Barratt Festival of Housing for first time buyers in Bridgwater

Barratt is set to host a Festival of Housing weekend at its Festival development in Bridgwater - offering first time buyers the perfect opportunity to get onto the housing ladder. On Saturday November 1 and Sunday November 2, visitors to Festival can learn more about how Barratt is helping both first time buyers and those moving up the housing ladder.

There will be advisors on hand to talk through tailor made deals for first time buyers to get onto the housing ladder with plenty of information about Dream Start - Barratt's dedicated scheme to boost affordability for first time buyers.

Sales manager Louise Terry said the open weekend would focus on Dream Start and the homes currently available at the development.

"Under Dream Start, buyers secure a mortgage for 75 per cent of the total property price and Barratt finances the remaining 25 per cent for up to 10 years.

So for a two bedroom Norton apartment priced at £132,950, ‘Dream Start' allows a first time buyer to purchase at £99,712.''

"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," added Louise.

"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."

Festival is located in a prime position just a short walk from the town centre and there is a canal and tow path close to the development. Bridgwater has recently been the focus of regeneration and offers a variety of shops and amenities.

Nearby towns include Taunton, Weston and Street, with its famous Clarks Shopping Village. There are excellent commuter links, including a train station and easy access to the M5 motorway. The bustling city of Bristol is just a 40-minute drive away.

For further details about the Festival of Housing, log on to Barratthomes.co.uk.