*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

Why rent when you can buy in Gloucestershire

25 November 2013

Persimmon Homes Severn Valley says it is now cheaper to buy a brand new home at one of its developments than it is to rent – thanks to a new Government–backed scheme.

The leading Gloucestershire housebuilder says buyers could purchase a brand new four-bedroom townhouse at Manor Park in Quedgeley for a monthly mortgage of just £599 using the Help to Buy Scheme – almost £250 less than it would cost to rent the same home.

The success of Help to Buy means there has never been a better time for first-time and next-time buyers to get their feet firmly on the property ladder.

Nicola Reed, sales and marketing director for Persimmon Homes Severn Valley, said latest figures showed it could now be almost 30 per cent more expensive to rent a home than to buy it.

“With the long-term forecast indicating that rent will continue to go up, there is no better option than to buy right now.”

"At our Manor Park development in Quedgeley we can help make it easier for prospective purchasers to take that all important step on to the property ladder and start investing in their own futures.”

Four-bedroom homes at Manor Park start from £185,000. That can be reduced to £148,000 under the Help to Buy scheme, where the buyer meets 75 per cent of the cost and pays a five per cent deposit of £9,250 The Government then makes up the shortfall through an equity share loan.

Nicola said that a new buyer could move in to a three bedroom house for a monthly mortgage of just £599 whilst it would cost up to £849 to rent the same home.

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.