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Deposit Unlock Scheme At Housebuilder’s North Scotland Sites

Posted 26 October 2021 by Keith Osborne

Barratt Homes is offering the buyer assistance scheme at a number of its developments in Aberdeenshire...

Barratt Developments is offering the new Deposit Unlock homebuyer scheme at a number of its developments in northern Scotland.

A range of house types are available with the buyer initiative, a joint venture between the Home Builders Federation (HBF) and the insurer Gallacher Re which was piloted in North East England but is now being taken up in other parts of Britain.

It offers homebuyers the chance to get on or move up the housing ladder with just a 5% deposit and the opportunity to access 95% loan-to-value mortgages with selected lenders. With Deposit Unlock, home-hunters can buy a new build home costing up to £330,000, with a deposit of just £15,000. With most mortgages for new build homes requiring a minimum of 10% up front, the new scheme will be of great help to those keen to buy and help them get on and up the ladder sooner.

According to the HBF, 17 housebuilders, which together account for around 60% of all new homes, will be involved. One of the early adopters in Scotland is Barratt Developments, a former WhatHouse? Housebuilder of the Year, which is offering the scheme at a number of developments.

Countesswells just a short journey from Aberdeen city centre and provides a choice of starter and family homes available with future schools, parks, commercial, medical and retail amenities on your doorstep. Your new home will be well connected with the popular suburbs of Cults and Kingswells nearby, and surrounded by peaceful countryside for you to enjoy. This site is over 93% sold, so there are only a few chances left to buy. One of the plots where Deposit Unlock is available is the three-bedroom ‘Coull’ house type, priced from £229,995, some of which will be ready to move into by Christmas. This home has a lounge at the front, a kitchen/dining room with utility space and WC at the rear, two double bedrooms, one single bedoom and a family bathroom. It comes with two parking spaces, and if Deposit Unlock doesn’t appeal, there’s an option of Part Exchange.

‘Glamis’‘Glamis’ house type

Osprey Heights in Inverurie is now at Phase 6 and offers three- and four-bedroom houses just a 10-minute walk to the town centre and local schools, yet surrounded by countryside and views of Bennachie hill. The ‘Glamis’ on is a four-bedroom detached house with integral garage, which will be ready to move into in early 2022. Downstairs is a lounge which leads to a kitchen/dining room, off which is a utility room, cloackroom and understairs storage. Three of the bedrooms are doubles (one with en suite) and there’s also a family bathroom. Prices start at £296,995.

Whiteland Coast is in Newtonhill, around five miles north of Stonehaven. It’s just minutes from the dramatic coastline but there’s a primary school within walking distance and the A92 makes commuting to Aberdeen a cinch. House-hunters can ask about Deposit Unlock on Plot 88, the ‘Abergeldie’ end-of-terrace home. It’s a double-fronted house type: off one side of the hallway is the lounge with glazed door to the garden, and on the other is the double-aspect kitchen/dining room. Also downstairs are the cloakroom and two useful storage cupboards. Upstairs there are two double bedrooms, a single bedroom and the family bathroom, which comes with separate bath and walk-in shower. This house comes with free flooring and is priced from £239,995.

Find out more about current Barrat Homes developments across Scotland.


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