Barratt announce two bed homes from just £55,000

If you thought buying a new home was out of your reach, there’s a terrific opportunity now at Hardwick Green, Stockton, where Barratt have 2-bedroom homes available from £55,000 and 3-bedroom homes from £76,500.

The houses are being offered through the Government’s First Time Buyer Initiative (FTBI) which is available to first-time buyers, key workers, council tenants and regional housing priorities.

The FTBI means you could buy a home of your own without needing a deposit and with manageable monthly repayments.

The first buyers to benefit have already moved in and Barratt North East sales manager Steve Mariner says: “They are singles, couples and young families who believed owning their own home was out of reach.

"It’s an excellent way of buying and I would urge people to come and talk to us to find out if they are eligible. It doesn’t cost anything and we can answer any queries and help with the paperwork.

“There are only a limited number of homes available, so don’t miss out on this opportunity.”

If you’re eligible for the FTBI, you could take out a mortgage for a minimum of 50 per cent of the price of the new home, with the other 50 per cent being contributed by the government.

It’s not shared ownership, but shared equity – you own 100 per cent of your home from day one.

Barratt has similar shared equity schemes available at all Teesside developments – for more details visit Barratthomes.co.uk.