Looking to buy a new build home but not sure you’ll have enough funds for your deposit?

Deposit Unlock can help.

This scheme enables both first-time buyers and existing homeowners to purchase their dream home with just a 5% deposit. Plus, we may even be able offer Part Exchange alongside this. In this blog we’re exploring everything there is to know about the new Deposit Unlock scheme.

What is Deposit Unlock?

With Deposit Unlock, buying a first or new home just got more affordable. Developed collaboratively by the Home Builders Federation (HBF), mortgage lenders and homebuilders, this initiative reduces your required deposit to as low as 5%, while helping you secure competitive interest rates on your low-deposit mortgage. L&G Homes is proud to offer Deposit Unlock – contact us today to start your journey.

How does it work and what are the benefits?

Deposit Unlock offers allows first-time buyers and second steppers to purchase a new build home up to the value of £833,250 (subject to mortgage lender’s criteria).

You can put down down as little as 5%, or up to 9.99% of the purchase price.

What's more, borrowers will only pay back 90%-95% (up to £750k) of what they purchased their property for; making this scheme ideal if you are renting but paying out beyond your mortgage payments each month.


Take a look at the examples below to see how much of a deposit you might need:

Property Purchase Price

Mortgage Amount

5% Deposit











How do I begin the process with L&G Homes?

Deposit Unlock is available on selected L&G Homes developments. We’ll help improve your eligibility to purchase a home by taking out an insurance policy that significantly reduces lender risk and improves purchasers' ability to access financing with smaller deposits.


Why buy new with L&G Homes?

With our newly installed kitchens and bathrooms, energy efficiency features and lower maintenance costs compared to an older property - plus the satisfaction of getting to design a blank canvas to fit your lifestyle – it's no surprise that we have achieved five-star customer satisfaction ratings from HBF as well as offering every homeowner peace of mind through 10 year NHBC Buildmark warranty.

For more information on the Deposit Unlock scheme, visit deposit-unlock.co.uk or our Deposit Unlock page for more information on the process.

News & Updates

The design of a home doesn’t stop at the door... We are passionate about sustainable and inclusive communities. Our homes look good together, mature well over time and sit well within their surroundings.
Keeping active in Oxfordshire this summer

Keeping active in Oxfordshire this summer

Own New: the new way to make buying a Legal & General home more affordable

Own New: the new way to make buying a Legal & General home more affordable

Deposit Unlock - Everything you need to know

Deposit Unlock - Everything you need to know

Mortgage blog series: Part Exchange

Mortgage blog series: Part Exchange

Arrow up