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.
Buying schemes for 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.
Deposit Boost
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.
Bank of Mum and Dad
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!
Deposit Unlock
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.
Own New Rate Reducer
If you're looking for lower monthly payments to make a mortgage more affordable, Own New Rate Reducer could be the ideal scheme for you.
Available to both first time buyers and existing homeowners - but particularly useful if you need a helping hand onto the ladder - Rate Reducer is a mortgage products that gives you significantly lower interest rates in the initial 2 or 5-year mortgage period.
You could own your own home, save hundreds of pounds in mortgage payments each month, and have more to spend on enjoying life in your new space.
Buying schemes for existing homeowners
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.
Part Exchange
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.
Home Change
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.
Armed Forces, Key Worker and NHS Discount
This scheme is our way of saying thank you if you’re serving in the Armed Forces or working as a key worker, for example, in the police force or NHS, and looking to buy your first or next home.
With our Armed Forces, Key Worker and NHS Discount, eligible buyers receive a £500 discount for every £25,000 spent on the purchase price of their new Persimmon home.
We’re proud to support those who support our communities.
New Build Boost by Gen H
Say you want to buy a Persimmon home that costs £250,000, and you’ve saved a deposit of £12,500 (5%).
If New Build Boost is available on this home, Gen H could provide a standard mortgage* of up to 80% (£200,000). The remaining 15% will be made up by an interest-free boost (equity loan), also from Gen H.
As the 15% loan is interest-free for the lifetime of the loan, it will boost your affordability and potentially increase the amount that you can borrow from Gen H, helping you to buy your dream home.
Deposit Match
Deposit Match is a simple and effective way to make homeownership a reality. For example, if the home you wanted to buy was £200,000, you would need to have a deposit of at least £10,000 (5%). With Deposit Match, we would contribute an additional £10,000 (another 5%), giving you a total deposit of £20,000 (10%).
This means you’ll start your homeownership journey with a larger deposit, making it easier to take that next step by securing a smaller mortgage at a lower interest rate.
All offers are available on selected plots only. For individual scheme T&Cs, visit the full pages on our website.
