Minimal deposit required with Persimmon in Sudbury

With a report highlighting that first time buyers are currently required to raise an average of £37,233 deposit to buy a starter home, it’s no wonder they’re being put off buying their first pad, but thanks to Persimmon in Sudbury a deposit of little over £5,000 is required to enable purchasers to secure their dream home.

“Our stylish two bedroom Chiswick houses at our stunning Stour Croft development are continuing to be a hit with young househunters as their spacious interiors not only represent an enviable place to live, but also fantastic value for money,” comments Jon Gibbs, sales director for Persimmon Homes Anglia.

With Persimmon’s commitment to the 70 per cent shared equity HomeBuy Direct scheme at Stour Croft in Sudbury, the attractive houses start from just £101,465, meaning just a five per cent deposit of £5,073 is required.

Independent financial adviser, Jason Blunden of Evolve Financial Solutions, works with Persimmon to enable househunters to afford their home with financial ease. He states: “Many first time buyers with only a small deposit come to me thinking they’ll only be able to afford a studio flat in an undesirable area, but thanks to schemes such as Persimmon’s shared equity incentive at Stour Croft, those purchasing their first home can afford so much more and in an attractive area, it’s a win-win situation.”

In addition, when buying a brand new property from the leading homebuilder, first time buyers can be safe in the knowledge that they will be guided through the purchasing process by Persimmon’s expert sales advisers.

Jon adds: “Buying a property can become quite complicated, which is why I’d like to reassure our purchasers that we’re here every step of the way to assist them with buying their dream home.”

Through the shared equity scheme, purchasers initially pay for just 70 per cent of the purchase price, deferring payment on the remaining 30 per cent, which is interest and repayment free for five years.

The picturesque town of Sudbury, located one of mile away, offers an abundance of local amenities including shops, restaurants and pubs as well as leisure facilities and a monthly farmers market. The development itself is situated ideally for those wanting to commute, with Colchester just a short drive away via the A13.

If you are interested in the properties available at Stour Croft, contact the marketing suite open Thursday to Sunday from 10.30am to 5.30pm and on Monday from 11.30am to 5.30pm.