🏡 Deposit Unlock is an innovative industry mortgage guarantee scheme designed to help borrowers secure a new-build home with a deposit of just 5%.
💸 Currently with high-street lender Accord Mortgages, long-term fixed rate lender Perenna and specialist lender Bluestone Mortgages!
🏣 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 drew 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.
🏢 On behalf of these builders, the HBF & HFS commissioned Gallagher Re – the reinsurance division of Gallagher – to design, initiate and implement such a scheme.
🧠 The solution proposed by Gallagher Re utilises a protected cell captive to provides mortgage insurance to lenders allowing them to lend on new-build housing, at a 95% loan-to-value ratio, with reduced risk exposure.
🚀Deposit Unlock launched in June 2021 and Gallagher Re administers the scheme on behalf of the members.
Company Details
- Founded
- -
- Address
- London, Gb
- Industry
- Housing Programs
- NAICS
-
Administration of Housing Programs
- Website
- https://deposit-unlock.co.uk/
- Keywords
- New Build, Housing, Mortgage, Lending, Insurance, Housing Finance, First Time Buyer, Home Mover, UK.
- HQ
- London
Deposit Unlock Questions
Deposit Unlock's website is https://deposit-unlock.co.uk/
Deposit Unlock's LinkedIn profile is https://uk.linkedin.com/company/deposit-unlock
Deposit Unlock's industry is
Housing Programs
Deposit Unlock's top competitors are
Proficio Consultancy,
Powerof8,
Deposit Solution,
Nexgen Futures,
John D Wood,
Own New,
Guardian Power,
Residential Property Partners Ltd,
Markbuild Construction,
Secret Cfo.
Deposit Unlock's categories are Housing Programs
Deposit Unlock's founding year is 2021
