Leading developer Barratt Homes is hosting an exclusive Help to Buy event this weekend (29th February) to help Leicester property seekers break free from renting at its New Lubbesthorpe development.
Those attending the Beggars Lane development event will have an opportunity to view the one and two bedroom apartments available and receive professional guidance from the onsite Sales Advisers.
Research from the Intermediary Mortgage Lenders Association suggests buying a home instead of renting could leave the average property owner £352,500 better off over 30 years.
This is based on monthly mortgage repayments on the average £230,000 home potentially being £133,700 cheaper than paying rent over three decades living there, in addition to the homebuyer netting £218,800 in equity from paying off a mortgage over the three decades.
With a selection of apartments available at New Lubbesthorpe from £152,995, Barratt Homes’ Help to Buy event aims to guide keen property seekers on how to make an investment in their future.
Debra Marriot (56) moved to New Lubbesthorpe recently and downsized her home to a modern two bedroom apartment at the development.
She said: “As I was moving in on my own, I wanted something with no upkeep, that I didn’t have to worry about and the whole process with Barratt Homes has been lovely.
“My apartment is great with two really good-sized bedrooms and two bathrooms. I love that when I come home from a day at work, it’s so cosy and homely.”
The Help to Buy scheme is open to both first-time buyers and existing homeowners on properties up to the value of £600,000. The scheme helps you to buy a home with an equity loan of up to 20% of the full price of the property and just a 5% deposit.
With no Stamp Duty fees for first time buyers on properties up to £300,000, there’s no time like the present to take the first step on the property ladder.
Jan Ruston, Sales Director at Barratt Homes North Midlands, said: “Help to Buy is a great solution for those looking to take their first or next step on the property ladder.
“It’s one of our most popular schemes and one which is beneficial for both first time buyers and second steppers.
“We would encourage any keen homebuyers to attend our event this weekend, not only to see our beautiful homes but to find out more about the scheme that could help you move into your dream home.”
Barratt Homes North Midlands has been awarded the maximum five star rating from the Home Builders Federation (HBF) for the tenth year in a row. With quality at the forefront of its mind at every development, each home it builds is crafted to the highest standard by award winning Site Managers.
To register an interest in any of the properties at New Lubbesthorpe, please visit the onsite Sales Centre, open Monday 12.30pm to 5.30pm and Thursday to Sunday between 10am to 5.30pm.
For more information about New Lubbesthorpe, call the Barratt Homes sales team on 033 3355 8472 or visit www.barratthomes.co.uk/new-homes/leicestershire/h685401-new-lubbesthorpe/.