Get to know our schemes
We know that every one of our buyers is different, from first time buyers to those seeking more space for a family, and from those with smaller to deposits to those with homes to sell. Here’s a guide to finding out which of our buying schemes could be right for you.
First time buyers
Are you ready to take your first step onto the housing ladder? If you’re a first time buyer, we operate a range of buying schemes that could be perfect for you.
Already have a 10% deposit? Using the Deposit Boost scheme, if you’ve saved a 10% deposit for a Persimmon home, we could boost it by providing an additional 5%, giving you a total deposit of 15%.
For example, if the home you wanted to buy was £200,000, you would need to have a deposit of at least £20,000 (10%). Using Deposit Boost, we could add an additional £10,000 (5% of the sale price), giving you a total deposit of 15%.
This would mean you'd only need to borrow 85%, you might be able to secure a more favourable rate.
This scheme is a great option if you have a parent or family member who’s able to help out with your first home purchase.
With Bank of Mum & Dad, if your parent of family member gifts you a minimum of 5% of the purchase price of you first home, they'll receive a thank you of £2,000 from us after completion. We'll help them out, for helping you out!
Saving up a deposit towards your first home is a huge feat, with the rising costs of living and rent that 10% can be hard to achieve. Fortunately, Deposit Unlock is a mortgage guarantee product that allows you to buy a new-build home with a deposit of just 5%.
If you're a first time buyer (or already own a home) you can secure selected new Persimmon homes up to the value of £750,000, with a deposit of just 5% of the purchase price.
Buying schemes aren’t limited to first time buyers – we know that selling your home and purchasing a new house can be a stressful experience, not to mention expensive. That’s why we operate schemes that could be ideal if you’re moving from your current home into a Persimmon new build.
Complicated chains, time constraints and estate agent fees are just some of the added pressures that come with selling your home. With Part Exchange, we’ll buy your home, leaving you free to go ahead and purchase your new Persimmon home.
We’ll organise the sale of your home from start to finish, including agreeing a fair price and appointing estate agents so you don’t have to. No fees, no hassle, and no chain to hold up your move.
Busy lives and pricey selling costs can make the process of selling your own home hard work - this is why we offer Home Change.
If you choose to buy using Home Change, we’ll help facilitate the marketing of your existing home to find you a buyer, and then manage the sale, rather than buying the property ourselves. It’s another great option that takes the additional cost and stress out of moving.