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Persimmon Homes

Firstbuy proves a great success in Stourbridge

17 November 2012

Demonstrating the excellent value of the attractive properties being built at the Crystal Mead development in Stourbridge, Persimmon Homes is reporting that since September almost 40 per cent of the housetypes have been reserved by first time buyers.

“Our purchasers are able to purchase a sizeable house, in a great location through the FirstBuy 80 per cent shared equity scheme, which has been a winning combination for many first time buyers in Stourbridge,” states Alison Reading, sales director for Persimmon Homes South Midlands.

Crystal Mead continues to be a success with local househunters and with nine first time buyers reserving since September, it’s clear to see that buying at the development isn’t just an attractive proposition, but an affordable one too.

Alison continues: “FirstBuy is an excellent buying aid for those with limited finances as it allows them to take that all important step onto the property ladder, without a large financial outlay or an extortionate mortgage to worry about.”

FirstBuy offers eligible applicants an equity loan of up to 20 per cent of the purchase price of a property and buyers then gain a mortgage for the remaining 75 per cent after paying a small five per cent deposit.

Crystal Mead offers a stunning collection of homes ideally located in the popular residential area of Wordsley, Stourbridge.

Situated on the site of the Wordsley hospital in Auckland Road, many of the old buildings have been retained and sympathetically restored, including the historic clock tower.

Homes for sale in Wordsley

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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.

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