Find Out About FirstBuy At Barratt Homes Event In Ipswich On 30th July

Britain's largest housebuilder by volume, Barratt Homes, is holding a special event aimed at first-time buyers this Saturday 30th July at Aspire, its development of new homes in Ipswich. The purpose of the event, taking place between 10.00am and 4.00pm, is to demonstrate to those hoping to buy their first home in the town just how easy it is to get on the property ladder at Aspire with FirstBuy, the Government-backed shared equity scheme. With prices starting at £89,995, they could buy a brand new apartment with a deposit of just £3,600 with FirstBuy funding.

"There is no hiding the fact that rent is becoming increasingly expensive," says Rebecca Littler, Sales & Marketing Director for Barratt Eastern Counties. "Recent research states that rent has more than doubled in the last six years [according to figures published in the Guardian] and is expected to continue to do so. So the FirstBuy scheme is great news for first-time buyers looking to leave costly renting behind whilst providing an affordable way onto the property ladder."

Under the FirstBuy scheme, the purchaser is loaned up to 20 per cent of the property price jointly by Barratt Homes and the Homes and Communities Agency. The balance must be financed by a combination of deposit and mortgage. At Aspire, the buyer only needs to find a four per cent deposit, which is great news for those struggling to save large amounts of cash as a down-payment. The FirstBuy loan is interest-free for up to five years and can be repaid as and when the buyer can afford to do so, or when they come to sell the property.

The Aspire development has already proved irresistible to housebuyers and property investors in Suffolk. The combination of great town centre location, a high-specification, modern design and value-for-money pricing means that opportunities are getting fewer and fewer to find a property on the scheme. The recent provision of FirstBuy funds is set to further stimulate interest in the one- and two-bedroom apartments that comprise the scheme.

Rebecca adds: "The development is now 65% sold and the scheme is being run on a first-come, first-served basis and so first-time buyers will need to act quickly. FirstBuy really is as straightforward as it sounds and we hope that as many people as possible in Ipswich will be able to make use of this national funding. We would encourage anyone who wants to find out more about the scheme to visit our team of professionals at Aspire on Saturday and to ask any questions they may have."

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