PERSIMMON HOMES WELCOMES NATIONWIDE’S LAUNCH INTO HELP TO BUY MORTGAGE MARKET ‘Greater choice for buyers and competitive lending rates’
29 March 2019
Persimmon Homes has welcomed news that Nationwide will now be offering its Home Buyer mortgage product range for Help To Buy purchasers, with rates from just 2.54%*.
Persimmon Homes’ group communications director, Steve Roche, today said: “Help To Buy has been hugely popular with prospective house buyers, as it enables people to secure the keys to their perfect home with a deposit of just five per cent.
“Since it was announced by the Chancellor in this year’s Budget statement we have seen hundreds of new homes reserved using the Help To Buy scheme across our Persimmon Homes and Charles Church developments nationwide, and we expect the greater availability of mortgages through the scheme will maintain its popularity.
“The news that Nationwide – one of the biggest lenders in the market – is now able to offer its mortgage products for this shared equity scheme will certainly prove a boost for buyers, giving them a greater choice of lenders and helping to ensure competitive mortgage rates.”
Under the Help To Buy scheme, the Government provides an equity share loan of up to 20 per cent of the purchase price, with the buyer paying a five per cent deposit and raising a mortgage for the remainder.
Nationwide has been a prominent supporter of Government-backed schemes aimed at boosting the housing market. Customers can now access the company’s standard Home Buyer product range which includes fixed rate 75 per cent mortgages starting at 2.54% (with product fee) for new borrowers. Rates may be even lower for existing customers.
In 2012, the Persimmon Group negotiated the legal completions of almost 10,000 new homes in England, Scotland and Wales. The company operates new homes developments under the Persimmon Homes, Charles Church, Westbury Partnerships and Hillreed Homes brands.