PERSIMMON has seen a 15.5% increase in home reservations in Scotland in the first half of the year with new-build house prices holding steady or improving.

The company is hopeful a Scottish Government-backed scheme offering 95% mortgages, tentatively titled MI New Home, will be formally announced soon to further boost demand.

Jeff Fairburn, group managing director and chief executive of Persimmon's north division, told The Herald the company was continuing to buy land around Scotland.

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