The acquisition is intended to expand Persimmon’s strategic land pipeline in attractive locations.

Prices have increased 8.1% over the past 12 months, with the price of a typical new home now costing 30.5% more than existing properties.

The Rezide Equity Loan aims to make new build homes more accessible for first-time buyers and those moving into new properties.

Private completions rose 7 % to 3,987 homes in the first half of 2025.

Just Mortgages’ 34 new build advisers now offer Gen H’s New Build Boost.

The CMA’s public consultation on the proposed commitments is open until 24 July 2025.

The total value of land bank plots held by eight major UK developers is estimated to be in excess of £198bn.

There are now 14,000 completed SFH homes, with a further 13,000 under construction.

The firm says that 85% of its expected homes for FY 2024 are already exchanged or completed.

The new Labour government's plans for the year ahead have been read out by King Charles in a speech to Parliament.