Persimmon ‘share’ with first time buyers

When Kyle Davis, 21, decided he wanted to make that all important first step onto the property ladder, he knew there was only one place to go and that was straight to Persimmon Homes Wales’ Clayton Court development in Pontardulais near Swansea.

A builder by trade, Kyle has grown up in the area, so the development was perfectly placed, close to family and friends. However, what convinced him to sign on the dotted line was the fantastic support Persimmon shows to first time buyers, reflected in the incentives they offer.

Kyle comments: “The development offered me everything I wanted in terms of location, and I found a two bedroom apartment that accommodated all my needs. However, I was conscious that as a first time buyer, I may not be able to afford my perfect property. The sales advisers at Clayton Court soon laid my fears to rest though, when they introduced me to their Shared Equity scheme.”

With Persimmon’s Shared Equity scheme, the company buys a percentage of your house with you. For those with lower savings and for the growing number of people wanting to buy on their own, shared ownership is a perfect option as it means you can buy a home without the cost of a huge mortgage.

This is available on selected homes on release at Clayton Court and is ideal for first time buyers. For example, if you purchase using the Shared Equity scheme, you could pay as little as £99,995 for a one bedroom apartment. In Kyle’s case he paid 75 per cent of £109,995, equating to £82,500 for a two bedroom apartment making it easier financially, as Persimmon also gave him an interest free loan on the remaining 25 per cent.

Chrissie Brooks, sales manager at Persimmon Homes Wales, said: “Our aim is to help house hunters like Kyle get a footing on the property ladder with achievable financial options. With this scheme there really is no better time to buy at Clayton Court.”

Clayton Court provides a choice of contemporary properties alongside traditionally styled homes. These range from one and two bedroom apartments for first time buyers, to spacious three and four bedroom detached homes designed to offer flexible living for growing families.

A two bedroom Manhattan show apartment is now available for viewing at Clayton Court, boasting a spacious kitchen and living area.

Kyle concludes: “Persimmon has made what was a daunting commitment into a simple one, saving me thousands of pounds in the process. I have no doubt I have made the right decision and can’t wait to get the keys.”

Pontardulais is a popular semi-rural suburb of Swansea and is close to motorway links, making it perfect for commuters. It offers plenty of local day-to-day amenities including a wide range of shops.

This great offer is also available on apartments at Persimmon Homes Wales Bryngwyn Village in Gorseinon.

For further information on Persimmon’s properties and shared equity opportunities at Clayton Court, visit or call the marketing suite at Water Street, Pontardulais, Swansea, SA4 1RL, which is open from 10.30am to 5.30pm from Monday to Friday. Alternatively, visit Persimmonhomes.com.