The intermediary-only lender will offer fixed deals from 3.99 per cent for two years to all new-build buyers through the scheme.
There are also two-year discounted variable rates at 3.10 per cent.
The maximum borrowing limit is £600,000 and loan-to-income is capped at 4.49.
Developed by the Home Builders Federation (HBF), lenders and builders, the insurance-backed scheme is being managed by reinsurance broker Gallagher Re.
Nicola Alvarez, senior manager for new propositions at Accord Mortgages, said: “We’re always looking for ways we can support brokers to help more people on to and up the property ladder, and being part of the Deposit Unlock scheme only complements our offering as a new build lender.
“We’re really looking forward to helping borrowers with some of the smallest deposits purchase a new-build house, who up until now we’ve only been able to support through Help to Buy. With this scheme coming to a close, and limited choice for brokers and their clients currently in this market, we’re really pleased being part of the scheme will provide more options.
“Brokers do not need to do anything different; we’ve designed the application process to be as easy and simple as possible, which when combined with our common-sense approach to lending, underlines our ongoing support and commitment to the new-build market.”
Stewart Baseley, executive chairman of HBF, added: “The addition of Accord to the Deposit Unlock stable is another major step forward for the scheme that will open it up to even more potential customers. Deposit Unlock provides a real option for buyers, many of who would otherwise struggle to save the deposit required to secure a new home.
“In turn, the certainty of demand the scheme will provide allows builders to invest confidently in new sites, deliver the homes the country needs and create jobs and investment in economies across the country. With the Help to Buy scheme about to close, we developed Deposit Unlock to provide an alternative option for buyers. Accord’s entry will help the scheme grow and help more buyers realise their ambition of purchasing a new-build home.”
