Barratt offers price guarantee incentive in North Midlands

If you want to move to a bigger home but are worried that its price may be lower in the next few years then help is at hand. Barratt North Midlands has unveiled its unprecedented three-year price guarantee which takes provides peace of mind in the current market.

The way it works is simple. If you want to sell your house within three years and the value is lower than what you paid for it, Barratt will refund the difference up to a maximum of 15 per cent.

In other words, even if house prices fall 15 per cent by 2011, you won't be any worse off.

This is the first time that any major homebuilder has offered to protect its customers from price falls. Barratt has always believed in making life easier for homebuyers and thousands have taken advantage of its innovative incentives over the years.

James Poynor, sales director at Barratt North Midlands, said: "We know that many people want to move to a bigger home at the moment but are being put off by what they read about house prices."

"So we looked at what we could do to remove this stress and are offering to guarantee the price of their new home. It hugely reduces the risk and means that people who felt they would have to put off moving up for a few years now have the option of moving straightaway."

"Customers who buy one of our homes with a price guarantee will only need a mortgage for 85 per cent of its value. That's because we'll give them a deferred loan for the rest. It all adds up to a great deal - people can move home and leave the stress behind."

Homes currently available for Barratt's price guarantee include selected properties at Freemans Meadow on Upperton Road, Regents Park on Thurston Road, Stephensons Place in Coalville, The Elms in Astley, and Meadowcroft in Melton Mowbray.

Offering a range of homes from one and two bedroom apartments to three, four and five bedroom family homes including stunning triplex town houses, Barratt North Midlands' Freemans Meadow, Regents Park, Stephensons Place, The Elms and Meadowcroft developments have something to offer everyone in Leicestershire.

For further information on the homes currently available at Freemans Meadow log on to Barratthomes.co.uk.