First-time buyers looking for homes in Bristol may wish to consider a new housing development in the city, where financial incentives are helping young people take their first steps onto the property ladder.
Barratt Homes' The Zone, which is located in the city's Temple Quarter, is proving popular with those taking advantage of the house builder's First-Time Buyer Initiative Scheme.
The offer is part of the government's low-cost home ownership scheme enabling buyers to obtain a mortgage for 50 per cent of the purchase price.
"In return, the government assists with the remaining 50 per cent, which the buyer repays over time and when the property is sold," Barratt Homes' sales director Andrea Pilgrim explained, adding that private buyers can also use the developer's Head Start initiative to purchase a property, which are priced between £87,000 and £210,000.
Another site attracting interest from first-time buyers is Barratt's Torre Marine development in Torquay, where prices range from £124,000 to £175,000.
See Also: Property News (5994)
Date Published: 22 December 2008
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