Persimmon promotes HomeBuy Direct

First time buyers who currently do not own their own home in the East Midlands area are now able to secure a brand new property at 70 per cent of its market value, courtesy of Peterborough-based Persimmon Homes and a new Government initiative.

With the widest choice of properties allocated from the new Government HomeBuy Direct scheme, Persimmon is able to cater for most types of buyer, whatever their circumstances. For example households with incomes below £60,000 who can not otherwise afford to purchase unassisted on the open market, would probably now qualify to buy a new home with this scheme.

More than 3,100 homes at over 200 Persimmon developments across the UK are available under the Government’s HomeBuy Direct scheme.

Househunters will only be required to raise funding for 70 per cent of the purchase price including a mortgage plus any small deposit if available. The remaining 30 per cent is made up by an equity loan which is co-funded by the Government and Persimmon Homes.

Persimmon’s HomeBuy Direct properties are available at:

- Hunters Gate, Grantham
- Persimmon Azure, Hampton Vale
- Persimmon Gardens, Chatteris
- Holmewood, Littleport

Steve Matthews, sales director for Persimmon Homes East Midlands, said: “We understand that many potential buyers are very keen to get a foothold on the property ladder which is why we’ve taken decisive action to help those who are unable to buy without assistance.

“We are convinced that with confidence returning to the new homes market, with interest rates at an all time historic level along with practical schemes such as HomeBuy Direct, househunters will realise that there has never been a better time to purchase a new home.”

Steve concludes: “The message is clear, if 2009 is the year you’re determined to get onto the property ladder, you need to talk to Persimmon. We have the largest allocation at around 20 per cent of the available HomeBuy Direct sites which means we offer more choice, are more accessible and are able to offer the widest possible range of new homes to our customers.”

For further information on the range of Persimmon properties available under the HomeBuy Direct scheme, log on to Persimmonhomes.com.