Parent Payback
Mum and Dad help with your deposit,
You repay them with love and affection...(and 5% interest).
At Persimmon we understand how difficult it is to save a deposit for your first home, especially when interest rates on your savings are so low. That's why we've introduced Parent Payback, an offer which could help you get on the property ladder sooner than you think. If Mum and Dad (or any close relative, in fact) can help with a deposit for your first home, they could earn a whopping 5% interest on their investment for 2 years - now that's Persimmon Perfect!
Find out how Parent Payback helped young couple onto property ladder.
This is how Parent Payback works:
- You choose your dream Persimmon home from one of our outstanding developments.
- Mum and Dad (or close relative) provide up to 20% of the purchase price of your new home, which will form the deposit.
- They earn 5% interest per annum on this investment for 2 years.
Don't delay, visit your nearest Persimmon housing development to find out more.
*Offer based on Persimmon Homes paying 5% interest, payable annually in arrears for 2 years on funds deposited up to a maximum of 20% of purchase price. Only available on selected plots and developments and not to be used in conjunction with any other offer. Subject to status, terms and conditions and using a Persimmon-nominated solicitor and/or financial adviser as necessary. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.