Persimmon said the end of the Help to Buy scheme held back sales, particularly in the south Andrew Milligan/PA)
(Picture: PA Archive)A slump in sales at Persimmon revealed the extent of the slowdown in the housing market today, as rising interest rates and mortgage costs deterred buyers from signing up for new homes.
The FTSE 100 housebuilder estimated the monthly cash cost of mortgage payments for some first time buyers has “approximately doubled over the past year” and that the impact was worsened by “limited availability of high loan to value mortgages.”
