Deposit Boost
We know it’s not always easy to make your dream home a reality. With Deposit Boost, we can help you borrow less and secure a better mortgage rate.
If you've saved a 10% deposit, we’ll add an extra 5% on top. It’s our way of helping you get one step closer to exactly where you want to be.
We know it’s not always easy to make your dream home a reality. With Deposit Boost, we can help you borrow less and secure a better mortgage rate.
If you've saved a 10% deposit, we’ll add an extra 5% on top. It’s our way of helping you get one step closer to exactly where you want to be.
What is Deposit Boost?
Deposit Boost is an initiative that helps make your new home more affordable by increasing your deposit. If you’ve saved a 10% deposit for a new build, Deposit Boost adds an extra 5%, giving you a total deposit of 15%. This boost can help you secure a more competitive mortgage rate, making it easier to borrow less and move into your new home sooner. Available on selected homes, it’s a simple way to make your dream home within reach.
What are the benefits of Deposit Boost?
- Boost your deposit by 5%, giving you a total of 15%
- Secure a more competitive mortgage rate with a larger deposit
- Helps you borrow less, making your monthly payments more affordable
- Available on selected new build homes
- A simple way to make your new home more affordable
How does Deposit Boost work?
With Deposit Boost, we’ve made it easier for you to get the keys to your new home. For example, if the home you’ve got your eye on costs £200,000, you’d need a deposit of at least £20,000 (10%). With Deposit Boost, we can add an extra £10,000 (5% of the sale price), giving you a total deposit of 15%. This means you'll only need to borrow 85%.
With a larger deposit, you’ll need to borrow less from the lender, which could help you secure a more competitive mortgage rate. So, less saving up, more settling in.
How is affordability calculated?
Each mortgage lender assesses affordability based on their usual lending criteria. To find out more, here’s our guide to applying for a mortgage.
Which homes can be it used on?
Deposit Boost is available on selected homes across our developments and plots, depending on status, availability and eligibility. Our sales executives can guide you on which homes qualify, so you find the one that’s right for you.
Who can apply for Deposit Boost?
Deposit Boost is available to first time buyers and existing homeowners in England, Wales, and Scotland. The scheme isn’t available to buy-to-let borrowers.
Can it be used in conjunction with other schemes?
Deposit Boost can’t be used alongside other offers or incentives. However, we offer a variety of other buying schemes, so take a look and see if there’s one that’s perfect for you.
How to apply for Deposit Boost?
Applying for the Deposit Boost scheme is simple.
- Explore our range of beautiful new homes
- Get in touch with one of our sales executives who’ll let you know if Deposit Boost is available on your preferred plot
- They’ll connect you with a New Homes Mortgage Adviser, who’ll help you secure the best mortgage for you
In no time, you’ll be ready to move into your brand new home.
Ready to find your new home?
With Deposit Boost, your perfect home is closer than ever. Explore our nearby developments – you might just find the one you've been looking for.
Find your new home