First-time buyers benefiting from developer's initiative
UK Property Investment
15th September 2008
Daily News Brought to You by The SimpliGroup Experts in the UK Property Investment Market
A new initiative by a
developer is enabling
first-time-buyers in south east Hampshire make that all important step on to the property ladder, it has emerged.
Barratt's Staunton Place development's new Dream Start initiative, which allows first-time buyers to secure a mortgage for 75 per cent of a property's price is changing many budding property investor's dreams.
Paul Slee,27 and Kelly Phillips, 22 took advantage of the initiative, which sees the developer financing the remaining 25 per cent for up to 10 years, and secured themselves a home.
"Thanks to the schemes available, we have bought a two-bedroom, first floor apartment at Staunton Place," said Paul. "We would never have been able to afford a place of our own without the deals, so I think it's fantastic.
"First time buyers are still facing many obstacles in becoming home owners and Barratt's Dream Start scheme is tailored to help them get on the property ladder," said Mark Docherty of Barratt.
A selection of one, two, three and four-bedroom properties with prices from £110,246 can be bought at the Havant development with the Dream Start scheme.
Havant is located close to Portsmouth, Chichester and the Isle of Wight.
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