Persimmon Homes

Good news for homebuyers as lenders return to 95% mortgages

05 July 2022

The change means new build homes can be purchased with a minimum deposit of 5%.

We all know that in the current market, the biggest hurdle when it comes to buying a new home can be saving up a deposit. Fortunately, select mortgage lenders are increasing the maximum loan to value (LTV) from 90% to 95%, on houses including new builds. This change is great news for first time buyers with a smaller deposit, as well as existing homeowners looking to move.

Depending on the lender, certain conditions may apply such as a maximum loan amount and higher deposits being required for new build flats.

The move to 95% mortgages is also being extended to shared ownership schemes on new builds (houses and flats), meaning those taking part in the shared ownership scheme could put down as little as 5% of their share.

For many buyers, this presents a life-changing opportunity to secure their dream home earlier than expected.

For more information and to find out if you can buy your ideal Persimmon home for as little as 5%, book an appointment with your local sales advisor today.

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At Persimmon we're proud to support our local 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. We also have a programme of community events taking place as part of our partnership with Team GB for the 2024 Paris Olympics, along with other great initiatives. 


Our hugely successful Community Champions programme has already donated more than £1 million to good causes in England, Wales and Scotland. Whilst the programme is running, each of our regional offices makes a donation of up to £6,000 every quarter to local organisations.

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