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Deposit Unlock

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New Build with just a 5% deposit

If your client is looking to buy a new build home, but saving for their deposit seems a little out of reach, ‘Deposit Unlock’ could help. 

Deposit Unlock is a brand-new scheme devised in collaboration with lenders and the home-building industry. It allows your client to buy a new build home (max loan of £750k) from a participating builder with just a 5% deposit. This means they can get a normal mortgage and own 100% of their home.

Perenna’s unique proposition

This is where it gets interesting. At Perenna, we understand that saving for a deposit can be tricky. That’s why we have created a unique solution to help buyers. 

With our Deposit Unlock mortgage, we require a 5% deposit. However, to make things easier, we’re happy to take that deposit from the buyer, the developer (if they offer cash incentives), or a combination of both. This could mean your client doesn’t need to save as much! 

We’re proud of our approach. And we think this will make owning a new build home more affordable to more people.


The scheme is available to first-time buyers or those moving home.

Customers buying a new build property from a participating developer can apply for this mortgage. You can find out which builders are participating here.

With a Perenna Deposit Unlock mortgage, your client can get access to an exclusive mortgage product with a 5% deposit.

Plus, you’ll receive all the usual benefits of a Perenna mortgage, meaning you can enjoy:

  • Increased borrowing power - borrowing up to 6 times income, subject to criteria
  • Monthly payments that don’t change
  • Short early repayment charge to give flexibility
  • No maximum age caps, giving more options in later life