Persimmon Homes

Deposit Unlock

Secure your new Persimmon home with only a 5% deposit

What is Deposit Unlock? 


Deposit Unlock is a mortgage guarantee product that allows you to buy a new-build home with a deposit of just 5%.

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

How it works

Developed in a collaboration between the Home Builders Federation (HBF), 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 Persimmon makes a financial contribution. The insurance covers the lender in the event of a loss as a result of repossession.


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, Persimmon 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 Persimmon 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 Persimmon 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 Persimmon home with just a 5% deposit. 

*limits vary from lender to lender.

Persimmon Homes Ltd does not offer mortgage advice so any advice should be obtained from the mortgage advisor or lender. 



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Supporting your communities

Our Community Champions programme was established in 2015 and has already donated more than £3 million to over 3,500 good causes across Great Britain. Every month whilst the programme is running, our 32 regional businesses together give away 64 donations of up to £1,000 each. It's easy to apply for your local good cause.

Persimmon Homes is delighted to be joining forces with Team GB: the Great Britain and Northern Ireland Olympic Team run by the British Olympic Association, to give away an amazing £1 million to support children across England, Wales and Scotland.

Our hugely successful Community Champions programme has already donated more than £1 million to good causes in England, Wales and Scotland. Every month we give away 60 donations of up to £1,000 each to local groups and charities.

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