Dream comes true for buyers in Warwick

With average house prices in Warwick now standing at £248,924 and prices of semi-detached properties averaging £192,507, it is not surprising that buyers seeking their first or second home in the county are struggling to secure their dream property.

With our purse strings tightening further in the New Year, the rising cost of living is leaving many househunters disappointed. However, Persimmon Homes South Midlands might have found a perfect solution for buyers looking for a new home in Warwick.

The Dream Come True initiative enables buyers to take advantage of a shared equity scheme at the Persimmon Meadows development on the outskirts of Warwick. The scheme facilitates purchasers to pay for 75 per cent of the property with Persimmon making up the remaining 25 per cent, enabling buyers to own 100 per cent of their property.

This means that, a property such as the two bedroom Conisbrough home priced from £184,995 would require buyers to find just £138,745, making securing a mortgage that little more affordable.

Purchasers then have up to ten years to pay back the remaining 25 per cent of the property price until they sell or transfer it. With most people’s salaries certain to increase over a ten year period, the opportunity of no interest to pay on the remaining 25 per cent offers an affordable way to home ownership.

Alison Reading, sales director for Persimmon Homes South Midlands, comments: “We constantly strive to offer the best prices on all of our homes but understand that, especially in current market conditions, many buyers struggle to obtain a mortgage.

“While new homes in many places in the Midlands still represent good value for money, as an industry we have to accept that many buyers are finding it difficult in the current climate.”

Persimmon currently has four Dream Come True incentives available at Persimmon Meadows on properties priced under £200,000, enabling househunters to reserve any of its two bedroom apartments, priced from £164,996 and two bedroom homes at the site.

Situated just off Morecroft Drive with easy access to the M40, Persimmon Meadows is development boasting 82 properties ranging from two, three and four bedroom homes in a variety of styles that complement the architecture of the scenic town of Warwick.

For further information on the range of two bedroom properties available at Persimmon Meadows please contact the marketing suite, open Monday 11am-5pm and Tuesday-Sunday, 10am-5pm, or visit Persimmonhomes.com.