Aspiring home owners get a head start

Aspiring home owners in Nottinghamshire will find the perfect first place to call home at Barratt North Midlands’ The Willows development thanks to a brand new range of properties designed specifically for first time buyers.

And what’s more, prospective purchasers can take advantage of Barratt’s Head Start scheme which could mean home ownership could become a reality for as little as £76,495.

“In a bid to meet the demand for small, affordable starter homes, we’ve recently released 10 homes from our Aspirations range which feature two- bedroom properties in the styles of an Amber and a Diamond.” Comments James Poynor, Sales Director at Barratt North Midlands.

“These stylish back to back houses offer excellent value for money and with deals such as shared equity, five per cent deposit paid or legal fees paid, we’re anticipating these charming properties will most certainly be in demand with the region’s homehunters.”

The Amber and Diamond are both two- bedroom houses that offer a dynamic living space ideal for modern life. The ground floor boasts an open living room and kitchen as well as a cloakroom whilst the first floor comprises two double bedrooms, a bathroom plus useful storage space.

Prices start from just £89,995 and an unbelievable £76,495 on Head Start.

Head Start is a shared equity scheme from Barratt which allows a purchaser to initially buy a property for just 85 per cent of the asking price. The remaining 15 per cent is funded through a deferred Barratt loan which is payable when the property sells or in 10 years time, whichever is sooner.

James adds “Shared equity deals like Head Start are proving a lifeline for those concerned about affordability issues during the current economic climate and we’re finding increasing numbers of first time buyers are keen to take advantage of deals like these to help subsidise a move into home ownership. To find out more, come and speak to one of our experienced sales advisors.

Head Start is not a shared ownership scheme; homebuyers own 100 per cent of the property from day one. There is no rent or interest to pay on the deferred amount, it is simply paid back as 15 per cent of the property’s open market value at any time up to the point of resale or within ten years, whichever is sooner.

Located on Beechdale Road, The Willows comprises a stunning selection of two- and three- bedroom homes in a convenient location. The development benefits from a wide range of local amenities including shops, public houses, schools and takeaways whilst Nottingham and all its leisure and recreational facilities is close at hand.

For more information visit during the opening hours of 11pm-6pm, Thursday to Monday. Alternatively, log onto the website at barratthomes.co.uk.