Low deposit mortgage scheme made more accessible for homeowners in Doncaster

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

Tuesday, 26th October 2021, 2:02 pm
King's Lodge, Hatfield

Deposit Unlock is a new mortgage lending scheme offered by housebuilder Barratt Homes including at Park Edge in Wheatley, Torne Farm in New Rossington, Kings Lodge in Hatfield, and Lancaster Gardens in Harworth.

Under Deposit Unlock, first time buyers and existing homeowners can purchase a new-build home priced up to £330,000 with just a five per cent deposit. The competitively priced mortgage for the remaining 95 per cent 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 per cent for a two-year fixed rate mortgage.

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Hayley Mitchell, Sales Manager at Barratt Homes’ Kings Lodge development in Harworth, 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 Doncaster 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.”

For more information about Barratt Homes’ developments available in Doncaster please visit: Barratt Homes, information including the terms and conditions for the Deposit Unlock scheme, visit https://www.barratthomes.co.uk/offers/deposit-unlock