Deposit Unlock: Buy your new Redrow home with just a 5% deposit
Deposit Unlock is a new scheme offering competitive interest rates on 95% mortgages, so all you need to buy a brand new Redrow home is a 5% deposit.
Designed to unlock homeownership for many more people, the scheme has been created through a partnership between lenders and the housebuilding industry.
At a glance:• Available to first time buyers and existing homeowners on homes up to £750,000
• Buy with a 5% deposit and a 95% LTV Mortgage
• We guarantee part of your mortgage to help keep interest rates competitive
• Exclusively available on new-build homes
Everything you need to know about Deposit Unlock
Why use Deposit Unlock
• You can access lower mortgage interest rates even with a smaller deposit.
• You can get a foothold on the property ladder without having to save for a large deposit.
• You can now move to a bigger home with room to grow.
How to apply
Find your perfect Redrow home today
Deposit Unlock Terms and Conditions
Terms and Conditions
• The scheme is available in the UK and on homes up to the value of £750,000.
• Customer’s minimum 5% deposit is required.
• The product is backed by a mortgage indemnity insurance to which Redrow Homes Limited make a financial contribution. The insurance covers the lender in the event of a loss as a result of repossession.
• The buyer’s obligations to the lender remain unchanged.
• This scheme cannot be used in conjunction with any other Redrow Homes offer or incentive.
• Redrow Homes Limited do not offer mortgage advice so any advice in this respect should be obtained from the mortgage adviser or lender.