Buyers reach first rung of the property ladder
17 November 2012
Young buyers are finding that snapping up their first home has become a whole lot easier with the help of a loan scheme designed with new home-owners in mind.FirstBuy is a new Government equity loan scheme aimed at helping first-time buyers take that all-important first step onto the property ladder.
Properties have been selling fast at some of Persimmon Homes’ most popular developments across its Southern region. Indeed, Camberley-based Persimmon Homes Southern has taken 22 applications so far across its developments throughout the region, with two completions and many more expected by the end of the year.
Tracey Lee, sales and marketing director for Persimmon Homes Southern, comments: “The Persimmon Group was awarded the largest FirstBuy allocation of any house builder and new buyers have been quick to realise what great news that is. This scheme is enabling first time buyers to get the keys to properties they could previously only dream about.
“We have a wide choice of new homes available to buy using the FirstBuy scheme which is excellent news for the region’s young would-be home owners.”
FirstBuy is aimed at households with an income of less than £60,000 a year, with priority given to first-time buyers. Eligible applicants are offered an equity loan of up to 20 per cent of the purchase price and can then gain a mortgage for the remaining amount.