Barratt unveils a special offer on the Isle of Wight

Barratt has unveiled a great offer for anyone who wants to buy a new home on the Isle of Wight. You could pick-up the keys to a new home today for just 75 per cent of the price. Barratt will pay the other 25 per cent through a deferred loan.

In other words, you could own 100 per cent of a new Barratt home for just 75 per cent of the price. And some lenders will even accept Barratt's 25 per cent share as your deposit - meaning that you won't need a deposit of your own.

Mark Docherty, sales director at Barratt, said: "This is a terrific offer, which can make a dramatic difference to the move-in price of a new home."

"Paying only a 75 per cent mortgage makes buying very affordable. And you may not have to find a deposit either.

"This isn't shared ownership - it's your home, and you own 100 per cent of it, but you only pay 75 per cent of the purchase price now. There's no interest or rent to pay on the other 25 per cent for up to ten years or until you sell the property, whichever is sooner."

"We can only offer it on selected plots for a limited period. We will operate on a first come first served basis so I'd advise anyone who wants to move to pick-up the telephone or visit our website now."

Homes currently available to move into for 75 per cent of the price include Hawthorn Meadows in Whippingham.

For further details about the deal in this region, log on to Barratthomes.co.uk.