Leading house builder Barratt has pledged to help as many first-time buyers in Exeter as possible take their first step on the housing ladder this summer.
Barratt, which has a wide range of developments across Exeter, has a number of schemes available for first time buyers, the most popular being Help to Buy.
The Government-backed scheme, Help to Buy, is helping first time buyers take the first steps onto the housing ladder with just a fice per cent deposit.
"We know first-time buyers face a number of challenges but we believe Help to Buy will give more people than ever before the chance of owning their own home," said Barratt Homes sales director Lee Monk.
"There are so many advantages for first-time buyers. In past years, we know that saving money for a deposit was difficult, but if you can raise the five per cent deposit you will be able to buy a new home with Help to Buy," added Lee.
Help to Buy, which is only available on new homes, is made up an "equity loan" and "mortgage guarantee". This means that you only need a five per cent deposit to qualify for the best mortgage rates and then the Government will lend you up to 20 per cent of the value of your property through an equity loan.
Among those who have bought their first home with Help to Buy are Wayne Bacon and Alicia Andrews.
"We got engaged earlier this year and decided to buy a home together," said Alicia. "Help to Buy was fantastic for us because it shortened the time it would take for us to get onto the property ladder."
If you would like find out more about how Barratt is helping first time buyers call 0844 5710 385 or log onto www.barratthomes.co.uk
Article Source: http://www.thisisexeter.co.uk/time-buyers-property-ladder/story-19721313-detail/story.html#axzz2dLGx3NWR
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