Why now is the time to buy your dream home

With a combination of steady house prices and the rising cost of renting, Persimmon Homes South Midlands is reporting it’s once again cheaper to buy a property.

This will come as welcome news for first time buyers in Birmingham as properties at the inviting Mitchells Brook development are priced extremely competitively to allow purchasers to buy their first home with relative financial ease.

“With interest rates continuing to remain low, monthly mortgage repayments are reported to be £558 for one of our three bedroom houses at Mitchells Brook, which is approximately £70 less per month than the cost of renting a property in the area,” states Alison Reading, sales director for Persimmon Homes South Midlands.

She adds: “Because of this we’re seeing a great number of new visitors to Mitchells Brook development, all looking to take their first step onto the property ladder into a sizeable brand new house instead of being caught out by having to live in a smaller apartment in the rental market.”

Persimmon Homes is offering the 80 per cent shared equity scheme FirstBuy on several of the welcoming three bedroom housetypes at Mitchells Brook, which have been impressing first time buyers looking for somewhere truly special to call home.

Alison continues: “We are one of just a handful of developers in the area offering the attractive FirstBuy incentive. This means homebuyers can only purchase a beautiful three bedroom house, with just a small five per cent deposit to pay.”

The three bedroom Atcham housetype available through FirstBuy is priced at just £123,996 through the scheme. In addition to the range of three bedroom homes on offer, Persimmon boasts a stunning collection of four bedroom family homes, ideal for those who require space in abundance. Prices start from £199,995 for the four bedroom Millwood housetype.

For more information, visit persimmonhomes.com.