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 home–building 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
Creating a nation of happy homeowners
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Perenna Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 956138. Perenna Bank PLC is a company registered in England and Wales with company number 13084174. Our registered office is at 20 Eastbourne Terrace LONDON W2 6LG.
VAT number: 439664553
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