East Anglian Housebuilder Joins Deposit Unlock Scheme

Regional builder Denbury Homes is helping buyers to unlock their dream new home with just a 5% deposit.

Buyers struggling to save for a deposit but eager to step into homeownership can now take advantage of Deposit Unlock with the company. Established by the Home Builders Federation (HBF), the scheme opens the door to homeownership by granting access to favourable rates on a 95% mortgage, meaning buyers could secure a new home with only a 5% deposit.

Sara Raven, director of sales & marketing at Denbury Homes, said: “As the Help to Buy scheme came to an end earlier this year, we’re thrilled to offer this new support initiative to lend a helping hand to those hoping to put their first foot on – or move up – the property ladder. It is an empowering initiative led by the Home Builders Federation that makes homeownership more accessible.

“Denbury Homes is committed to helping more people become homeowners and the introduction of the Deposit Unlock scheme is the latest addition to our range of buying options. This scheme will help to make buying a new home easier – something that resonates with us at Denbury Homes. We are committed to making the sales process as simple as possible and look forward to supporting homeowners in their exciting journey to homeownership. Deposit Unlock allows buyers to own 100% of your home and is available at all our developments.”

Rising inflation and the cost of living have brought challenging times for home buyers so Denbury Homes is taking a proactive stance in offering support and diverse buying options. The housebuilder recently held a series of “Help to Move” events this summer, where free mortgage advice was provided to prospective homeowners. In addition, Denbury Homes offers Easy Move and Part Exchange schemes, carefully designed to streamline the homebuying process and alleviate the burden on buyers by saving time, effort, and unnecessary worry.

The Deposit Unlock scheme is open to first-time buyers and movers, on all homes priced up to £833,250. With no upper limit on household income, it is an inclusive scheme for a diverse range of buyers. Through the scheme, Denbury Homes will cover the insurance cost for its homebuyers’ mortgages. This measure significantly reduces risk for lenders so that they can extend a 95% mortgage to potential homeowners.

Sara Raven continued: “With Deposit Unlock, we are breaking down barriers and offering a pathway for buyers to step onto or move up the property ladder with greater ease, and into one of our charming homes across the picturesque East Anglian countryside. It starts with choosing your dream home.”

Find out more at www.denburyhomes.co.uk.

Find affordable homes developments in the East of England
Find luxury homes developments in the East of England
Find retirement homes developments in the East of England