Persimmon offers a helping hand

It's a great feeling when you get more than you've actually paid for - when you get to the till point and realise those pricey designer shoes are in the sale or you get upgraded seats on a long haul flight - that's exactly the treatment you can expect from Persimmon Homes. For a limited time, Persimmon is offering its highly successful Helping Hand shared equity whereby purchasers pay for just 75 per cent yet they own their new home entirely - who said it's impossible to get something for nothing?

Until recently, the Helping Hand incentive was only available on apartments, however due to demand, the company is now offering houses with shared equity.

With the Helping Hand shared equity scheme, purchasers pay for a percentage of the property yet they own it entirely. On apartments, buyers pay 75 per cent of the value of the property and on traditional homes it's an 85 per cent payment with the remaining percentage not payable for ten years or until your home is re-sold - whichever comes first. There is not even any interest to pay on the outstanding balance.

Ideal for those on lower incomes and for the growing number of people wanting to buy on their own, Persimmon's Helping Hand scheme is an ideal option for many buyers as it means they are able to buy a home without having the cost of the whole mortgage, with no fees or monthly rental to pay on the remaining percentage*.

Persimmon's ‘Helping Hand' shared equity scheme is currently available at:

Willow Park and Willow Edge, CastlefordWhitechapel Gardens, Cleckheaton
Magdalene Fields, Gomersal
St Gregory's, Swarcliffe, Leeds
Mill Green, Swarcliffe
The Arboretum, Northowram
Moorland Heights, Ripponden
Village Mews, Southowram

Commenting on the shared equity incentive, Andrew Demain, business development director for Persimmon Homes West Yorkshire, said: "The Helping Hand shared equity incentive makes a real difference to purchasers as it allows them to take out a mortgage which they feel comfortable with to pay for the initial 75 per cent and hold off paying for the remaining 25 per cent for a few years until they feel more financially secure.

"Anyone who is in the market for a new home should definitely get in touch with our dedicated team of sales advisers to see how our Helping Hand shared equity scheme could help them out."

For further information visit Persimmonhomes.com.

*Terms and conditions apply