READER QUESTION
Q I’ve heard there’s a scheme to help buy a house with only a modest down payment. What is this?
Deposit Unlock enables first-time buyers and existing homeowners to buy a new-build home with a 5% deposit. You will need a mortgage offered by a participating lender, which currently includes Accord Mortgages, Nationwide Building Society and Newcastle Building Society. Also, the property must be from a house builder participating in the scheme, such as Barratt Homes and Persimmon. Find out more.