Hundreds of people searching for affordable homes across the country have been able to move into a brand new property thanks to Persimmon's government-supported shared equity scheme.

Since HomeBuy Direct was introduced, 272 properties have already been reserved throughout the UK, resulting in 60 exchanges and 54 completed sales so far.

Persimmon reports that the scheme has been particularly popular in the south west of the country, along the M5 corridor from Birmingham to Plymouth.

David Bryant, group development director at Persimmon, said buyers can now take advantage of a shared equity initiative that has the full support and backing of the government.

"With schemes as good as this coming onto the market, I firmly
believe that this is undoubtedly the best time to buy property," he commented.

April's Budget announcement contained an £80 million investment in HomeBuy Direct, helping even more first-time buyers to find an affordable home.

Source: Direct News 21/07/09