*We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies.
More info
Persimmon Homes

House move a dream come true for ex-renter

02 September 2014

A 26-year-old surveyor has just picked up the keys to his own home after deciding he would prefer to pay his own mortgage rather than continuing to pay rent.

Luke Bowditch has finally realised the dream of owning his own home after he moved into a two-bedroom coach house built by Persimmon Homes South West in Plymouth.

Two years ago, Luke decided he had had enough of renting and moved back in with his mother so that he could save enough money for a deposit to buy his own place.

He said: “It was the best thing I could have done. I had worked out how much money I had spent on rent in the previous 18 months and realised that if I had saved it instead I would have enough to buy my own home. Why pay for someone else’s mortgage when I can buy my own place? It made financial sense.”

“I decided to look around and discovered Saltram Meadow. The sales advisor put me in touch with a financial advisor and I realised that through Help to Buy I could afford my own place. It was a dream come true.”

“When the coach house was released for sale, the advisor got in touch with me. It was really straightforward as I had the deposit and there was no chain and I jumped at the chance to buy it.”

“Compared to my current mortgage payment, I paid £200 more to rent and now find myself living in a house that is spot-on for me.”

“The whole process only took about nine weeks from the day I said yes to the day I got the keys. The sales advisor handled it all and helped me with absolutely everything. It was brilliant and I could not recommend Persimmon enough.”

Saltram Meadow comprises a range of one, two, three, four and five-bedroom houses, cottages, and apartments and is part of the redevelopment of Plymstock Quarry.

Nina Hester, sales and marketing director for Persimmon Homes South West, said: “It is very rewarding for us when you hand over the keys to someone like Luke who has worked hard to buy his own home. Schemes such as Help to Buy mean there is the opportunity now for first-time buyers to move into their ideal home.”

Under the Government-backed Help to Buy scheme, buyers only need a 5% deposit along with a 75% mortgage. The rest is made up with a 20% equity loan, which is interest and repayment free for the first five years.

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.

Annotation 2020 09 03 113957

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.

Annotation 2020 09 03 114032

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.

#lovemypersimmonhome