The easy way to find a dream first home with Barratt
The task of getting a foot onto the property ladder could be far easier than you think, thanks to a first-time buyer weekend at Barratt West Midlands’ Dovedale Park development on Jackdaw Road in Perry Common.
Anyone looking to take the step into home ownership is being invited to Dovedale Park this Saturday 14th and Sunday 15th November, where visitors will be able to find out just how easy it could be to buy a new home.
This dedicated first-time buyer weekend has been specifically designed for those who are thinking about buying a new home, but who are not sure if they can afford to do so. It offers the ideal opportunity to find out more about the homes available and just how affordable home ownership could be.
Lisa Thacker, Sales Manager for Barratt West Midlands commented, “We at Barratt understand just how daunting buying a first home can be. This is exactly why we are inviting potential homebuyers to the special event this weekend.
“Anyone who visits Dovedale Park between 10am and 5pm will be able to speak to our sales advisors about any aspect of the homebuying process and exactly what is available at the development. An independent financial advisor will also be on hand to offer free, unbiased financial advice.”
Dovedale Park currently offers a selection of two-bedroom apartments which are available to buy using the First Time Buyer Initiative (FTBi). The scheme allows eligible candidates to receive up to a 50 per cent equity loan on the value of their new home, helping to make the dream of home ownership a reality.
Lisa continued, “FTBi is a great scheme, which can often mean the difference between being able to afford a new home and not. Prices for a two-bedroom apartment at Dovedale Park start from only £115,000. This means that those eligible for the scheme could move in for as little as £57,500 with the scheme.
“With a wide selection of homes and an ideal location, Dovedale Park is perfect for a range of purchasers, from first-time buyers to families. This is a great chance for buyers in the area to come along and find out more about the homes on offer, along with the chance to pick up some top financial advice and anyone looking to make the move into home ownership should come along this weekend and let us find their dream home.”
The First Time Buyer Initiative (FTBi) is a Government scheme that aims to make more affordable homes available to first time buyers and it is part of the HomeBuy low-cost home ownership project and is delivered by national regeneration agency English Partnerships.
Aptly described as the stepping stone into home ownership, those who qualify for the scheme could find themselves initially paying as little as 50 per cent towards the full purchase price of a new home. The remaining Government assisted percentage is repayable when the property sells but buyers can choose to make repayments at any time if their financial situation improves.
First time buyers and key workers could qualify for this scheme and the onus is on local HomeBuy agents to assess the eligibility of any potential candidates. If an application is successful, the agent will calculate the percentage of Government assistance, which could be up to 50 per cent of the price of a property, leaving the buyer to fund the remaining percentage through a cash deposit and mortgage. The HomeBuy Agent is also responsible for ensuring that buyers maximise their mortgage while having regard for the overall affordability of the repayments.
Dovedale Park currently offers a selection of two-bedroom apartments priced from £115,000 and two- and three-bedroom houses priced from £145,250. For more information, log on to barratthomes.co.uk/dovedalepark.
