Buy with a 5% deposit and Deposit Unlock

With Deposit Unlock, whether you’re a first time buyer or an existing homeowner, you could buy selected new homes, with just a 5% deposit.

BLN Deposit Unlock Infographic

What is Deposit Unlock?

  • The scheme is devised in collaboration with lenders and the housebuilding industry.
  • It enables first time buyers and existing homeowners to purchase a new-build home with a 5% deposit*.
  • It provides customers with competitively priced mortgage products up to £750,000 and makes buying a new home more affordable.
  • The scheme is exclusively available on selected new-build homes.
  • Find out more about the benefits and how to apply below.
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New Market Place bedroom

What are the benefits?

  • You can buy a new home with a 95% mortgage.
  • The scheme allows customers to access a low deposit mortgage at competitive interest rates.

How do I apply?

  • Search for a new home near you below and contact us today.
  • We will then put you in touch with a specialist New Homes Mortgage Adviser who can help you arrange your mortgage using Deposit Unlock.

Why buy new?

  • We design our homes so they are energy efficient, so you could have cheaper bills each month.
  • Our homes are low maintenance, so you don’t need to worry about DIY.
  • You could add your personal touch by picking the details for your home.
  • All our homes come with a 2 year fixture and fittings warranty and a 10 year structural warranty for your peace of mind.
  • You can buy with confidence knowing that we have won awards for our quality year after year and that over 90% of our customers would recommend us^, for 14 years in a row.
Millbrook Park kitchen
For more information on how the scheme works visit the Deposit Unlock website.

You might also be interested in

Deposit Boost

If you have a 10% deposit, we could boost it with a further 5% of the purchase price.

Armed Forces Deposit Contribution

We're offering Britain's military servicemen and women special schemes to help them get on the property ladder.

Key Worker Deposit Contribution

As a thank you for the support provided to our communities, we are offering key workers a contribution towards their deposit.

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Deposit Unlock FAQs

  • The Deposit Unlock scheme, exclusive to new build homes, is available if you're a first-time buyer or an existing homeowner. It means you could own a brand-new home in London, up to £750,000, with just a 5% deposit and 95% mortgage. 
  • Deposit Unlock is open to first-time buyers and existing homeowners in England, Wales and Scotland.
  • Follow these easy steps to benefit from this 5% deposit scheme:
    • Find your Barratt London home among our wide range of brand-new homes
    • Get in touch with one of our Sales Advisers
    • They’ll put you in contact with a New Homes Mortgage Adviser
    • They'll help you arrange your mortgage using Deposit Unlock
  • The 5% deposit home scheme is available on selected new-build Barratt London homes up to £750,000.

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*Click here for the full terms and conditions.

^We are the only major national housebuilder to be awarded this key industry award every year since 2010. “We” refers to the Barratt Developments PLC group brands including Barratt London, Barratt Homes and David Wilson Homes. Based on HBF star rating scheme from 2010 to 2024 derived from the NHBC national new homes survey at eight weeks (, over 90% of Barratt Developments PLC group customer would recommend our brands to a friend.