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Introducing Deposit Unlock

Making new build dreams achievable with just a 5% deposit! 11 April 2024 by Abi Walker

We are thrilled to announce that Perenna has joined Deposit Unlock, a groundbreaking scheme designed to revolutionise accessibility to new build home financing for first-time buyers or those moving home. 

Developed in close collaboration with lenders and the home-building industry, Deposit Unlock empowers prospective buyers to secure their dream new build home with just a 5% deposit. 

Key highlights for homebuyers… 

  • Accessible New Build purchases: With Deposit Unlock, buyers can secure a new build home with only a 5% deposit, while the participating builder covers a significant portion. For example, if the builder contributes 4%, the buyer only needs to find 1%, making homeownership more attainable than ever before. 
  • Flexible deposit solutions: Recognising the challenges of saving for a deposit, Deposit Unlock offers flexibility in deposit sourcing. Buyers can contribute their own 5% deposit, utilise cash incentives from the developer, or opt for a combination, significantly reducing the upfront financial burden. 
  • Enhanced affordability: By reducing the deposit requirement, Deposit Unlock opens doors to homeownership for first-time buyers and those looking to move home, making new build dreams achievable for a wider audience. 
  • Exclusive mortgage benefits: In addition to the 5% deposit option, Deposit Unlock mortgages provide access to exclusive benefits, including increased borrowing power, stable monthly payments, and flexible early repayment terms. 

Deposit Unlock mortgages are available exclusively through independent mortgage brokers. Buyers can receive personalised guidance and explore their mortgage options by connecting with a broker today. 

For further information and updates on Deposit Unlock, please visit our website or reach out to our dedicated team. 

Join Perenna in shaping the future of new build homeownership!