Mother and son reading a book.

Discover Deposit Unlock

Deposit Unlock is a new scheme created to get first-time buyers onto the property ladder, and help existing homeowners move with just a 5% deposit. Deposit Unlock has been developed by the Home Builders Federation, in collaboration with mortgage lenders and the scheme manager, Gallagher Re. Deposit Unlock is available exclusively on new build homes and and we're delighted to be offering it on all our developments.

Helping you buy with a low deposit, and offering competitive mortgage rates, Deposit Unlock makes buying a Gleeson home even more affordable.

Benefits of Deposit Unlock 

  • You only need a 5% deposit and therefore a 95% mortgage.
  • Available to both first-time buyers and home movers.
  • There’s no upper limit on your household income.
  • You benefit from an insurance-backed guarantee, allowing you to access competitive mortgages rates.
  • Available on new build properties up to the price of £833,250* with no regional price cap restrictions.
  • You own 100% of the property.

Typical example

Cost of your new home


5% deposit


95% mortgage


*Subject to lenders’ participation on selected homes and developments. Rates and maximum purchase price vary via lender, based on Nationwide Building Society’s current guidelines from November 2021

Gleeson Homes street scene

How does it work?

Deposit Unlock is a mortgage protection scheme which supports 95% Loan to Value (LTV) lending on new build homes. Upon completion of your home purchase, Gleeson pays a percentage of the purchase price of your home into an insurance policy. The policy reduces the risk for the mortgage lender, allowing them to offer you the flexibility of a low deposit.

All you need to do is meet the eligibility criteria of the scheme, and have a 5% deposit. Lenders currently offering Deposit Unlock mortgages are Nationwide, Newcastle Building Society and Accord Mortgages.

Couple excited in there new Gleeson Homes kitchen.

How do I apply for the Deposit Unlock scheme?

Search for a new home near you below and contact us today.

Our sales team will then put you in touch with Meridian Mortgages, a new build specialist mortgage advisor who can help you arrange your mortgage using Deposit Unlock.

Mortgage calculator

Find out how much you could spend on a new home with our clever mortgage calculator.

Register your interest

Sign up and let us know what type of information you’d like to receive.