Hampshire couple climb the property ladder with NewBuy
10 December 2012
A Hampshire couple are enjoying some spacious living after upsizing their home thanks to Persimmon Homes South Coast
Using Persimmon’s Part Exchange and the Government-backed NewBuy scheme, Matt Howarth and his wife Amy Merrell have room to move in their brand new three bedroom home on the Picket Twenty development in Andover.
“We put our two bedroom Wiltshire apartment on the market about five months ago,” said Matt, “and although we had some interest in it, potential buyers always backed out at the last minute.
“But with Persimmon’s Part Exchange, all of the worry and hassle was taken away, and we were able to find our dream home with Persimmon, while they took over all the pressure of selling our first home.”
Matt and Amy both work full time, so time was in short supply for the couple, who had spent six months searching for the perfect home.
“We looked at lots of different locations, but Andover was definitely the best option for us work-wise and Picket Twenty ticked all of the boxes.
“But without the NewBuy scheme we wouldn’t have been able to move: there is no way we would have been able to afford it.
“All of the advisors at Persimmon were brilliant; they sat with us and outlined all of our options and were really helpful. We didn’t know too much about NewBuy, but it was certainly the right scheme for us.”
NewBuy is a mortgage indemnity scheme that allows people the chance to buy a new home with only a five per cent deposit. NewBuy opens up a 95 per cent mortgage product to both first time buyers and those looking to move up the property ladder, allowing people to buy the home they want and need.