Persimmon Homes Budget 2013 reaction
20 March 2013
Steve Roche, Persimmon Homes’ group communications director, said: “We obviously welcome the Help To Buy initiative announced today by Chancellor George Osborne.“Since Christmas, we have already seen the market begin to improve with initiatives including FirstBuy and NewBuy.
“From the information released to date, we are very pleased that the Government recognises the importance that the new homes industry plays in the much needed growth of the UK economy.
“We understand that Help to Buy is made up of two schemes – “equity loan” where the Government will loan home buyers up to 20% of the value of their new build home and “mortgage guarantee” where lenders will be incentivised to make more mortgages available for people with small deposits.
“We believe that these two initiatives complement the schemes currently available and will help create much needed movement within all levels of the housing market.
“We now actively await further information.”