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.
The leading housebuilder 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.”
To guarantee your new home in time for tinsel and turkey and to find out more about the Helping Hand Shared Equity scheme visit your nearest Persimmon Homes marketing suite or click here.
Notes to editors:
- The Helping Hand Shared Equity Scheme is available on selected plot.
- The equity share can be paid at any time during the agreement.