Buyers reach first rung of property ladder with Persimmon & FirstBuy

Young buyers are finding that snapping up their first home has become a whole lot easier with the help of a loan scheme designed with new home-owners in mind.

FirstBuy is a new Government equity loan scheme aimed at helping first-time buyers take that all-important first step onto the property ladder.

Properties have been selling fast at some of Persimmon Homes’ most popular developments across the North Midlands. Indeed, Leicester-based Persimmon Homes has taken 35 applications so far across its developments throughout the region, with two completions and many more expected by the end of the year.

Mariana Knight, sales and marketing director for Persimmon Homes North Midlands, comments: “The Persimmon Group was awarded the largest FirstBuy allocation of any house builder and new buyers have been quick to realise what great news that is. This scheme is enabling first time buyers to get the keys to properties they could previously only dream about.

“We have a wide choice of new homes available to buy using the FirstBuy scheme which is excellent news for the region’s young would-be home owners.”

FirstBuy is aimed at households with an income of less than £60,000 a year, with priority given to first-time buyers. Eligible applicants are offered an equity loan of up to 20 per cent of the purchase price and can then gain a mortgage for the remaining amount.

For information about the range of properties available under the FirstBuy scheme at any of Persimmon Homes’ developments across Nottinghamshire, Derbyshire, Staffordshire, Leicestershire and Warwickshire, visit persimmonhomes.com.