Foster carers can save thousands on a brand new home with the key worker deposit contribution scheme from Barratt Homes

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Whether you’re looking to take your first step onto the property ladder, or buy a bigger home, our specialist Foster Carer Mortgage team is working with Barratt Homes to offer Foster Carers the Key Worker Deposit Contribution scheme. When you purchase a Barratt home using the scheme, you could receive £1,000 towards your deposit from the house builder for every £20,000 spent on the purchase price, and flooring will also be included!

Secure your mortgage for a brand-new home. Book a 30-minute no obligation fact-finding appointment with one of our new build advisers.

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How much can you afford to borrow?

If you would like to know how much you could possibly afford to borrow, use our calculator below.

About your income...

Are you applying for a single or joint mortgage?

Based on your yearly income, you may be able to borrow:

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Most lenders will let you borrow 3.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.
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Depending on your personal circumstances, some lenders may let you borrow 4 – 4.5 times your salary.
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Lenders usually cap the amount they lend at 5 times your salary, so it’s unlikely you’ll be able to borrow more than this.
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This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate key facts illustration before you make a decision. The information provided by the calculator does not constitute a formal mortgage offer.

Some current top new-build mortgage deals

Here are some of today's best mortgage deals, based on a new-build home mortgage, borrowing £170,000 at an LTV of 70% over 25 years.
£1,055.32
Initial monthly payment
2 year Fixed
Initial rate
1.93%
Total fees
£1,295.00
Follow on rate
9.49%
APRC
8.1%
Initial period cost
£27,488.32

Own New 5% Exclusive 2 Year Fixed £995 Fee Purchase £250 Cashback [dev only]

Standard variable rate 9.49% | Lender arrangement fee £995.00 | Total fees £1,295.00 | Early repayment charge applies until 01-Aug-2026

Your rate of 1.93% will last for the first 26 months of your mortgage (the initial period). During that period you’ll be charged £1,055.32 a month. After that, you’ll switch to the Virgin Money’s standard variable rate (SVR) of 9.49%

£1,094.03
Initial monthly payment
2 year Fixed
Initial rate
2.25%
Total fees
£1,139.00
Follow on rate
8.69%
APRC
7.2%
Initial period cost
£26,126.72

Furness Own New Exclusive 5% Incentive 2 Year Fixed £999 Fee Cashback [dev only]

Standard variable rate 8.69% | Lender arrangement fee £999.00 | Total fees £1,139.00 | Early repayment charge applies until

Your rate of 2.25% will last for the first 24 months of your mortgage (the initial period). During that period you’ll be charged £1,094.03 a month. After that, you’ll switch to the Furness BS’s standard variable rate (SVR) of 8.69%

£1,126.01
Initial monthly payment
2 year Fixed
Initial rate
2.5%
Total fees
£1,295.00
Follow on rate
9.49%
APRC
8.2%
Initial period cost
£29,326.26

Own New 5% Exclusive 2 Year Fixed £995 Fee Purchase £250 Cashback [dev only]

Standard variable rate 9.49% | Lender arrangement fee £995.00 | Total fees £1,295.00 | Early repayment charge applies until 01-Aug-2026

Your rate of 2.5% will last for the first 26 months of your mortgage (the initial period). During that period you’ll be charged £1,126.01 a month. After that, you’ll switch to the Virgin Money’s standard variable rate (SVR) of 9.49%

The lenders shown are for illustration purposes only. Due to the complexity of Fostering Income to get an accurate affordability and an indication of which lender best meets your needs please book an appointment with our Fostering Team who will be able to assess your circumstances in full.

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Exclusive deals

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Are you ready to secure your new-build home mortgage deal?

Connect with one of our expert Foster Carer mortgage advisers to discuss the right new build home mortgage for you.  Click below to book a 30 minute, no obligation, appointment.

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