New start for first time buyers in Ipswich!

Buying a first home can be difficult and for many, that all important first step onto the property ladder is just out of reach. However, one way to make the figures more attractive is to buy with a friend. Leading UK house-builder Barratt is offering a number of apartments that are ideal for sharing at its well-located Foxgrove Gardens development in Ipswich.

With two double bedrooms, there’s plenty of space and with a spacious bathroom and an en-suite shower room there’s no queues for the bathroom. The contemporary kitchens include a range of smart appliances while the open-plan living room provides the perfect place for friends to unwind.

Barratt is also offering some excellent incentives to encourage first time buyers to make the move; the house builder will pay the 5% deposit, the 1% stamp duty and £500 towards the legal fees. Furthermore, a two bedroom apartment can be reserved for just £99, instead of the usual £1000.

Those interested in seeing the two bedroom apartments at Foxgrove Gardens can do so at the touch of a button. By visiting the Barratt Homes website - www.barratthomes.co.uk - it is possible to go on a virtual tour of the striking show apartment; or they can visit the development in person.

Gary Ennis, chairman of Barratt Southern Region, says: “The two bedroom apartments at Foxgrove Gardens are priced from £150,000; two friends can split that cost in half, making property ownership much more affordable. They will also be buying a newly built apartment, which means they don’t need to worry about the large maintenance bills usually associated with older properties. They can simply enjoy being part of a thriving new development in a convenient part of Ipswich. It’s a good start for those who, on their own, might otherwise have to continue renting.”

Foxgrove Gardens, now more than 50% sold, is an eye-catching development located off Foxhall Road around a mile from Ipswich town centre. The impressive collection of 288 one and two bedroom apartments and two, three and four bedroom houses is set back from the road within a superb landscaped setting with an attractive ‘pocket park’ near the development entrance. No fewer than five showhomes demonstrate the range of house styles available.

The location of the development is very convenient, with a bus stop right outside; the A14 can also be easily accessed. For those everyday needs, there is a Sainsbury’s nearby and a wider choice of shops in Ipswich town centre.

Enlisting some ‘parent power’ is another way to make buying that first home more affordable. Parents can act as a guarantor, using their financial status to help guarantee their children’s mortgage repayments. They can also act as a joint applicant on their child’s mortgage, allowing the lender to increase the loan. Parents may also wish to consider putting savings into a special account to offset their child’s mortgage, reducing the interest payable.

Prices for properties currently available at Foxgrove Gardens start from £150,000 for two bedroom, two bathroom apartment; a range of houses are due to be released shortly.

For further information, please contact Barratt’s sales office, open Monday 2pm – 6pm and Tuesday to Sunday 10am – 6pm, or visit the website at Barratthomes.co.uk.