East Anglia: Persimmon reports surge in demand for homes under NewBuy scheme

Andrew Fuller, managing director of Persimmon Homes Anglia

Andrew Fuller, managing director of Persimmon Homes Anglia - Credit: Archant

THE regional head of housebuilder Persimmon has reported a New Year surge in NewBuy reservations, and says he expects the increase to continue as more people become aware of the Government-backed scheme.

Andrew Fuller, manager director of Persimmon Homes Anglia, 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.

“In the first few weeks of the New Year Persimmon has taken 82 reservations with the NewBuy scheme; the additional benefit of being able to offer part exchange too should see these numbers increase further,” said Mr Fuller.

“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 market 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.”

Persimmon Homes Anglia operates throughout Suffolk and Norfolk, with its current developments including sites in Hadleigh, Great Cornard, Mildenhall, Diss, Halteston, Wymondham and Norwich.