Direct help for West Midlands’ buyers

Just two weeks since Persimmon Homes released its collection of HomeBuy Direct properties and the Wolverhampton-based housebuilder has been inundated with enquiries from potential buyers who want to get on to the property ladder.

With HomeBuy Direct, those who currently do not own their own home in the West Midlands are now able to secure a brand new property at 70 per cent of its market value, courtesy of Persimmon Homes and the new Government initiative.

More than 3,100 homes at over 200 Persimmon developments across the UK are available under the Government’s HomeBuy Direct scheme – with more than 200 properties at 14 developments in the West Midlands region alone.

Persimmon has the widest choice of one to six bedroom homes allocated from the new Government HomeBuy Direct scheme, with prices starting at just £62,950.

Aimed to put households with incomes below £60,000 in a position where they can afford to purchase on the open market, househunters are only be required to raise funding for 70 per cent of the purchase price including a mortgage plus any deposit. The remaining 30 per cent is made up by an equity loan which is co-funded by the Government and Persimmon Homes.

Anita Williams, sales and marketing director for Persimmon Homes West Midlands, said: “The HomeBuy Direct scheme is a boost for the housing sector and has come as welcome news amongst West Midlands’ house hunters, evident with the numerous enquiries we have already received about the scheme.

“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, house hunters will realise that there has never been a better time to purchase a new home.”

Persimmon Homes is offering HomeBuy Direct properties at a number of developments in Bridgnorth, Cannock, Darlaston, Edgbaston, Erdington, Lichfield, Smethwick, Stourbridge, Tamworth, Telford, Tipton, Walsall and Warstock.

For more information, log on to Persimmonhomes.com.