Barratt helps buyers over the deposit hurdle

Raising the deposit can be a major hurdle in buying a new property. Homebuyers who cannot find the cash quickly may risk losing their dream home.

This is why Barratt West London has entered into an agreement with the Xbond Company and Zurich, one of the world’s leading insurance organisations, to offer homebuyers an alternative to paying a cash deposit.

People buying a home at Barratt West London’s new developments - Axiom in Feltham, Relflexion in Hounslow, Great West Quarter at Brentford, The Lockhouse at Camden and Viridian in Battersea – can now purchase a Zurich Property Deposit Guarantee, to use in place of a deposit.

The Zurich Property Deposit Guarantee is a financial guarantee that is made to Barratt on the buyer’s behalf. It allows the buyer to delay paying any deposit until their property is fully built.

Clive Fenton, Executive Director of Barratt South Region, comments:

“At Barratt we understand the difficulties that homebuyers face and are committed to helping them at every stage of the buying process. We are delighted to be the first UK house builder to enter into an agreement with Zurich that takes away the difficulty of raising a deposit and makes buying a home simpler and easier.”

The Zurich Property Deposit Guarantee brings many benefits. It takes away the expense and time involved in raising a loan and is quick and easy to organise. Guaranteed by the strength of the Zurich bank, it is very secure.

For more information on all Barratt West London developments and on the Zurich Property Deposit Guarantee, visit the website at Barratthomes.co.uk.