THE managing director of one of the region’s leading house builders said the business is on track to meet end-of-year expectations.
Wayne Gradwell (pictured), managing director of Persimmon Homes West Yorkshire, said the autumn selling season has seen visitor rates rise by 6% compared with this time last year while weekly private sales rates were up by 4%.
Commenting on Persimmon plc’s November trading update, he said: “House buyers in our region have been helped by the cost of mortgage loans reducing slightly as lenders access the Government’s Funding for Lending Scheme and pass the lower funding costs through to our customers.
“The take-up of the Government-backed 5% deposit NewBuy mortgage product has also helped our region, with a steady increase in customers purchasing a home with a NewBuy mortgage.”
Persimmon has been trading since 1972 and the business operates under three main brands, Persimmon Homes, Charles Church and Westbury Partnerships. It has opened new developments in Leeds, Wakefield and Bradford and has further developments opening in the next three months at Bradford, Hipperholme and Rotherham. It also has sites in Huddersfield and Cleckheaton.
Said Mr Gradwell: “A critical part of our strategy is the continued investment in new land to support the growth of Persimmon within the region in the future.
“The UK housing market continues to be challenging and mortgage availability remains the key constraint.
“However we remain confident of the future successful growth of Persimmon in the region.”