Whether you have limited equity in your current home, or are having trouble getting a big enough deposit together, we would love to help you take that first step on the ladder.
Increase your deposit by 5%
If you have a 10% deposit, we could boost it by funding an additional 5% of the sale price, giving you 15% deposit in total. This means you need to borrow less from a lender and could even secure a more competitive mortgage rate.
How it works
Here’s an example of how it works: if you were looking to buy a £160,000 home you would need to have at least a £16,000 deposit (10% deposit). We could then fund an additional £8,000 (5% deposit), giving you a total deposit of £24,000. You would then need an 85% mortgage.
How do I apply?
Once you’ve found a home you’re interested in, you should speak to the Sales Adviser on the development to see if you could take advantage of Deposit Boost.
The Sales Adviser can also introduce you to a New Homes Mortgage Adviser who can provide individually-tailored advice and help secure the best mortgage for your own circumstances.
Do you have a smaller deposit, but still want to get moving?
For many people, the size of a deposit needed to get a mortgage today is one of the biggest obstacles to buying their first home or moving up the ladder. Help to Buy Mortgage Guarantee helps lower this barrier by getting you moving with just a 5% deposit.
Offer available on selected plots only, subject to contract and status. Offer is to contribute up to a maximum of 5% deposit payable at the time of completion and is subject to lender’s criteria. Terms and Conditions.