Deposit Unlock: Eligibility and Prioritisation

What is the Deposit Unlock eligibility criteria?

Deposit Unlock is a nationwide scheme designed to make homeownership more accessible by enabling buyers to purchase a new-build property with just a 5% deposit. Supported by major UK homebuilders and lenders, the scheme is open to a wide range of buyers, from first time buyers to existing homeowners looking to move. Learn more about Deposit Unlock and how it works here.

Am I eligible for Deposit Unlock?

To qualify for Deposit Unlock, you’ll need to meet the following criteria:

• Property type: You must be purchasing a new-build home offered by a participating developer.
• Deposit requirement: A minimum deposit of 5% is needed.
• Loan requirement: The loan you require must not exceed £750,000 (no geographical restrictions apply).
• Affordability: You must meet the affordability criteria set by your chosen lender.
• Existing homeowners: The scheme is open to first time buyers and existing homeowners, so long as you do not already own another property at the time of completion.

Deposit Unlock does not impose an income cap or restrict eligibility to specific professions or household types.

How does prioritisation work for Deposit Unlock properties?

There are generally no formal prioritisation rules for Deposit Unlock homes, as the scheme is designed to support a broad range of buyers. However, properties are subject to availability and offered on a first-come, first-served basis. Buyers are encouraged to act quickly to secure their chosen home.

Please just bear in mind that some housing providers may have their own prioritisation process, so it’s worth checking with them directly.

Where can I search for Deposit Unlock properties?

If you’re considering Deposit Unlock as your pathway to homeownership, visit our guide to explore more about the scheme and its benefits, and you can also learn more about costs and affordability. You can also use our property portal to search for new-build homes available through Deposit Unlock in your area. Start your journey to owning a new-build home with Deposit Unlock today.