UK: Home loan scheme boosts Persimmon
- Credit: PA
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.
You may also want to watch:
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.
- 1 'Beautiful inside and out': Tragedy as mum dies 48 hours after giving birth
- 2 Jeffers set for Ipswich Town coaching role
- 4 Ipswich Town reveal full retained list as six first-teamers get extended stays and eight depart
- 5 'The honour of my life' - Chambers' message to Town fans after departure confirmed
- 6 Former judge's widow on trial for sex abuse of young boy in 1980s
- 7 Woman taken to hospital after being hit by car
- 8 More than £23k raised in memory of mum who died 2 days after giving birth
- 9 Armed police box in cars on A12 after men seen 'fighting with swords'
- 10 Hospital waives car parking charges for 'those who need it most'