Two ways to home ownership at Edenside

Homebuyers struggling to get their foot on the property ladder will be pleased to hear that housebuilder Barratt West Midlands has two new schemes aimed to help buyers make the dream of home ownership a reality at its Edenside development on Elwell Street in Wednesbury.

Barratt is offering purchasers the chance to use either its own ‘Dream Start’ scheme or a brand new, joint Government scheme called HomeBuy Direct. Both of these two schemes are available on a selection of Falkirk style, two-bedroom apartments at Edenside, and with prices starting from as little as £99,950 this is too good an opportunity to miss.

Graydon Worthing, Sales Director at Barratt West Midlands commented, “We at Barratt are committed to helping first-time buyers get onto the property ladder. As a way of helping these buyers to make this dream a reality, we offer a range of schemes on our new homes which can be tailored to specifically suit individual circumstances.

“We are currently offering two different options at our Edenside development. Firstly purchasers could take advantage of our highly successful Dream Start scheme which enables first-time buyers to purchase 100 per cent of the property for just 75 per cent of the price. The deferred amount is simply paid back as 25 per cent of the properties open market value after ten years or when the property is sold, whichever is sooner.

“Secondly, buyers may decide to take advantage of HomeBuy Direct which is joint scheme with the Government and allows purchasers to receive an equity loan of 30 per cent of the value of their new home.

“These schemes are currently being offered on the Falkirk style apartments which are the ideal first home, with two spacious bedrooms and ample living space. What’s more, the lucky homebuyers could own one of these fantastic homes for as little as £69,965 when they take advantage of one of these schemes, so this really is the ideal time to find a fabulous first home.”

HomeBuy Direct is designed to suit a wide range of people under a variety of circumstances. Those eligible include first-time buyers, anyone wanting to move from social rented accommodation to purchase a home, key workers i.e. NHS, those in private rented accommodation, or anyone running out of room at home who need a further bedroom for an expanding family – but the combined annual household income must be under £60,000.

The Falkirk style, two-bedroom apartment comprises two spacious bedrooms, living/dining room, separate kitchen and stylish bathroom.

Edenside also offers three- and four-bedroom houses. Prices start from £161,500. For more information log on to Barratthomes.co.uk/edenside.