Off to a Dream Start with Barratt in Swindon

Barratt in Swindon is making dreams come true with its new ‘Dream Start’ scheme, which enables first time purchasers 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 developments in Swindon including Thames Reach and at the nearby Cherry Orchard Court in Highworth. 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 10 years or on the resale of the property.

This means that on selected developments in the region buyers could move into an apartment at Thames Reach priced at £136,500 for £101,000 or a Winsley or Brambling two bedroom apartment at Cherry Orchard for £132,500 instead of the advertised price of £176,500.

Louise Ware, sales director at Barratt, said: “Market evidence continues to highlight the affordability difficulties faced by first time buyers 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 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.”

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