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 East 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 Jason Stokes, 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 our Medway Gate development in Strood, we’re promoting the fact that parents who support their youngsters now by putting some money towards the modest five per cent deposit, stand to gain financially in the long run.”
The one and two bedroom apartments at Medway Gate are ideal for those starting out on the property ladder as prices start from as little as £99,995.
Jason 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!”
Located just minutes from Rochester the development is set within a unique environment featuring landscaped grounds and bordered by an impressive backdrop of chalk cliffs.
Those looking to work in the city of London can take advantage of Medway Gate’s fantastic transport links. Just minutes from junction two of the M2 and close to the M25, London Victoria can also be reached in under an hour by train, meaning it is conveniently located for purchasers who may want to work and play in London, but who prefer a quieter environment to relax in at weekends.
If you would like to find out more about how you can support your child with the purchase of their first home, visit the market open daily from 10am to 5pm. Alternatively visit Persimmon online at: persimmonhomes.com
