Overcast

Overcast

max temp: 14°C

min temp: 9°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

Archant

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.

shares

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.

shares

0 comments

Welcome , please leave your message below.

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

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

The vandals tore through Bury St Edmunds

A drunken “night of madness” saw vandals rack up over £5,000 of damage to cars, pubs and property as they roamed the streets of Bury St Edmunds.

Josephine Murphy

An 86-year-old woman who had gone missing from Clacton has been found safe and well

Aftermath of a barn fire in Holton.

A television antiques expert has appealed for help rebuilding his eco-friendly arts centre in Suffolk after a major blaze destroyed the historic sawmill that was to be its showroom and workshops.

Tim Yeo

An outgoing Suffolk MP has denied reports he stands to make more than £500,000 from the sale of his second home, which was part-subsidised by the taxpayer – saying he plans to keep the London property.

Stansted Airport

Aircraft pilots were targeted with lasers around Stansted Airport 45 times last year.

Darsham Nurseries head chef Lola DeMille and chef Tom Eagle in the cafe where they are donating money from one of the dishes to the World Land Trust.

An international conservation charity based in Suffolk is one of three organisations to benefit from a new campaign raising awareness about the impact of meat production on health, welfare and the environment.

Suffolk County Council's base at Endeavour House

Up to 23 jobs could go in a major shake-up of Suffolk County Council’s education services.

Latitude Festival, at the Henham Estate near Southwold

Suffolk poet Luke Wright has seen the Latitude festival grow from a modest boutique gathering in 2006 to one of Britain’s biggest music and arts events.

Last year's Colchester Half Marathon.

Thousands of people will be pounding the streets of Colchester tomorrow as the town’s half marathon event returns.

.The Patrick Stead Hospital, Halesworth.
Photo: Nick Butcher
Copy: Sarah Brealey
For: EDP / Weeklies
EDP pics © 2007
(01603) 772434

Community leaders and concerned patients have raised fears for the future of a Suffolk hospital.

Most read

Most commented

Topic pages