Low Deposit Mortgage Scheme Makes Home Ownership More Accessible

Low Deposit Mortgage Scheme Makes Homeownership More Accessible
Low Deposit Mortgage Scheme Makes Home ownership More Accessible

The prospect of homeownership has been made much more accessible for prospective buyers thanks to the launch of a brand new low deposit mortgage scheme at a popular development of new homes in the area.

Deposit Unlock is a new mortgage lending scheme offered by housebuilders and on properties including Queens Court and Minster View in Beverley.

Under Deposit Unlock, first-time buyers and existing homeowners can purchase a new-build home priced up to £330,000 with just a 5% deposit.

The competitively priced mortgage for the remaining 95% is designed to make buying a new home much more affordable to those who may have otherwise struggled to fund a deposit for their dream home.

The scheme is run in partnership with Newcastle Building Society, which is able to offer a range of market-leading mortgage rates under Deposit Unlock, starting at 3.50% for a two-year fixed-rate mortgage. 

Linzi Bentley, Sales Manager at Barratt Homes’ Fleet Green development in Hessle, said:

“We are always looking at ways we can help even more people either onto or up the property ladder and Deposit Unlock is the latest way for those in and around Hull to do just that.”

“By significantly reducing the size of deposit needed to secure a new home, we’re hoping we can make it much more accessible and affordable for buyers to move into the home of their dreams.”

For more information about Barratt Developments homes in Hull, please visit www.barrattdevelopments.co.uk 

For further information including the terms and conditions for the Deposit Unlock scheme, visit https://www.barratthomes.co.uk/offers/deposit-unlock

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