A busy start for Barratt in Essex

Barratt Homes has seen a busy start to the year with more sales inquiries and rising visitor levels at its Fifth Avenue development in Harlow. The housebuilder is offering deals to suit all kinds of buyers, together with help to get a mortgage.

Barratt North London managing director, Glyn Hopping, said: “We’ve seen a marked increase in sales inquiries and visitor levels at our developments in recent weeks as people are realising that now could be a very good time to buy.

“The new HomeBuy Direct scheme offers homebuyers an equity loan of up to 30 per cent, funded jointly by Barratt North London and the Government. The buyer finances the remaining 70 per cent of the purchase price, either through a mortgage, a deposit or a combination of the two.”

There is no interest to pay on the equity stake for the first five years. Buyers can redeem the loan in instalments, purchasing up to 100 per cent of the equity after their initial purchase by buying additional equity at the market rate. Alternatively, if they sell their home, the equity loan is repaid by way of share of the sale price.

Move-up buyers could take advantage of the famous Barratt part exchange service so they don’t have to worry about finding a buyer for their old place, and can enjoy a 12-month mortgage subsidy.

Glyn said: “We are offering some of our best-ever deals, but they can only be available for a limited period. I’d advise anyone interested to come and talk to us.”

Homes available at Fifth Avenue include one-bedroom apartments from £130,000 and two-bedroom apartments from £160,000.

For more information, log on to Barratthomes.co.uk.