Deposit Unlock Scheme

Helping You To Buy

We know that buying a house can be stressful and we want to help make this process as smooth as we can for you. Through the latest Deposit Unlock Scheme, we are pleased to be able to make buying a new home more accessible, so that you can own your first home or get onto the property ladder with just a 5% deposit*.

Helping you to buy your new build home

With the end of the government’s Help to Buy Equity Loan scheme in March 2023, we know that buying a house can seem unachievable without securing a substantial deposit. However, at Waters Homes we want to ensure that owning your own home can still become a reality. To help, we are participating in the Deposit Unlock Scheme, a brand-new scheme developed by the Home Builders Federation, with lenders and the home building industry.

What is the Deposit Unlock Scheme?

Mortgage lenders are often stricter on the amount they are willing to lend for the purchase of new build properties. The Deposit Unlock Scheme eliminates this, allowing you to buy a new build home with as little as a 5% deposit*, using competitive mortgage products from participating high street lenders. This is achieved by home builders paying to insure the mortgages, making lenders more comfortable about offering high loan to value mortgages on new builds, and you still own 100% of your new home.

This scheme is currently available on house purchases up to a value of £750,000.

To find out more, please visit

*Terms and conditions apply