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Persimmon Homes

Persimmon Homes offers a helping hand for Scotland's house hunters this Christmas

12 November 2014

Persimmon Homes Scotland is the first new home developer to offer a genuine lifeline to house hunters across Scotland out of its own pockets in time for Christmas.

Persimmon Homes is urging prospective buyers to contact their nearest marketing suite to understand how their new Helping Hand Shared Equity scheme can open the door to home ownership.

Designed for those struggling to get on the property ladder or afford the home they want, Persimmon's Helping Hand Shared Equity scheme enables purchasers to secure a mortgage for as little as 75 per cent of the value of the property, with just a 5 per cent deposit, and Persimmon will take care of the remaining 20 per cent.

The Persimmon loan is interest free for the first 5 years with interest being payable monthly after year 6. Buyers will own 100 per cent of their new home and simply repay any outstanding loan when they sell the property, or when their mortgage is paid off.

John Cassie, Persimmon Homes Scottish regional chairman, says: “People can no longer rely on the same ease of access to finance through the mortgage market as they have done in previous years and with Help to Buy Scotland no longer available until after March 2015 we recognised that there was a need to bridge the gap.

“We are continually looking at ways in which we can support home buyers and believe that the Helping Hand Shared Equity scheme is a much needed lifeline for customers wanting to get on and climb up the property ladder in the current climate.

“We are delighted to be the first builder in Scotland to launch such a scheme and look forward to introducing its many benefits to future customers. Persimmon Homes has a wide choice of homes available throughout Scotland for both first time buyers and those looking to take a step up the property ladder.

John added: “We have a team of highly trained sales advisors on hand at each of our developments to help people move into their dream home in time for Christmas.”

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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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