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Persimmon Homes

Your mortgage options

A mortgage will be arguably the most significant financial commitment you ever make, so it’s worth spending some time finding the right one.

Finding the right mortgage for you

On the surface, mortgages are a minefield of different products and confusing terms, yet there are a few fundamental basics they all have in common. Before you start looking, it’s worth looking at the different types of mortgages available to you and learning how they work.

Standard Variable rate – with a standard variable rate mortgage your payments may go up or down as the lender adjusts their rate in line with general interest rates.

Fixed-rate – if you like the idea of the same mortgage payment each month, then this may be the ideal choice. The rate of interest on these loans is usually fixed for a set period of time.

Capped-rate – with a capped rate mortgage your payments are guaranteed not to rise above a pre-agreed amount. Unlike a fixed mortgage, you’ll also benefit from lower monthly payments if the interest rate goes down.

Tracker – this type of loan ‘tracks’ movements in the Bank of England base rate for a specified period of time. So, if the base rate falls, borrowers can look forward to lower monthly payments.

Cashback – if you’re looking for a mortgage that gives you extra cash to spend when you move in, a cashback option could be the answer. This could be anything from a one-off payment of £200 to a percentage of the overall loan.

Flexible/Australian – with this kind of loan, you have a greater degree of flexibility in how you repay. So, you can pay more when you have more money and pay less or take a payment holiday when you have less to spend.

Offset/Current Account – this combines your mortgage, current account, and savings account into one and uses spare cash in your current account and savings to reduce your mortgage payments.

If you'd like help to choose the right mortgage, we can put you in touch with one of our independent financial advisors.

Finishing Touches

Create a look that's as individual as you are. Add the finishing touches to your Persimmon home.

Supporting your communities

Our Community Champions programme was established in 2015 and has already donated more than £3 million to over 3,500 good causes across Great Britain. Every month whilst the programme is running, our 32 regional businesses together give away 64 donations of up to £1,000 each. It's easy to apply for your local good cause.

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Persimmon Homes is delighted to be joining forces with Team GB: the Great Britain and Northern Ireland Olympic Team run by the British Olympic Association, to give away an amazing £1 million to support children across England, Wales and Scotland.

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Our hugely successful Community Champions programme has already donated more than £1 million to good causes in England, Wales and Scotland. Every month we give away 60 donations of up to £1,000 each to local groups and charities.

Showcase your style

Why not share your own photos on Instagram using #lovemypersimmonhome for a chance to win a £100 Next voucher. Visit our Facebook page for terms and conditions.