Download You pay just 85% now but own 100%

You pay just 85% now
but own 100%*
A HELPING HAND FOR HOMEBUYERS!
If you’re struggling to afford the home
you want, or even to get started on the
property ladder, we have a scheme that
can help. With Helping Hand Plus you
pay just 85% of the value of a new
Persimmon Home, and we’ll take care
of the remaining 15%. You will own
100% of the property and you can
simply pay us back when you sell. Call
us to get a helping hand towards your
move – see over for details.
Now that’s
Persimmon Perfect
WE’LL HELP YOU BUY THE HOME
YOU WANT, TODAY
• Own 100% of the property
• Pay just 85% of the price
• Simply repay 15% when you sell
or within 10 years*
7 DAYS A WEEK
08459 10 10 11t
www.persimmonhomes.com
Pay just 85% and it’s all yours.
How does it work?
A mortgage is arranged on 85% of the purchase price of you new
home. The remaining 15% balance becomes a second loan from
Persimmon Homes, secured on the property.
When do I repay the remaining 15%?
You simply pay us 15% of the market value of the property when
you sell or transfer – or within 10 years, whichever is sooner.
Do I have to sell before I pay you?
WE’LL HELP YOU BUY THE
HOME YOU WANT, TODAY
• Own 100% of the property
• Pay just 85% of the price
• Simply repay 15% when you
sell or within 10 years*
You can repay us in part, or full, whenever you like, subject to a
valuation at that time.
Is there anything else to pay?
There’s a £500 commitment fee, refundable on completion. And
you will pay solicitors’ and valuation fees on full or part
repayment of the 15%.
How is the valuation figure arrived at?
When you make full or part repayment, the market value of the
property will be determined by the average of three independent
valuations.
What if the property price goes down?
Your repayment will be 15% of the market value – whether that is
more or less than the purchase price.
How are any home improvements accounted for?
The 15% repayment is calculated from the market value – less
any improvements.
So you keep all of the value of any
improvements you make.
Can I Buy to Let?
You can only use our Helping Hand Plus scheme if you are
buying a Persimmon home as your personal residence.
What if I can’t repay the 15% within 10 years?
In cases of severe financial difficulty, we will look at the
situation and the loan period may be extended for up to a
further 5 years.
For example: The purchase price is £109,950. You pay 85%
which equals £93,457.50. The house is later sold for £129,950.
You pay Persimmon 15%, which equals £19,492.50.
Apply today
Ask a Persimmon Homes Sales Adviser about Helping Hand Plus. We will
refer you to an independent financial adviser. If you proceed, you will be
asked to use one of a range of independent solicitors recommended by
Persimmon Homes
Now that’s
Persimmon Perfect
Helping Hand Plus is just one
of many Persimmon Incentives
– please ask for details
Move Fast
To take advantage of Helping Hand
Plus you must reserve and
complete by the agreed date.
The offer is available on selected
Persimmon homes, for a limited
time only.
Speak to a Sales Adviser today.
*whichever is sooner
7 DAYS A WEEK
08459 10 10 11t
www.persimmonhomes.com
Photographs show typical Persimmon house type and show home interiors. *Offers available on selected plots and developments only up to a maximum asking price of £190,000, subject to status, terms and conditions, using a Persimmon-nominated solicitor and/or financial
adviser as necessary, exchange of contracts within 28 days and legal completion by a specified date. A £500 reservation bond is payable – and fully refundable on legal completion. Written details available upon request. Persimmon Homes cannot give you financial advice.
YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP YOUR MORTGAGE REPAYMENTS. t Calls to 0845 numbers are now free with BT depending upon calling plan. Mobile and other providers’ charges may vary. Correct at time of going to print.