Baker Estates

Where do you want to live?

Deposit Unlock

Deposit Unlock logo

So How Does It Work?

  • 1

    Choose your new Baker Estates home.

  • 2

    We will issue you with a Loan Confirmation Letter.

  • 3

    Pass this letter to your mortgage broker or directly to your lender.

  • 4

    Your lender will record the Unique ID and provide you with your 95% mortgage offer under Deposit Unlock.

  • 5

    You own 100% of your new home.

Deposit Unlock is a scheme that enables you to buy a new build home with just a 5% deposit, and is available on a wide range of UK new build properties up to £833,250.* It is the low deposit mortgage solution designed to give more people the opportunity to buy their own home. The scheme is available to both first-time buyers and home movers and there is no upper limit on your household income.

Frequently Asked Questions

  • What is Deposit Unlock?

    Deposit Unlock is an insurance-backed product enabling you to buy a new build home with just a 5% deposit and 95% mortgage.

  • Who can use Deposit Unlock?

    Any customer who meets the lenders’ affordability requirement with a 5% deposit. The scheme is open to both first-time buyers and home movers.

  • Which lenders are a part of Deposit Unlock?

    Deposit Unlock is currently available with Nationwide Building Society, Newcastle Building Society and Accord Mortgages. However, a range of further banks and building societies are in the process of joining the scheme. *Correct as of Nov 2022

  • Does using Deposit Unlock change the buying process?

    The buyer process remains normal, apart from the need to obtain a Loan Confirmation Letter from us at Baker Estates for you to give to your broker or lender.

Benefits of Deposit Unlock

  • Deposit Unlock is an insurance-backed product enabling you to buy a new build home with just a 5% deposit and 95% mortgage.
  • You only need a 5% deposit and a 95% mortgage. 
  • Available to both first-time buyers and home movers. 
  • There’s no upper limit on your household income. 
  • You benefit from an insurance-backed guarantee, allowing you to access competitive mortgages rates. 
  • The scheme is available now. 
  • Available on new build properties up to the price of £833,250* with no regional price cap restrictions. 
  • You own 100% of the property. 
  • Available with UK’s leading house builders. 

Hayne Farm

3 bedroom homes

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Ways we can help you move

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““We looked into home exchange which made sense and it took all the hassle out of moving for us. I can’t recommend the service we received enough. Everything was sorted for us, and it meant we didn’t miss the boat buying the home we fell in love with.”

Peter & Joan Murphy

*Subject to lenders’ participation on selected homes and developments. Rates and maximum purchase price vary via lender, based on Nationwide Building Society’s current guidelines from November 2021.

Terms & Conditions

Deposit Unlock is available on selected Baker Estates homes. Terms and Conditions apply. This offer is not available in conjunction with any other promotion.

The Deposit Unlock scheme provides mortgage indemnity insurance policies to participating lenders, to which Baker Estates 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.

Baker Estates do not offer mortgage advice, any financial advice should be obtained from a mortgage adviser or lender.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.