Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 8°C

ESTD 1874 Search

UK: Home loan scheme boosts Persimmon

16:00 16 April 2014

Persimmon says it has sold more than 5,000 homes under the Governments Help to Buy scheme since its launch last April

Persimmon says it has sold more than 5,000 homes under the Governments Help to Buy scheme since its launch last April


One of Britain’s biggest housebuilders has now sold more than 5,000 homes under the Government’s Help to Buy scheme since its launch last April.

Persimmon, which trades as Charles Church and Westbury Partnerships, gave another positive update on trading today after reporting current total forward sales of £1.87 billion for 2014, a 35% rise on a year earlier.

It said it has sold 5,000 new homes to customers in England using mortgages associated with the Government-backed Help to Buy scheme, which offers equity loans on new builds to help buyers secure properties with a 5% deposit.

A further 600 homes have also been sold in Scotland and Wales to customers using similar mortgage products.

It said the recently announced extension of Help to Buy from March 2016 to March 2020 meant housebuilders will have the opportunity to increase the industry’s development commitments in order to support demand.

Persimmon, which currently has around 400 active sites in the UK, said visitor levels were up 10% so far this year against the same period a year earlier.

Its weekly private sales rate per site was 25% ahead of the prior year, with an average selling price of around £200,400 - a 3% increase.

Search hundreds of local jobs at Jobs24


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Sandy Jackson - Mark Westley Photography

British Gas has been forced to backtrack after repeatedly billing a 91-year-old great-grandmother for hundreds of pounds more than she owed.

Tim King, group fleet manager at Turners (Soham), left, takes delivery of the firm's newest truck from Eddie Hennessy, regional manager of DAF Trucks UK, representing regional dealership Chassis Cab. 
Photo: Keith Mindham Photography

Suffolk-based logistics company Turners (Soham) Ltd has reported increased annual revenues and profit, and says it is “well placed” for further success despite competitive market conditions.

Ian Thoroughgood, associate director at Grant Thornton in Ipswich, with Jonathan Agar, chief executive of Birketts.

Business advisers firm Grant Thorton is to unveil its 15th “Suffolk Limited” report next month on how the county’s leading businesses have performed over the past year.

Colleagues at Care UK's Peninsula NHS Treatment Centre.

Colchester-based Care UK is celebrating after one of its nine NHS treatment centres across the country achieved an overall “Outstanding” rating from the Care Quality Commission (CQC).

The Lloyds Bank School for Social Entrepreneurs graduates.

Seventeen entrepreneurs from School for Social Entrepreneurs East, at Ipswich Waterfront have graduated from Lloyds Bank Social Entrepreneurs Programme


Show Job Lists

Most read

Most commented

Topic pages


Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24