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.*

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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.

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, 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

At Persimmon we're proud to support our local 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. We also have a programme of community events taking place as part of our partnership with Team GB for the 2024 Paris Olympics, along with other great initiatives. 


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Our hugely successful Community Champions programme has already donated more than £1 million to good causes in England, Wales and Scotland. Whilst the programme is running, each of our regional offices makes a donation of up to £6,000 every quarter to local organisations.

Persimmon Homes official partner with Team GB

We're proud to be one of Team GB's official partners for Paris 2024. In the lead up to the Olympics we'll be posting lots of exciting content in partnership with Team GB, from athlete appearances to competitions and challenges.

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