Buyers’ scheme boost for builder

Mark Cook
Mark Cook
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Persimmon Homes has become the first house builder in Lancashire to offer prospective home buyers access to the Government’s FirstBuy 2 scheme.

The company has signed up with the Homes and Communities Agency to offer the deal, which is designed to help first time buyers into home ownership in a way they can afford.

Bosses believe renewed optimism generated by the scheme is behind a 200 per cent increase in visits to its 20 building sites in the Lancashire region.

At the end of last year the sites were each taking 20 to 30 site visits per week, and now that figure is between 70 and 80.

Mark Cook, managing director of Persimmon Homes Lancashire said: “FirstBuy support is offered through equity loan funding of up to 20 per cent of the purchase price split equally between the Homes and Communities Agency and us, the house builder.

“The first time buyer has to raise funding through a mortgage plus deposit of 80 per cent of the purchase price.

“This is a huge help for people trying to get their first foot on the property ladder and we’re pleased to be able to work with the Government to support the scheme.”

Mr Cook added: “FirstBuy, along with NewBuy and now NewBuy Part Exchange which was launched last week, are all helping to get people moving.

“Visitor numbers to our developments have seen a significant rise in recent weeks and we’re positive that our FirstBuy announcement will see numbers rise even further.”

In the first round of funding, thousands of people were helped onto the property ladder.

Now in this second round, a further £280m is being invested by the Government.

Buyers can reserve their new home under the scheme from this week.