We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Why do people buy Persimmon / Barratt / New-built houses ?
Comments
-
We are in the final stages of exchange on an older property (1945 so just post war). We looked at new builds and old properties when we were buying and it was a toss up between the older one and a Barratt house on a new estate.
We chose the 4 bedroom semi detached over the 4 bedroom detached for three reasons:
1. Location. It is far closer to the school and family. That said the estate the new build is in is really nice.
2. The outdoor space. The new build had a postage stamp garden, this one has a huge well maintained garden with trees and outbuildings
3. Resale value. We plan on moving in 5 years or so, the value of the property we are buying has consistently gone up, the new build costs more and while longer term may be ok we felt 5 years wasn't enough time to give our investment
As an aside, a family friend runs a scaffolding firm and refuses to work with Persimmon because in the past they have had to return to site so often to fix snags they have lost money.0 -
This does not make any sense. Who in the history has ever complained about the long removed scaffolding that once was used in the construction of their new house. Answer: Nobody. If there are snags with the house that needs scaffolding to resolve than your family friend would be getting extra business so not sure how that is a bad thing for him/her. Unless of course the snags were caused by shoddy scaffolding in which case your family friend needs to sort their business out.bigkenny1975 said:We are in the final stages of exchange on an older property (1945 so just post war). We looked at new builds and old properties when we were buying and it was a toss up between the older one and a Barratt house on a new estate.
We chose the 4 bedroom semi detached over the 4 bedroom detached for three reasons:
1. Location. It is far closer to the school and family. That said the estate the new build is in is really nice.
2. The outdoor space. The new build had a postage stamp garden, this one has a huge well maintained garden with trees and outbuildings
3. Resale value. We plan on moving in 5 years or so, the value of the property we are buying has consistently gone up, the new build costs more and while longer term may be ok we felt 5 years wasn't enough time to give our investment
As an aside, a family friend runs a scaffolding firm and refuses to work with Persimmon because in the past they have had to return to site so often to fix snags they have lost money.
So many people on the internet want to create made up stories about Persimmon which don't actually make any sense.1 -
I don't know exactly how it works as I am not party to the contracts. They quote a price based on how often on average they may have to return to the site for snagging issues. Persimmon has had more snagging issues that have required scaffolding to be re-erected than other builders, meaning they have not made the money they had built into their quote. Based on experience they now do not take contracts with Persimmon because it is not worth their time. This is what they have told me and I have no reason to doubt them but it is not a first hand account.moneysavinghero said:
This does not make any sense. Who in the history has ever complained about the long removed scaffolding that once was used in the construction of their new house. Answer: Nobody. If there are snags with the house that needs scaffolding to resolve than your family friend would be getting extra business so not sure how that is a bad thing for him/her. Unless of course the snags were caused by shoddy scaffolding in which case your family friend needs to sort their business out.bigkenny1975 said:We are in the final stages of exchange on an older property (1945 so just post war). We looked at new builds and old properties when we were buying and it was a toss up between the older one and a Barratt house on a new estate.
We chose the 4 bedroom semi detached over the 4 bedroom detached for three reasons:
1. Location. It is far closer to the school and family. That said the estate the new build is in is really nice.
2. The outdoor space. The new build had a postage stamp garden, this one has a huge well maintained garden with trees and outbuildings
3. Resale value. We plan on moving in 5 years or so, the value of the property we are buying has consistently gone up, the new build costs more and while longer term may be ok we felt 5 years wasn't enough time to give our investment
As an aside, a family friend runs a scaffolding firm and refuses to work with Persimmon because in the past they have had to return to site so often to fix snags they have lost money.
So many people on the internet want to create made up stories about Persimmon which don't actually make any sense.
That said, I have looked through your posts and you seem to be a poster boy for Persimmon. I am not sure if you have a load of shares, are employed by them or just have an odd fan boy obsession with them. I am sorry my honest response to a post seems to have offended you and tarnished the already massively tarnished name of your favourite house builder.
Then again, there must be a reason they are the only one out of the top five residential property developers to get a lower than 5 star rating from the Home Builders Federation.3 -
We had assumed that the value of our new build property would drop after we bought it. However after two years the new new builds have increased in price and have dragged the price of the existing properties up. We have just had our house valued for the remortgage and the value has come in £30k more than we paid two years ago which we are extremely happy with because it drops us into the next LTV bracket and lower interest ratesbigkenny1975 said:We are in the final stages of exchange on an older property (1945 so just post war). We looked at new builds and old properties when we were buying and it was a toss up between the older one and a Barratt house on a new estate.
We chose the 4 bedroom semi detached over the 4 bedroom detached for three reasons:
1. Location. It is far closer to the school and family. That said the estate the new build is in is really nice.
2. The outdoor space. The new build had a postage stamp garden, this one has a huge well maintained garden with trees and outbuildings
3. Resale value. We plan on moving in 5 years or so, the value of the property we are buying has consistently gone up, the new build costs more and while longer term may be ok we felt 5 years wasn't enough time to give our investment
As an aside, a family friend runs a scaffolding firm and refuses to work with Persimmon because in the past they have had to return to site so often to fix snags they have lost money.
1 -
Firstly that sounds like a very strange way of doing business. A bit like my local body work centre quoting me a price to repair a scratch based upon how many futures scratches that i may get which bares no relationship to the work they do and which they have no control over.bigkenny1975 said:
I don't know exactly how it works as I am not party to the contracts. They quote a price based on how often on average they may have to return to the site for snagging issues. Persimmon has had more snagging issues that have required scaffolding to be re-erected than other builders, meaning they have not made the money they had built into their quote. Based on experience they now do not take contracts with Persimmon because it is not worth their time. This is what they have told me and I have no reason to doubt them but it is not a first hand account.moneysavinghero said:
This does not make any sense. Who in the history has ever complained about the long removed scaffolding that once was used in the construction of their new house. Answer: Nobody. If there are snags with the house that needs scaffolding to resolve than your family friend would be getting extra business so not sure how that is a bad thing for him/her. Unless of course the snags were caused by shoddy scaffolding in which case your family friend needs to sort their business out.bigkenny1975 said:We are in the final stages of exchange on an older property (1945 so just post war). We looked at new builds and old properties when we were buying and it was a toss up between the older one and a Barratt house on a new estate.
We chose the 4 bedroom semi detached over the 4 bedroom detached for three reasons:
1. Location. It is far closer to the school and family. That said the estate the new build is in is really nice.
2. The outdoor space. The new build had a postage stamp garden, this one has a huge well maintained garden with trees and outbuildings
3. Resale value. We plan on moving in 5 years or so, the value of the property we are buying has consistently gone up, the new build costs more and while longer term may be ok we felt 5 years wasn't enough time to give our investment
As an aside, a family friend runs a scaffolding firm and refuses to work with Persimmon because in the past they have had to return to site so often to fix snags they have lost money.
So many people on the internet want to create made up stories about Persimmon which don't actually make any sense.
That said, I have looked through your posts and you seem to be a poster boy for Persimmon. I am not sure if you have a load of shares, are employed by them or just have an odd fan boy obsession with them. I am sorry my honest response to a post seems to have offended you and tarnished the already massively tarnished name of your favourite house builder.
Then again, there must be a reason they are the only one out of the top five residential property developers to get a lower than 5 star rating from the Home Builders Federation.
Secondly if they know Persimmon have more snagging issues then why is their quote for Persimmon not higher which would mean they would make the money they built into the quote.
You are right, there must be a reason why there are in the top 5 house builders.0 -
Persimmon sell around 16,000 new homes per year.in 2018, Persimmon's CEO was awarded a £128m bonus, as part of an £800m bonus package to other board members and senior staff - that's £50,000 PER HOUSE!Yes, the final payments were downgraded after widespread shareholder and public criticism but it shows the sort of corporate ethos within the company about feathering their own nests at the expense of their customers.That alone would be enough to stop me from buying one of their houses . . . even without all the reports of poor quality and compromised fire safety."The huge profit – the biggest ever made by a UK housebuilder – means Persimmon banked £66,265 from every one of the 16,449 homes it sold last year. The average selling price was just over £215,000"
0 -
Yet if you look at the actual data:Mickey666 said:Persimmon sell around 16,000 new homes per year.in 2018, Persimmon's CEO was awarded a £128m bonus, as part of an £800m bonus package to other board members and senior staff - that's £50,000 PER HOUSE!Yes, the final payments were downgraded after widespread shareholder and public criticism but it shows the sort of corporate ethos within the company about feathering their own nests at the expense of their customers.That alone would be enough to stop me from buying one of their houses . . . even without all the reports of poor quality and compromised fire safety."The huge profit – the biggest ever made by a UK housebuilder – means Persimmon banked £66,265 from every one of the 16,449 homes it sold last year. The average selling price was just over £215,000"
https://www.building.co.uk/focus/top-25-housebuilders-by-housing-operating-margins/1001355.article
Many builders make more money than Persimmon do, but people only seem to want to want to slag off Persimmon.0 -
Or they avoid the logistical nightmare of not really knowing when a job will finish, let other firms bid for it at lower rates than they are prepared to give Persimmon and pick up work from better customers?moneysavinghero said:
Firstly that sounds like a very strange way of doing business. A bit like my local body work centre quoting me a price to repair a scratch based upon how many futures scratches that i may get which bares no relationship to the work they do and which they have no control over.bigkenny1975 said:
I don't know exactly how it works as I am not party to the contracts. They quote a price based on how often on average they may have to return to the site for snagging issues. Persimmon has had more snagging issues that have required scaffolding to be re-erected than other builders, meaning they have not made the money they had built into their quote. Based on experience they now do not take contracts with Persimmon because it is not worth their time. This is what they have told me and I have no reason to doubt them but it is not a first hand account.moneysavinghero said:
This does not make any sense. Who in the history has ever complained about the long removed scaffolding that once was used in the construction of their new house. Answer: Nobody. If there are snags with the house that needs scaffolding to resolve than your family friend would be getting extra business so not sure how that is a bad thing for him/her. Unless of course the snags were caused by shoddy scaffolding in which case your family friend needs to sort their business out.bigkenny1975 said:We are in the final stages of exchange on an older property (1945 so just post war). We looked at new builds and old properties when we were buying and it was a toss up between the older one and a Barratt house on a new estate.
We chose the 4 bedroom semi detached over the 4 bedroom detached for three reasons:
1. Location. It is far closer to the school and family. That said the estate the new build is in is really nice.
2. The outdoor space. The new build had a postage stamp garden, this one has a huge well maintained garden with trees and outbuildings
3. Resale value. We plan on moving in 5 years or so, the value of the property we are buying has consistently gone up, the new build costs more and while longer term may be ok we felt 5 years wasn't enough time to give our investment
As an aside, a family friend runs a scaffolding firm and refuses to work with Persimmon because in the past they have had to return to site so often to fix snags they have lost money.
So many people on the internet want to create made up stories about Persimmon which don't actually make any sense.
That said, I have looked through your posts and you seem to be a poster boy for Persimmon. I am not sure if you have a load of shares, are employed by them or just have an odd fan boy obsession with them. I am sorry my honest response to a post seems to have offended you and tarnished the already massively tarnished name of your favourite house builder.
Then again, there must be a reason they are the only one out of the top five residential property developers to get a lower than 5 star rating from the Home Builders Federation.
Secondly if they know Persimmon have more snagging issues then why is their quote for Persimmon not higher which would mean they would make the money they built into the quote.
You are right, there must be a reason why there are in the top 5 house builders.
I am interested to know what your links to Persimmon are. Why are you bothered about this so much?0 -
Not sure of the relevance of a 21 year old article, TBH. Things have changed. Like the prices Persimmon charge for a doorbell.moneysavinghero said:
Yet if you look at the actual data:Mickey666 said:Persimmon sell around 16,000 new homes per year.in 2018, Persimmon's CEO was awarded a £128m bonus, as part of an £800m bonus package to other board members and senior staff - that's £50,000 PER HOUSE!Yes, the final payments were downgraded after widespread shareholder and public criticism but it shows the sort of corporate ethos within the company about feathering their own nests at the expense of their customers.That alone would be enough to stop me from buying one of their houses . . . even without all the reports of poor quality and compromised fire safety."The huge profit – the biggest ever made by a UK housebuilder – means Persimmon banked £66,265 from every one of the 16,449 homes it sold last year. The average selling price was just over £215,000"
https://www.building.co.uk/focus/top-25-housebuilders-by-housing-operating-margins/1001355.article
Many builders make more money than Persimmon do, but people only seem to want to want to slag off Persimmon.4 -
People, like my brother who bought one of their houses, slag them off because they are cowboys and build crap houses. They didn't complete the snags and lied about returning to finish them. Despite countless calls, emails and letters they never came back to fix them so they deserve all the scorn they get.moneysavinghero said:
Yet if you look at the actual data:Mickey666 said:Persimmon sell around 16,000 new homes per year.in 2018, Persimmon's CEO was awarded a £128m bonus, as part of an £800m bonus package to other board members and senior staff - that's £50,000 PER HOUSE!Yes, the final payments were downgraded after widespread shareholder and public criticism but it shows the sort of corporate ethos within the company about feathering their own nests at the expense of their customers.That alone would be enough to stop me from buying one of their houses . . . even without all the reports of poor quality and compromised fire safety."The huge profit – the biggest ever made by a UK housebuilder – means Persimmon banked £66,265 from every one of the 16,449 homes it sold last year. The average selling price was just over £215,000"
https://www.building.co.uk/focus/top-25-housebuilders-by-housing-operating-margins/1001355.article
Many builders make more money than Persimmon do, but people only seem to want to want to slag off Persimmon.
For some bizarre reason you think your opinion trumps those of those who've actually bought and been left high and dry by them.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards