Barratt offers £46,400 interest free loan on new homes

Thanks to Barratt West Midlands’ innovative ‘Dream Start’ scheme one lucky homebuyer now has the chance to purchase plot 76, a three-bedroom Camdale style home for an initial layout of just £139,800 at its Westminster Place development on Alvechurch Road in West Heath.

Normally priced at £186,400, this three-bedroom home is now available with an interest-free loan of £46,600 thanks to Dream Start, which allows homebuyers to purchase 100 per cent of the property for just 75 per cent of the price, with no interest or rent to pay on the deferred amount.

David Child, Sales Director for Barratt commented, “We understand the struggles often faced by homebuyers when searching for a new home and it is because of this that we are pleased to be able to offer Dream Start on plot 76, meaning one lucky buyer could own this £186,400 Camdale style home for just £139,800.

“There is no interest or rent to pay on the deferred amount, it is simply paid back as 25 per cent of the property’s open market value at any point up to resale or within ten years, whichever is sooner, so you really could have an interest free loan of £46,600 on this brand new home.

“The Camdale is a three-bedroom terrace house which is perfect for young families and offers flexible living solutions such as the open plan living and dining room, which creates the perfect space for both formal and informal family gatherings.”

Westminster Place is ideally located for those needing to commute to the surrounding West Midlands area with the M42 and M5 close by. Birmingham city centre is just eight miles for the development and offers a wide variety of shops, bars and restaurants.

The Camdale style house comprises open plan living and dining room with separate kitchen and cloakroom, three spacious bedrooms and stylish family bathroom.

Westminster Place comprises one- and two-bedroom apartments and three- and four-bedroom houses. Plot 76 is priced at £186,400 and is available to homebuyers for just £139,800 with Dream Start.

For more information log on to Barratthomes.co.uk/westminsterplace.