About
About Deposit Unlock
What is Deposit Unlock
How it all began
Until October 2022 the government’s Help to Buy scheme had been the driving force behind high loan-to-value (LTV) new-build lending. As the scheme draws to a close, a group of 17 property developers – part of the trade body, Home Builders Federation (HBF) – recognised the need for a private sector mortgage guarantee scheme as an alternative.
The scheme launched in June 2021 via a soft launch with the Newcastle Building Society, before the national roll-out and official launch with Nationwide Building Society. Accord Mortgages became the 3rd lender with the scheme in August 2022.
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Our Story
Live since summer 2021
June 2021
Soft Launch
August 2021
National Launch
National launch as the scheme expanded out of the North East
October 2021
First purhcases
Our first two properties complete on the same day; 1 in England & Scotland
November 2021
Nationwide’s Launch
Official launch of DU with 17 Founding House Builders
August 2022
Accord Mortgages
YBS Accord Mortgages join Deposit Unlock
October 2022
£100M threshold reached
£100 million going through the scheme
November 2023
75 House Builders
House Builder momentum grows
January 2024
Bluestone Mortgages
The first complex credit lender to offer 95 per loan to value (LTV) new build mortgages
What's next for 2024
Top 10 Lender Launch
Further lender launches and additional house builders joining Deposit Unlock
Scheme Sponsors
Home Builders Federation (HBF)
Home Builders Federation (HBF) – The voice of the industry
The Home Builders Federation (HBF) is the representative body of the home building industry in England and Wales. The HBF’s member firms account for some 80% of all new homes built in England and Wales in any one year, and include companies of all sizes, ranging from multi-national, household names through regionally based businesses to small local companies.
Homes for Scotland
Homes For Scotland – Delivering more
Scheme Managers
Gallagher Re
Gallagher Re are the full service global reinsurance division of Gallagher, one of the world’s largest insurance brokerage, risk management and consulting firms. At Gallagher Re our goal is to be a trusted advisor to our clients. Relationships are at the heart of our business, with client focus and advocacy our number one priority.
Firstly appointed as Project Consultants by the HBF and leading 17 house builders, the Gallagher Re Mortgage team are now the scheme managers, working with all stakeholders; lenders, house builders, trade bodies and mortgage brokers.
