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
Available on selected homes. Please speak to the sales consultant on your preferred development to find out more.
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.