Persimmon welcomes NewBuy surge as more people realise they can buy a home with five per cent deposit

Leading UK housebuilder Persimmon Homes today welcomed a New Year surge in NewBuy reservations and says it expects the rise to continue as more people become aware of the Government-backed scheme.

The housebuilder also welcomed this week’s launch of an addition to the scheme called NewBuy Part Exchange which will allow builders to buy a client’s existing home, in advance of selling them a new home using the NewBuy scheme.

David Thornton, Persimmon’s group operations director, is responsible nationally for the housebuilder’s sales and marketing. He said: “In the first few weeks of the New Year we have taken 82 reservations with the NewBuy scheme. The additional benefit of being able to offer part exchange too should see these numbers increase further.

“One of the biggest stumbling blocks for many home buyers is the large deposit now required to buy your home. A deposit of just five per cent alongside a decent interest rate will help to get the marketing moving faster.

“The NewBuy scheme, launched last March, was slow to get moving as housebuilders and lenders joined the scheme, but we believe 2013 will see momentum build rapidly.”

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