn channel. For 12 days, we'll be sharing successes we have had together and some important information for the holiday period.
As it's the season of goodwill, we're GIVING AWAY a £50 Fortnum and Mason hamper voucher to one lucky winner in addition to donating £50 to the Newcastle Building Society Community Fund! All you have to do is like, share or comment on our 12 days of Christmas posts before midnight on Monday 19th December 2022 and you will be entered into a draw to win! (Terms & Conditions apply - link to website T&Cs)