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Deposit Unlock Scheme

At Arkwood Living, we’re proud to offer the Deposit Unlock scheme, a low-deposit mortgage solution designed to help more people step into homeownership, whether you’re a first-time buyer or a home mover.

What is Deposit Unlock?

Deposit Unlock is a national initiative developed by the Home Builders Federation in partnership with major lenders. It allows buyers to purchase a new-build home with just a 5% deposit, while accessing competitive mortgage rates, even if you’re not a first-time buyer.

This scheme is available exclusively on new-build homes built by participating developers, including Arkwood Living.

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Who Can Use Deposit Unlock?

You may be eligible if:

You are a first-time buyer or existing homeowner looking to move.
You are purchasing a new-build home from a participating developer.
You have a minimum 5% deposit saved.
You meet the lender’s affordability and credit criteria.

There is no upper income cap, and the scheme is available across England.

Which Lenders Are Involved?

Deposit Unlock is supported by leading mortgage lenders, including:

Newcastle Building Society
Accord Mortgages
Nationwide Building Society
Virgin Money

These lenders offer competitive interest rates and terms tailored to the scheme, helping make your monthly payments more manageable.

How to Apply

Applying for Deposit Unlock is simple:

Browse our available plots and developments and speak to your Arkwood Living sales adviser for full details and to find out which homes qualify.
Speak to a mortgage advisor who will confirm your eligibility and help you find the best lender.
Reserve your home — once approved, you can secure your new-build with just a 5% deposit.
Complete your purchase — your lender will handle the rest, and you’ll move into your new home with confidence.

We recommend working with a mortgage broker familiar with Deposit Unlock, as they can guide you through the process and ensure you get the best deal.

Why Choose Arkwood Living?

Our homes are built with quality, sustainability, and community in mind. Whether you’re buying in Newark or one of our upcoming developments, Deposit Unlock makes it easier to own a home that’s built to last — and designed for living.