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Low Deposit Mortgage Scheme At North Yorkshire Sites

Posted 27 October 2021 by Keith Osborne

David Wilson Homes is offering the new Deposit Unlock initiative on selected homes in York and Pickering...

The prospect of homeownership has been made much more accessible for prospective buyers in York and Pickering thanks to the launch of a brand new low deposit mortgage scheme at a popular development of new homes in the town.

Deposit Unlock is a new mortgage lending scheme offered by housebuilder David Wilson Homes on properties at its The Chocolate Works development on Bishopthorpe Road in York, and its Heather Croft development on Whitby Road in Pickering. With it, first-time buyers and existing homeowners can purchase a new-build home priced up to £330,000 with just a 5% deposit. The competitively priced mortgage for the remaining 95% is designed to make buying a new home much more affordable to those who may have otherwise struggled to fund a deposit for their dream home.

The scheme is run in partnership with Newcastle Building Society, which is able to offer a range of market-leading mortgage rates under Deposit Unlock, starting at 3.50% for a two-year fixed rate mortgage.

David Wilson Homes’ The Chocolate Works development in York offers a modern luxury atmosphere with apartments and contemporary townhouses in an iconic location just a 25-minute walk from York city centre.

Leonie Gilbertson, sales manager at The Chocolate Works and Heather Croft developments, said: “We are always looking at ways we can help even more people either onto or up the property ladder and Deposit Unlock is the latest way for those in York and Pickering to do just that. By significantly reducing the size of deposit needed to secure a new home, we’re hoping we can make it much more accessible and affordable for buyers to move into the home of their dreams.”

Find out more about current David Wilson Homes developments across Yorkshire.


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