Persimmon backs the NewBuy scheme

Housebuilder Persimmon has praised the government’s NewBuy scheme. The statement follows the firm seeing a 10% increase in show home traffic and a 20% increase in private sales in the first 15 weeks of the year, in comparison to the same period last year.

An interim management statement from the company said “We have seen a further increase in interest following the government’s launch of the NewBuy 95% loan-to-value mortgage guarantee product in March.”

It continued to say: “We believe this scheme will support increased sales activity for the UK housebuilding industry once all the major mortgage lenders have entered the market, and made NewBuy widely available at attractive rates.”

The company also backed the new National Planning Policy Framework, saying: “We believe this streamlined system should lead to greater speed in the delivery of planning permission once all parties understand the full implications of the government’s new framework.”

It added: “The focus on localism within the process fits well with our regional teams’ long record of local engagement and should assist Persimmon’s ability to deliver sites from our c.16,500 acres of strategic land, as well as helping to deliver schemes we are currently promoting.”

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