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Persimmon Homes

Persimmon Homes Group Chief Executive Welcomes Government’s Statement on NewBuy Guarantee Scheme

12 March 2012

The group CEO of one of the UK’s leading housebuilders has welcomed today’s statement by the Government detailing plans for the introduction of the NewBuy mortgage guarantee product.

Mike Farley, group chief executive of Persimmon, said the new mortgage indemnity scheme would help buyers in to the property market, could potentially create thousands of jobs in the industry and will help stimulate the economy.

He said: “For many years the housing market has been held back because buyers have been unable to raise the 20 to 25 per cent deposit that lenders require.

“This scheme will provide a much needed shot in the arm for the whole housing sector, enabling people to buy a newly built home with a deposit of as little as five per cent, benefitting both first time buyers and those looking to move up the housing ladder.”

Further information can be found on our NewBuy scheme page.

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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.

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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.

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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.

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