*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

Housebuilder declares it’s cheaper to buy for Bridlington house hunters

17 November 2012

Persimmon Homes Yorkshire is giving a helping hand to people trying to get on the property ladder in East Riding, demonstrating that, for many, it really is cheaper to buy than to rent.

Bridlington house hunters can save up to £25 per week when purchasing a home through the Government-backed, FirstBuy, initiative, according to Persimmon Homes.

Its Cloisters development, off Gordon Road, is throwing a property lifeline to those struggling to raise the large deposit demanded by many lenders as Kevin Thubron, sales director of Persimmon Homes Yorkshire explained.

He said: “We are very aware of how hard it is for some people trying to get their first foot on the housing ladder and there can often be a misconception that renting is the cheaper option.

“The FirstBuy scheme is available on a number of the Cloisters’ one and two bedroom apartments and enables a purchaser to provide just a five per cent deposit and secure a 75 per cent mortgage.

“By utilising our home of the week incentive prospective buyers of our one bedroom apartments can be paying in the region of £61* a per week compared to £86 a week if renting.

“What’s more, with rental prices continuing to rise, this scheme means mortgage repayments will continue to deliver greater affordability than weekly rental costs.”

Under the FirstBuy initiative, home owners require a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent of the purchase price is made up of a 10 per cent loan from the Government and a 10 per cent loan from Persimmon Homes.

Kevin continued: “This coastal development is ideally suited for first time buyers and we look forward to introducing the benefits of the FirstBuy scheme to more househunters as a way to secure a home of their own and avoid paying the increasing rental charges.”

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