*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

Persimmon Homes Scotland welcomes launch of Help to Buy Scotland

14 October 2013

Persimmon Homes has today welcomed the Scottish Deputy First Minister’s announcement of a new £220m Government shared equity housing scheme.

John Cassie, Persimmon Homes’ regional chairman in Scotland, said the announcement was fantastic news for people looking to purchase new homes but also for the wider economy in the country.

“Today’s announcement of Help to Buy Scotland by the Scottish Deputy First Minister, Nicola Sturgeon, is set to have a huge impact on the housing market in Scotland. As well as delivering greater access to more new homes, the scheme will also bring more jobs into the industry, which is good news for the whole country.”

Help to Buy is proving extremely popular in England, and the Scottish scheme has been greatly anticipated by home buyers across the country.

The scheme enables all purchasers, not just first-time buyers, to put down a five per cent deposit on a new-build home – much less than most banks now demand – with up to 20 per cent of the cost of the home funded by a shared-equity loan, linked to the property's value but interest-free. Buyers can purchase a new build home up to the value of £400,000.

Help to Buy Scotland will be offered to home buyers with immediate effect from Monday 30 September and will last for three years until March 2016.

Lenders already signed up to the Scottish scheme are Bank of Scotland (including Halifax), Nationwide and Barclays. Discussions are ongoing with other lenders and it is hoped the number of lenders participating will increase as the scheme progresses.

Help to Buy Scotland will largely follow the English program, but with one main difference – no interest will be charged by the Scottish Government on the second charge element for the whole term of the arrangement. In England, interest is charged after five years.

For more information visit your nearest Persimmon development.

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.