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Exclusive First-Time Buyer Scheme On New Preston Homes

Posted 3 August 2022 by Keith Osborne

Barratt Homes is offering first-time buyers an opportunity to purchase at Romans Green at 80% of the full market price...

Homes has made life easier for property hunters seeking to move into luxury at its Lancashire development Romans Green by introducing low-cost homes to help buyers take a first step onto the homeownership property ladder.

Alongside the other schemes offered by the leading housebuilder (which include a Key Worker Deposit Contribution up to £15,000, and the Deposit Unlock initiative), Low Cost Home Ownership homes have been added to offer relief to first-time buyers and young families alike.

The new initiative is helping first time buyers achieve homeownership at the Romans Green development in Preston, by offering people local to the area a home at a reduced cost.

Philippa Stewart, head of sales at Barratt Homes North West, said: “By offering a selection of our properties on the Low Cost Home Ownership scheme, we hope to give first time buyers an opportunity to get onto the property ladder. Romans Green is open and for those who are interested, I would encourage to visit our website or call the sales line.”

To be accepted, buyers need to demonstrate:

  • They have a local connection to the borough; such as currently living or previously lived there in recent years. They can also work or have close family in the borough
  • A joint income that cannot exceed £53,000pa
  • They have no other properties
  • They are the occupier of the property and the property the only residence owned
  • They are not seeking a further percentage of the 80%-20% split with Preston Council.

The Romans Green development offers excellent commuter links to the M55 and M6. Located less than three miles from the development the Royal Preston hospital and with the completion of Eastway Hub Retail Park due in 2023, prospective buyers can be assured of convenience right on their doorstep.

Young families can find peace of mind with several primary schools in close proximity and easy access to The Guild Wheel for the perfect family day out, whether cycling or enjoying the specular views on an evening stroll.

Prices with the Low Cost Home Ownership scheme at Romans Green start at £156,000. Find out more from Barratt Homes.

 

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Fulwood, Lancashire PR4
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