David Wilson Homes launches Parent Power scheme

The East Midlands’ leading housebuilder is offering to match any financial contribution that parents make to help their children buy a place of their own.

Under David Wilson East Midlands’ Parent Power scheme, any parental contribution is matched up to five per cent of the purchase price. That equates to a David Wilson contribution worth up to £5,000 on a £100,000 home.

The offer comes at a time when First Time Buyers are struggling to climb onto the housing ladder without a helping hand from the Bank of Mum and Dad.

Some 57 per cent of parents say that they would help their children buy their first home, according to a YouGov survey for the National Homes Marketing Board. It also found that the majority of children would not be able to afford a property without this help.

“Everyone welcomes a helping hand when they’re buying a new home – especially when it’s their first step on to the property ladder,’’ said Philip Lacey, Sales Director at David Wilson.

“Parent Power is a great initiative that can solve a real hurdle for young people eager to be independent and own their own home.’’

“The extra cash David Wilson is offering could be put towards the deposit or used in some other way, for example buying carpets or furniture.”

He added: “We can also introduce you to specialist advisors including mortgage experts who can help secure the best deal for an individual’s circumstances.”

This deal is currently available at all David Wilson’s developments throughout Derbyshire which include:

Castle Heights
Church Gresley
Castle Heights comprises of a wide selection of one-, three-, four- and five- bedroom houses. Prices start from £59,995.

City Point
Derbyshire
City Point offers three-, four- and five- bedroom homes. Prices start from £134,995.

For further information log onto the website at dwh.co.uk.