Deposit Boost. You could receive an extra 5% towards your deposit
If you have a 5% deposit already saved, we could boost it by an additional 5%, so you have a 10% deposit ready to go towards your new Redrow home.
What is Deposit Boost?
Available to both first time buyers and existing homeowners, Deposit Boost helps make buying your premium, Arts & Crafts inspired Redrow home even easier. Plus, because your deposit will be bigger, you need to borrow less from a lender, which could get you a more competitive mortgage rate.
Find a new Redrow home with Deposit Boost today
Let’s help get you started
To see if you could benefit from the Deposit Boost scheme, find your nearest development and book an appointment with one of our Sales Experts. They can also introduce you to a New Homes Mortgage Adviser who can provide individually tailored advice and help secure the mortgage that best suits you.
Step 1
Have your 5% deposit ready to go.Step 2
Find your premium new Redrow home and, if eligible, we could give you an extra 5% towards your deposit.Step 3
Secure the best mortgage rate with the help of a New Homes Mortgage Adviser.Step 4
Look forward to your moving into your new home.Example
(based on a home priced £300,000)- You would need to have at least a £15,000 deposit to secure your home (5%)
- We could provide an additional £15,000 towards your deposit (5%)
- This would give you a total deposit of £30,000
- You would then need an 90% mortgage for the remaining £270,000
Deposit Boost FAQs
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This superb moving scheme is where we will give you an additional 5% on top of your 5% deposit, giving you a total of 10%. For you, it means borrowing less from a lender and enjoying more competitive mortgage rates.
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An example of how the scheme works, based on a home priced at £300,000:
- You need a deposit of £15,000 (5%)
- We could boost this by another £15,000 (5%)
- Your total deposit is now £30,000
- You now need a 90% mortgage
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The scheme is available to all homebuyers, except buy-to-let property purchasers.
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This scheme is perfect if you need a little extra help to buy the Redrow home you really want, whether it’s your very first purchase or you’re moving on. Even better, having a 10% deposit gives you access to a wider range of mortgage products, and better rates.