At the housebuilder’s four Leicestershire developments – Freemens Meadow, The Elms, Regent Park and Stephenson Place - potential buyers can take advantage of three separate equity share deals to ease the tug on the financial pocket strings. Dream Start, Head Start and HomeBuy Direct all offer people the chance to purchase 100 per cent of their home for a reduced percentage of the price – the housebuilder pays for all or part of the remaining percentage with a deferred loan.
With Dream Start, homebuyers pay 75 per cent of the price of the property, whereas Head Start gives the option of paying an 85 per cent share of their chosen home. The remaining 25 or 15 per cent are covered by Barratt through a deferred loan, which is repayable after 10 years or when the house is sold if sooner.
Stephenson Place in Coalville and Regents Park in Hamilton are also offering a selection of new homes under the brand new HomeBuy Direct scheme, which gives purchasers a chance to buy a home for just 70 per cent of the price. Those eligible for this joint Barratt/Government initiative include first-time buyers, key workers, people in private rented accommodation, those in social rented accommodation who want to buy a property, anyone who is running out of room at their current home and needs more space, plus people who have a household income of no more than £60,000.
For example, at Barratt’s Stephenson Place development on Bridge Road, two-bedroom apartments are priced from £99,995, but under the three equity share schemes a buyer would pay £74,996 on Easy Start, £84,995 on Head Start and £69,996 with HomeBuy Direct.
James Poynor, Sales Director for Barratt North Midlands, said, “These three shared equity options are all fantastic for first-time buyers and people looking to move to a bigger home.
“It means current homeowners who are desperate to upgrade to a bigger home because they need the space may find that they are now able to afford to do so. Plus anyone looking to get their foot on the property ladder who does not have the monthly income or enough saved for a deposit could find their dream of home ownership is now a reality.
“Many buyers also find that they no longer require a deposit with the shared equity offers, because part of the Barratt loan may be taken as an alternative by mortgage lenders.”
For more information on the homes currently available from Barratt North Midlands in Leicestershire, please use the details below:
Freemens Meadow
Bede Island
Leicester
LE2 2AY
Tel: 01162 549 170
A contemporary collection of two- bedroom apartments with prices starting from £139,995.
The Elms
Lubbesthorpe Way
Thorpe Astley
Leicester
LE3 3RU
Tel: 01162 892 017
Comprises a stunning selection of three- and four- bedroom homes with prices starting from £169,995.
Regents Park
Sandhills Avenue
Hamilton
Leicester
LE5 1QN
Tel: 01162 460 317
Offers a range of four- bedroom family homes in a modern and convenient location. Prices at the development start from £169,995.
Stephenson Place
Bridge Road
Coalville
Leicestershire
LE67 3PW
Tel: 01530 812 543
A delightful development offering two- and three- bedroom homes. Prices start from £99,995.
Alternatively, please call the sales hotline on 0845 602 40 32 or log on to www.barratthomes.co.uk and enter the development name into the ‘Go to a development’ section of the website.