Albemarle Homes Launches Deposit Plus

Albemarle Homes has announced the launch of a new initiative designed to help buyers overcome one of the biggest barriers to homeownership, saving a deposit.

The new Deposit Plus* scheme will see Albemarle Homes gift up to an additional 5% deposit to buyers who have already saved 5% themselves, helping them reach a 10% total deposit.

Charlotte Kirk, Head of Sales commented: “Deposit Plus has been created to provide practical support at the point it matters most.  By boosting a buyer’s deposit from 5% to 10%, the scheme can help unlock access to more competitive mortgage products and improved lending options, potentially reducing monthly payments and increasing affordability.”

For families currently renting, this could mean moving sooner than anticipated, turning monthly rent into mortgage payments that contribute towards owning their own home.

The launch also coincides with shifts in the wider mortgage landscape, with some high street lenders adjusting affordability criteria and introducing higher loan-to-value products aimed at buyers with smaller deposits.

Charlotte continued: “We know that for many buyers, particularly families, saving a larger deposit is the single biggest hurdle to owning a home. Deposit Plus is about recognising the effort buyers have already made in saving 5% and helping them bridge that final gap.

“By supporting buyers in reaching a 10% deposit, we hope to make homeownership more accessible and give buyers the opportunity to move into a home of their own sooner.”

Buyers interested in finding out more can speak to the Albemarle Home’s sales team to understand how the scheme could support their move.

*Deposit Plus is available on selected plots, subject to terms and conditions and lender approval.