Last chance to buy a new home with a low de­posit

The Peterborough Evening Telegraph - - Tonight’s Tv -

FIRST-TIME buy­ers in Peter­bor­ough are be­ing urged not to miss out on a fi­nal op­por­tu­nity to buy a new home with the low­est pos­si­ble de­posit.

They could move in to a new home at one of Bar­ratt Northamp­ton’s de­vel­op­ments in Peter­bor­ough for as lit­tle as £87,499 thanks to the HomeBuy Di­rect low-cost home own­er­ship scheme.

“But the Govern­ment-backed scheme is com­ing to an end be­cause of the squeeze on pub­lic spend­ing and buy­ers only have one more month to take ad­van­tage”, says sales di­rec­tor for Bar­ratt Northamp­ton Paul Walker.

“You re­ally only have a month left to sign-up if you want to take ad­van­tage of this out­stand­ing op­por­tu­nity to get on the hous­ing lad­der with the help of pub­lic money,” he said.

“Thou­sands of peo­ple across the coun­try have used HomeBuy Di­rect to buy a home and we’ve been in­un­dated with lo­cal peo­ple who are in­ter­ested.

“I’d ad­vise any­one who is in­ter­ested to come and talk to us very soon. It doesn’t cost any­thing and we can an­swer all your ques­tions.

“HomeBuy Di­rect can dra­mat­i­cally re­duce the ini­tial cost of house pur­chase and for peo­ple who have been priced out of the mar­ket for years this is a on­cein-a-life­time op­por­tu­nity to own their own home.”

The scheme gives buy­ers the op­por­tu­nity to move in for only 70 per cent of the price, with the re­main­ing 30 per cent cov­ered by a loan from Bar­ratt and the Govern­ment’s Homes and Com­mu­ni­ties Agency. Be­cause a smaller mort­gage is re­quired, monthly re­pay­ments are much more af­ford­able.

HomeBuy Di­rect is open to a wide range of peo­ple who don’t cur­rently own their own home. But buy­ers must re­serve their home by the end of July, 2010. El­i­gi­ble house­holds will be earn­ing less than £60,000.

For added peace of mind buy­ers can also ben­e­fit from Bar­ratt Northamp­ton’s new five-year war­ranty on fix­tures and fit­tings in their new home at the time of pur­chase.

Bar­ratt Northamp­ton cur­rently has a se­lec­tion of homes avail­able with HomeBuy Di­rect at its de­vel­op­ments in Peter­bor­ough.

It means that, for ex­am­ple, buy­ers could move into a twobed­room apart­ment at its Wa­ters Reach devel­op­ment for £87,499 and the de­posit could be as low as £4,374.

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