Clock is ticking for first time buyers in Essex

One of the most widely-used home buying incentives, the 70 per cent shared equity HomeBuy Direct scheme, is coming to a close in just a few weeks, which is why the team at leading homebuilder Persimmon Homes Essex is urging househunters to register their interest as soon as possible before they potentially miss out.

“HomeBuy Direct has been an invaluable tool for those earning a household income of less than £60,000 as a way of achieving property ownership,” comments Neil Sykes, sales director for Persimmon Homes Essex. He adds “The allocation of HomeBuy Direct properties at our Colchester developments will finish in September, meaning those looking to buy through the scheme will have to register their interest by July at the latest.”

Through HomeBuy Direct, Persimmon’s purchasers initially pay for just 70 per cent of the market value of their chosen home, with the remaining 30 per cent seen as a loan from Persimmon and the Government, which is interest and repayment free for the first five years.

Currently available with the scheme at Eton Place the houses start from £160,965 for a three bedroom design and £164,465 for a four bedroom property. At Riverside Quarter three bedroom properties are available from £146,965 and four bedroom homes start from £158,865.

Neil concludes: “As a Group Persimmon has assisted over 2,000 new homeowners with the shared equity incentive, and in the Essex region alone we have supported over 60 purchasers. Our prices at our Colchester sites coupled with the beautiful housetypes available means purchasing with us is not just an attractive proposition but an affordable one too.”

All three of Persimmon’s Colchester developments are situated perfectly for the city centre. For further information the homes available, visit the marketing suite, Thursday to Monday from 10am to 5pm, or visit persimmonhomes.com.