New homes for under £150,000 offer a ‘dream start'

If you're looking for a spacious apartment at an amazing price, you could find your dream home at Barratt's Connexions development in Fareham with its current ‘Dream Start' deal on offer to first time buyers for a limited period.

The ‘Dream Start' scheme which has been reintroduced because of its success, 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.

Prices for the remaining two-bedroom apartments start from just £149,996 for first time buyers under the scheme with no deposit required and legal fees and stamp duty paid - a real bonus for those struggling to pay rent and save towards a new home," reports Mark Docherty, Barratt sales director.

"Under ‘Dream Start', buyers secure a mortgage for 75 per cent of the total property price and Barratt finances the remaining 25 per cent for up to 10 years. So for a two bedroom apartment priced at £199,995, ‘Dream Start' allows a first time buyer to purchase at £149,996.

"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," added Mark.

"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.

Connexions is set in landscaped gardens close to the centre of Fareham. Each apartment boasts a spacious and sunny living/dining room, a fully fitted kitchen, bathroom with shower and parking facilities. Additional benefits include carpeting and double glazing throughout, energy efficient central heating and a 10-year NHBC warranty.

For further details on availability, log on to Barratthomes.co.uk.