Bar­ratt sees boom in new home sales

Yorkshire Post - Property - - PROPERTY -

BAR­RATT says it will sell 20 per cent more homes this year than two years ago.

The in­crease has been fu­elled by the Help to Buy eq­uity loan scheme, which has at­tracted 10,000 reser­va­tions of new-build homes with nearly 3,000 sales al­ready com­pleted.

The scheme en­ables first-time and other buy­ers to pur­chase new homes worth up to £600,000 with only a five per cent de­posit.

Mark Clare, chief ex­ec­u­tive of Bar­ratt, says: “Cus­tomer in­ter­est in the Help to Buy scheme has been very strong as it ad­dresses the is­sue of lack of mort­gage fi­nance at higher loan to val­ues.

“In­ter­est has been par­tic­u­larly en­cour­ag­ing from cus­tomers pre­vi­ously locked out of the mar­ket by high de­posit re­quire­ments.”

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