Shared Equity - A helping hand onto the property ladder

Leading homebuilder Persimmon Homes East Midlands has launched its popular 85 per cent shared equity scheme its Burfield Heights development in Witham St Hughs to assist more househunters secure the home of their dreams.

There’s no denying that in the current marketplace, securing a mortgage for a new home is still proving quite tough. But thanks to the shared equity scheme, property ownership has never been so attractive or affordable for a wide range of purchaser groups.

“Shared equity isn’t just available to first time buyers at Burfield Heights, not only are our two and three bedroom homes available through the scheme, but a limited collection of four bedroom housetypes are eligible too,” states David Hodgson, sales director for Persimmon Homes East Midlands.

Persimmon has already received a great deal of interest in the properties available with shared equity, especially from families who feel trapped in rented accommodation as they’re unable to raise a large deposit.

Plus with prices start from just £110,457 for a two bedroom house, from £127,457 for a three bedroom design and from £183,557 for a four bedroom housetype, the homebuilder believes the latest collection of properties will be snapped up within a matter of weeks.

David adds: “By choosing shared equity our purchasers are eligible for a wider variety of competitive mortgage products and as we only require a small five per cent deposit purchasing a starter or family home at Burfield Heights is an extremely affordable option. It really is a win-win situation for househunters.”

A brand new showhome has just launched at Burfield Heights and interested parties are being invited to come and see how these beautiful homes will look when complete.

Located within easy reach of both Lincoln and Newark-on-Trent, Burfield Heights, is set on the peaceful site of a former RAF base near Swinderby, Lincolnshire and offers access to many of the region’s main roads, including the A1.

For further information on homes available, visit: persimmonhomes.com