How Persimmon schemes could get you in your first home sooner
Buying your first home doesn’t have to feel out of reach — with the right support, expert guidance and flexible schemes in place, your journey to homeownership could begin earlier than you imagined.
Key takeaways
- Persimmon offers a range of schemes to help first time buyers make homeownership more accessible.
- New Build Boost allows you to buy with a 5% deposit plus a 15% interest-free equity loan.
- Deposit Boost can enhance your savings and increase your buying power.
- Deposit Match helps grow your deposit by matching what you’ve saved.
- Staircase Shared Ownership allows you to buy a share of your home and increase it over time.
- Independent mortgage advice is available to help you understand how to help to buy a house with confidence.
Taking your first step onto the property ladder is an exciting milestone — but we know it can also feel overwhelming. Saving for a deposit, understanding mortgages and figuring out where to start are all part of the journey.
At Persimmon, we’re passionate about making homeownership achievable. That’s why we offer a range of tailored first time buyer scheme options designed to reduce upfront costs and make monthly payments more manageable.
If you're seeking help to buy a house sooner rather than later, here’s how we could support you.
New Build Boost – boosting your buying power
Saving a large deposit can take years. With New Build Boost, you may only need a 5% deposit to secure your brand-new Persimmon home on selected developments.
Here’s how it works:
- You provide a 5% deposit.
- An additional 15% interest-free equity loan is provided through our lending partner.
- You secure a mortgage for the remaining 80%.
Because the equity loan is interest-free for the first five years, it gives you breathing space as you settle into homeownership. It can also increase your purchasing power, meaning you might be able to afford a home that better suits your needs.
This is one of the most effective schemes to help first time buyers, as it directly tackles the deposit challenge.
Deposit Boost – enhancing what you’ve already saved
Already have a deposit saved? Deposit Boost could help stretch it further.
On selected homes, we at Persimmon might be able to contribute an additional 5% towards your deposit. For example, if you want to buy a £200,000 home and have already saved a 10% deposit of £20,000, we could add a further £10,000, giving you a total deposit of 15%.
A larger deposit can mean access to better mortgage rates and reduced monthly payments — giving you long-term financial benefits.
Deposit Match – we match what you’ve saved
If you’ve been working hard to build your deposit, Deposit Match could help you get there faster.
If you’ve saved 5% towards a Persimmon home, we could match it — helping you reach a stronger 10% deposit position. Available on selected homes, this scheme gives you the chance to effectively double your savings.
A larger deposit can:
- Improve your mortgage options
- Potentially secure a better interest rate
- Reduce your monthly repayments
It’s a straightforward way to help accelerate your journey to homeownership and one of the most practical schemes to help first time buyers who are already close to their goal.
Availability varies by development, so it’s always worth asking your local team what’s currently on offer.
Shared Ownership – with Staircasing flexibility
If buying a home outright feels out of reach right now, Shared Ownership could offer a more gradual route into homeownership.
With this option, you purchase a share of your home — usually between 10% and 75% — and pay rent on the remaining portion. Because you’re only buying a share, your deposit and mortgage are based on that percentage, which can significantly reduce upfront costs.
The added benefit? Staircasing.
Staircasing allows you to increase your ownership share over time. As your financial situation improves, you can buy additional shares in your home until you potentially own 100%.
This flexibility makes Shared Ownership one of the most adaptable first time buyer scheme options available. It’s designed to help you step onto the ladder now, with the opportunity to grow your ownership in the future.
Expert mortgage support
When it comes to finding help to buy a house, schemes are just one element - it’s also about choosing the right mortgage.
That’s why we can introduce you to expert independent financial advisors who will:
- Check your affordability
- Explain mortgage options clearly
- Help you understand interest rates and loan-to-value ratios
- Support you through your application
Many first time buyers are pleasantly surprised to find that mortgage payments can be comparable to current rental costs. If you’re already paying rent each month, it could be worth exploring whether that money could go towards your own home instead.
The benefits of buying new
When you choose a Persimmon home, you’re getting more than just four walls.
Our new build homes are designed with modern living in mind, offering:
- Energy-efficient features that could help reduce household bills
- Contemporary interiors with new appliances
- Thoughtfully designed layouts
- A 10-year new homes warranty for added peace of mind
Pair these benefits with our tailored schemes to help first time buyers, and you can see how accessible and stress-free the journey to homeownership can be.
Ready to take the next step?
Your journey to homeownership could be closer than you think.
If you’re exploring schemes to help first time buyers, now is the perfect time to find out what’s available near you.
Frequently Asked Questions
At Persimmon we offer a range of schemes to make homeownership more accessible, with some specifically designed to support first time buyers. These schemes can reduce deposit requirements, lower mortgage payments or provide additional financial support to help you buy your first home.
With schemes like Deposit Boost and Deposit Match, you may only need a 5% deposit on selected homes. Eligibility and availability vary, so it’s best to speak to your local Persimmon sales advisor for tailored guidance.
The best way to find out is to contact your local Persimmon development. Our team will explain the schemes available in your area and help you understand how to help to buy a house in a way that works for your budget.
Ready to start your homeownership journey?
Get in touch with our team today and discover how our tailored first time buyer scheme options could help you secure your first home sooner.
