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Buy a new build home with just 5% deposit

Introducing Deposit Unlock

If you’re dreaming of buying a new build home, but that deposit seems a little out of reach, Deposit Unlock could help. It is a brand-new scheme which has been devised in collaboration with lenders and the homebuilding industry. It allows you to buy a new build home from a participating builder with just a 5% deposit. This means you get a normal mortgage and own 100% of your home. 

5% deposit, the Perenna way

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. 

With our Deposit Unlock mortgage, you need to provide 5% deposit. But, to make things easier, we’re happy to take that deposit from you, the developer (if they offer cash incentives), or a combination of both. This could mean you don’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.  

Who is Deposit Unlock available to?

The scheme is available to first-time buyers or those moving home. So, whether you’re looking to get your foot on the property ladder for the first time, or thinking about making your next move, Deposit Unlock could help make that happen.  

Many homebuilders across the country have signed up to offer the Deposit Unlock scheme on their properties. 

Find out more on the Deposit Unlock website.

Why choose Perenna?

With a Perenna Deposit Unlock mortgage, you 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 

How much can I borrow?

This depends on a couple of things. We’ll need to look at the amount you earn and how much you spend. We do this to make sure you (and anyone else you’re buying a home with) can afford the mortgage.


How do I get a Perenna Deposit Unlock mortgage?

Perenna mortgages are available through independent mortgage brokers only. They can provide tailored advice on your mortgage needs. Plus, they’ll know all about our mortgages, so can answer any questions you may have.

You could lose your home if you don’t keep up your mortgage repayments.