Help for house hunters with no deposit

If you’re ready to purchase a brand new property in the Sudbury area, but are daunted by reports of difficulties in obtaining a mortgage, then fear not as Persimmon Homes Anglia is hosting a shared equity HomeBuy Direct weekend at its Stour Croft development designed to assist those with little or no deposit.

Persimmon Homes is supporting the Government-led 70 per cent shared equity scheme, and has therefore organised the weekend at Stour Croft on 28th & 29th March to help first time buyers and those earning a household income of less than £60,000 to purchase one of the company’s brand new properties.

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

Jon Gibbs, sales director for Persimmon Homes Anglia states: “With so many differing shared equity initiatives now available, househunters are forgiven for being a little cautious and unsure as to what buying through shared equity means.

“It’s for this reason that we’re hosting our weekend – to dispel rumours, answer any questions and help those who initially thought they couldn’t afford to buy, to find a home to suit their needs and budget.”

Prices at Stour Croft start from just £100,065 through HomeBuy Direct for a two bedroom semi-detached housetype.

The picturesque town of Sudbury, located one of mile away, offers an abundance of local amenities including shops, restaurants and pubs as well as leisure facilities and a monthly farmers market. The development itself is situated ideally for those wanting to commute, with Colchester just a short drive away via the A13.

For more information, log on to Persimmonhomes.com.