Getting on the ladder without the bank of mom and dad

The average age of first time buyers purchasing a property without financial assistance from parents has increased from 33 to 37 years old in the past two years, according to the Council of Mortgage Lenders.

For first time buyers in South Wales looking to get on the property ladder sooner and without parental help, Barratt Homes Dream Start scheme at its Copper Quarter in Swansea might hold just the answer.

Enabling first time buyers to own 100% of a property at Barratt’s Copper Quarter whilst only paying for 75% of the asking price upfront and without a deposit*, Dream Start is ideal for new homeowners looking to get onto the property ladder independently.

Adrian Bird, sales director for Barratt South Wales comments: “Due to restricted mortgage lending the average age of a first time buyer is still rising - even for those who are lucky enough to have help from the bank of mum and dad.

"Our Dream Start scheme is ideal for new purchasers who don’t have financial support from parents or for those who simply want to go it alone. Copper Quarter is a great development for first time buyers and Dream Start deal is only available on a limited number of properties, so I would encourage those interested to get in touch.”

Copper Quarter is a striking development of one and two bedroom apartments as well as two and three bedroom houses positioned in an idyllic waterside setting. Providing the perfect opportunity to own a stylish first home, residents can enjoy the attractive landscaped areas at Copper Quarter as well as the relaxing riverside walks.

Located on Brunel Way, Swansea city centre is only a short drive or bus journey away from the development. Just over a mile from Swansea train station and over six miles from the airport, Copper Quarter is ideal for purchasers looking to be well connected. With Dream Start, a two bedroom coach house that would normally cost £140,000 is now available for a more affordable £105,000.

For further information about Dream Start at Copper Quarter, visit the sales and marketing suite at Copper Quarter, Brunel Way, Swansea, West Glamorgan, SA1 7BP. Alternatively, see barratthomes.co.uk.

Barratt is the premier housebuilder in South Wales where it has been building new homes for thirty years. Barratt South Wales works closely with local Housing Associations, in addition to the Welsh Assembly Government, to bring forward opportunities for first time buyers and key workers.

* The remaining 25 per cent is deferred and paid back as an interest free loan. Available on selected plots only.