100 per cent of the home for 75 per cent of the price

Barratt is making dreams come true with its new ‘Dream Start’ scheme, which enables first time purchasers and key workers to own a brand new home for just 75 per cent of the asking price, with no deposit necessary. This limited offer is available until the end of December 2007 on selected Barratt developments in Cornwall, Devon and Somerset.

The Dream Start scheme works by arranging mortgage finance on 75 per cent of the purchase price, while the other 25 per cent is covered by Barratt and repayable interest free, either within ten years or on the resale of the property.

This means that on selected developments in the region buyers could get a £155,000 one bedroom Clanville Grange apartment on the Dream Start scheme for £116,250 or a two bedroom home at Panorama, priced at £162,250, would be around £121,687.

Caroline Hill, sales director at Barratt Exeter, said: “Market evidence continues to highlight the affordability difficulties faced by first time buyers and key workers and Barratt’s Dream Start scheme is tailored exclusively to help these people get on the property ladder.

“By loaning the extra 25 per cent of the asking price, Barratt is enabling its buyers to take on a more manageable mortgage. This flexible loan can be settled in full or in part at any time during the ten year period and is paid back, interest free, as 25 per cent of the property’s market value at the time.

“This fantastic offer runs for a limited amount of time and the scheme always generates a vast amount of interest, so we’re urging people to enquire straight away to avoid disappointment. Each home is ready to move in, furnished with fitted carpets and kitchen appliances. Barratt even pays the stamp duty and up to £1000 of legal fees.

“Dream Start isn’t shared equity and there isn’t rent to pay – it’s a fantastic way for first timers to purchase their starter home.”

Barratt’s Dream Start scheme is available on selected plots at Exeter’s King’s Heath development, Broome Park in Okehampton, Rio in Bridgwater, Minehead’s Clanville Grange, Renaissance and Panorama in Plymouth, Torre Marine in Torquay and Calcos Place in Kelly Bray, near Callington.

For further information on Barratt’s Dream Start scheme visit Barratthomes.co.uk.