Barratt launches new homes for under £100k in Southampton

Barratt is making dreams come true with its ‘Dream Start' scheme, which enables first time purchasers and to own a brand new home for just 75 per cent of the asking price, with no deposit necessary.

Barratt has reintroduced this successful scheme for a limited period and is available on selected plots at the housebuilders Oceana Boulevard development in Southampton.

The Dream Start scheme works by arranging mortgage finance on 75 per cent of the purchase price, while the other 25 per cent is covered by Barratt and repayable interest free, either within ten years or on the resale of the property.

This means that a one bedroom citipad at Oceana Boulevard is available from just £97,496.

Mark Docherty, sales director at Barratt Southampton, said: "Market evidence continues to highlight the affordability difficulties faced by first time buyers and key workers and Barratt's Dream Start scheme is tailored exclusively to help these people get on the property ladder.

"By loaning the extra 25 per cent of the asking price, Barratt is enabling its buyers to take on a more manageable mortgage. This flexible loan can be settled in full or in part at any time during the ten year period and is paid back, interest free, as 25 per cent of the property's market value at the time.

"This fantastic offer runs for a limited amount of time and always generates a vast amount of interest, so we're urging people to enquire straight away to avoid disappointment. Each home is ready to move in, furnished with fitted carpets and kitchen appliances. Barratt even pays the stamp duty and up to £1000 of legal fees."

Oceana Boulevard is a stunning mix of citipads, one and two bedroom apartments and penthouses just minutes from the city‘s business quarter, shops, cinema, restaurants and nightlife. It also offers many options for tranquil waterside walks, sea air and easy access to railway and bus stations, leafy parks, the New Forest and the Isle of Wight.

For further information on Oceana Boulevard and the Dream Start scheme log on to Barratthomes.co.uk.