Escape the Minster rent race

If you think you could be trapped in the rental market because you think you can’t afford to buy your own place then think again as Persimmon Homes South East is one housebuilder proving that homeownership is within reach for at its Minster development, Heronsbrook.

Typical rent on a two bedroom apartment in Minster, according to an independent financial adviser, costs in the region of £600 per calendar month however, with the company’s commitment to its 75 per cent shared equity scheme, would-be-buyers could buy a brand new apartment at the Minster development yet pay just £490 a month in mortgage repayments.

Alternatively there is also 80 per cent shared equity being offered on the three bedroom houses, meaning purchasers could pay approximately £910 per month for a Bargate housetype.

“Anyone who is frittering away money in a rental property thinking they can’t afford a new home of their own, or believe they can’t stretch to taking out a mortgage needs to talk to us as in some instances people’s rent is equal to, or in some instances, actually more than mortgage repayments,” comments Julia Price, sales director for Persimmon Homes South East.

She continues: “Competitive house prices coupled with tailored deals to get househunters on the move and an interest rate at its lowest in its 315-year history, means it’s a buyers market and proves that purchasing has never been so easy, or affordable.”

Currently available at Heronsbrook is a wide selection of two bedroom apartments, a collection of differing three bedroom houses and a number of four bedroom family homes.

Heronsbrook has excellent transport links whether visiting the local towns or travelling further afield with the use of the train station situated within two miles or the A2 which is 12 miles away. This enables families to achieve the benefits of living in a rural location while also being able to easily commute to the necessary locations.

For more information, visit persimmonhomes.com.