Persimmon Homes supports parent power

Whoever said ‘the best things in life are free’ obviously didn’t have children as a report from the Office on National Statistics demonstrates that from birth to the age of 21 kids cost an average of £140,398, so it must come as welcome news to some parents when their children decide to move out.

Unfortunately with the current state of the UK economy and the comfort of living at home, children are leaving it later and later to spread their wings and move out, which is putting even more financial pressure on parents.

It’s for this reason that Persimmon Homes South Midlands is highlighting to parents that by helping their children buy their first property now, they can free up their hard earned cash for the future, as Alison Reading, sales director for Persimmon explains: “Recent figures have highlighted that adult children cost parents an average of £254 per month, that’s over £3,000 per year, which could be put towards giving their offspring some independence and invest in their first home.

“With our new range of apartments which have now launched at Windsor Heights development in Redditch, we’re promoting the fact that parents who support their youngsters now by paying a modest five per cent deposit, stand to gain financially in the long run.”

The two bedroom apartments at Windsor Heights are ideal for those starting out on the property ladder as prices start from as little as £77,315 through the highly acclaimed 70 per cent shared equity HomeBuy Direct scheme.

Alison concludes: “As a parent I fully understand the financial commitment our children require, and by supporting them with purchasing their first home, this will not only alleviate the financial pressure, but also free up the family house for you to enjoy yourself!”

Windsor Heights is situated close to the heart of Redditch’s vibrant town centre. Purchasers at this beautiful development will benefit from a host of amenities including supermarkets, high street shops and restaurants, cinemas and the local train station with links to Worcester, Birmingham and beyond. The site is located in close proximity to the A441 and M42, making it an ideal retreat for commuters.

If you would like to find out more about how you can support your child with the purchase of their first home, see: persimmonhomes.com