Charles Church

Deposit Unlock

Secure your new Charles Church home with only a 5% deposit.


What is Deposit Unlock?

Deposit Unlock is a new mortgage guarantee product which allows buyers to purchase a new-build home with a deposit of just 5%.

Using the scheme, first-time buyers and existing homeowners can secure selected new Charles Church homes up to the value of £750,000.*  


How it works

Developed in a collaboration between the Home Builders Federation, mortgage lenders, the housebuilding industry and the scheme manager Gallagher Re, the scheme enables participating lenders to offer 90-95% LTV mortgages on new-build homes.

The product is backed by mortgage indemnity insurance to which Charles Church makes a financial contribution. The insurance covers the lender in the event of a loss as a result of repossession.

For full information please visit the scheme's dedicated website here.



Who can use it?

Deposit Unlock is intended for first-time buyers and home movers with a low deposit. It's not available to buy-to-let borrowers.

Which homes can it be used on?

The offer is available on selected plots only and is subject to conditions. Following the withdrawal or termination of any offer, Charles Church reserves the right to extend, reintroduce or amend any such offer at any time.

Can it be used in conjunction with other schemes?

No, Deposit Unlock cannot be used at the same time as other Charles Church offers or incentives.

How is affordability calculated?

Each mortgage lender using the scheme (currently Nationwide, Newcastle Building Society, and Accord Mortgages) will assess affordability in the normal way using their lending criteria.

What do I do next?

If you're interested in using the Deposit Unlock scheme on a new Charles Church home, search for your new home here and contact us today.

Our friendly sales teams will connect you with a specialist New Build Mortgage Advisor to help arrange your Deposit Unlock application and mortgage. After that you'll be on your way to moving into a brand new Charles Church home with just a 5% deposit. 



*limits vary from lender to lender.


Charles Church do not offer mortgage advice so any advice should be obtained from the mortgage advisor or lender. 


Select Options

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