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Deposit Unlock

A NEW WAY TO BUY A NEW HOME WITH JUST A 5% DEPOSIT
For first time buyers and home movers, it’s the key to your new home

Are you saving for a deposit for your first home or finding it challenging to move home when you have low equity? Deposit Unlock could be exactly what you’re looking for.

Deposit Unlock is a new 5% deposit mortgage solution developed by the house building industry in collaboration with mortgage lenders.

DEPOSIT UNLOCK EXPLAINED

Deposit Unlock enables you to buy a new Crest Nicholson home with just 5% deposit, by offering access to competitively priced mortgage products. Deposit Unlock is available on almost all Crest Nicholson homes*, and to all customers whether you are purchasing your first home or you are a home mover.

HOW DOES IT WORK?
Step on or move up the property ladder with just 5% deposit

1

Choose your new Crest Nicholson development

2

Discuss Deposit Unlock with your Sales Executive

3

When an Independent Financial Advisor has qualified you for the scheme, select your home

4

Your Sales Executive will provide you with a Confirmation Letter so you can apply to a participating lender for a Deposit Unlock mortgage

5

Apply for your Deposit Unlock mortgage and gain approval from the lender

6

Reserve your new Crest Nicholson home

ARE YOU ELIGIBLE?

  • Your new home must have a purchase price of less than £330,000.
  • You must be able to provide a 5% minimum deposit of the purchase price of the new home.
  • Deposit Unlock is available to first time buyers and home movers, subject to the lender’s criteria.

To find out more about Deposit Unlock, speak to one of our Sales Executives.

More Information

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Deposit Unlock Terms and Conditions

WHO IS ELIGIBLE?

Customers must be able to provide a 5% minimum deposit

AVAILABILITY

  • The Deposit Unlock scheme is available on Crest Nicholson homes up to a maximum purchase price of £330,000. This is subject to change and is determined by the mortgage lender’s criteria
  • The Deposit Unlock scheme is not available on one-bedroom apartments and studio apartments
  • Deposit Unlock cannot be used in conjunction with any other financial incentive

HOW DO I APPLY FOR DEPOSIT UNLOCK?

If the scheme is right for you, we will issue you a Confirmation Letter entitling you to apply to Deposit Unlock lenders for a Deposit Unlock mortgage. This Confirmation Letter does not oblige the Deposit Unlock lender to offer you a Deposit Unlock mortgage. You will still need to meet the lender’s own criteria to be eligible.

TERMS AND CONDITIONS

  • The Deposit Unlock scheme provides mortgage indemnity insurance policies to participating lenders, to which Crest Nicholson Operations Limited makes a financial contribution. The insurance covers the mortgage lender in the event of a loss due to a repossession. Your obligations to the mortgage lender remain unchanged.
  • Your home may be repossessed if you do not keep up payments on a mortgage or any other debt secured on it.
  • Crest Nicholson do not offer mortgage advice. Any advice in this respect should be obtained from a mortgage adviser or lender.

More ways we can help you move

Terms & Conditions

Deposit Unlock is available on selected Crest Nicholson homes. Terms and Conditions apply. Sales terms and conditions also apply. Read more here.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.