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We are offering drop-in appointments across all our developments; however, should you wish to have dedicated time with our sales advisor, we encourage you to book ahead. Click here for further details.

Own New Deposit Drop

Own 100% of your new Bellway home, with as little as a 5% deposit. Find out more about the Own New Deposit Drop 95% mortgage scheme, and understand how it works, who is eligible, and how you can apply.

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Buying a home is easier with Own New Deposit Drop

Following the end of the Help to Buy scheme, the Own New Deposit Drop scheme* allows you to own 100% of your new home with as little as a 5% deposit, whether you are a first-time buyer or looking to buy again.

With an Own New Deposit Drop mortgage, you are assessed based on your ability to make repayments, meaning you can still be accepted for a standard mortgage with no regional price caps, even if:

  • You are self-employed
  • You have multiple sources of income
  • You have previously been furloughed
  • You don’t yet have a credit rating
Own New Own New Deposit Drop

How does the scheme work?

Own New Deposit Drop is a mortgage scheme supplying 95% mortgages to new-build houses and apartments, currently available on selected Bellway homes across Durham.

Made with customers in mind, the scheme is designed to offer more affordable mortgages to a wider range of people, no matter your circumstances.

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Choose your ideal Bellway Durham home

Ask one of our sales advisors at your chosen development whether Own New Deposit Drop is available

Discuss the scheme with a sales advisor

Our sales advisors will be available to answer any questions you may have.

Find out details of the scheme

Check your eligibility and fill in a simple form

Get your keys

Move into your brand new Bellway home with just a 5% deposit

More information about Own New Deposit Drop

Where do I start?

Browse our website for your ideal Bellway Durham home and speak with one of our friendly sales advisors. You can apply for a normal mortgage through the lender’s usual process, with no additional cost to you.

Do I have to be a first-time buyer?

No, the scheme is available to both first-time buyers and existing homeowners.

Can I use any lender?

Darlington Building Society are currently our nominated lender for the Own New scheme, applicable to homes within our Durham division.

Will Own New Deposit Drop be accessible to borrowers with over 5% deposit?

Yes, a 95% mortgage is available to anyone with a deposit of at least 5%, but less than 10%.

With Own New Deposit Drop, is anything different to the normal mortgage process?

There is one small and simple addition to the normal process. A “Letter of Acknowledgement” must be sent from the developer to the buyer and broker, to be passed to the lender, before a mortgage offer can be made. Our sales advisor can arrange this for you.

Are there any legal restrictions?

The Own New Deposit Drop scheme is available on new homes, subject to terms and conditions, with a minimum of 5% deposit required. Please contact our sales advisors for any further information.

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Part Exchange

Take advantage of our part-exchange scheme – the stress-free way to move home.

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*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Terms and Conditions apply. A minimum of 5% deposit is required. The Own New Deposit Drop scheme is available with the purchase of a new home through participating developers only, subject to terms and conditions.