Barratt addresses buyers’ concerns over Brexit

Barratt Homes is addressing Isle of Wight customers’ concerns about any uncertainty they may have over buying a new home because of Brexit.

Visitors to its St George’s Gate development in Shide are being met by banners proclaiming, “Beat the Brexit Blues” and the reasons why there’s never been a better time to buy a new house.

Michelle Storer, Barratt Homes sales director, said: “There’s no doubt Brexit is causing uncertainty in the minds of some buyers but, in our view, there’s actually never been a better time to buy a new house – and we simply want to reassure our customers of that fact.”

Michelle highlighted a number of factors which should give homebuyers comfort. She said: “A combination of more lenders looking for mortgage business together with really competitive fixed rate products, better criteria and smoother processes all mean there’s never been a better time to buy a new home with a mortgage. A popular option right now is being able to fix your interest rate for five years.

“The truth is with low interest rates and the government backed Help to Buy scheme, which is available for first time buyers and existing homeowners, purchasers have an excellent range of options available. As an additional incentive Barratt will pay your mortgage for up to 6 months.”

Michelle continued: “What it means to buyers is that many who have previously rented a home because they felt they couldn’t get a mortgage – for instance someone who has been self-employed for less than three years – can now get on the property ladder.”

Five-star builder Barratt also offers buyers the opportunity to part exchange their current home for a brand new one. The developer is a guaranteed cash buyer – so there is no chain, no last-minute price haggling and no hidden costs. And people can stay in their existing property until their new home is ready.

“It’s perfect for buyers who want to move quickly,” said Michelle. “It is so frustrating for buyers who think they have found their dream home – only to be let down by the fact they can’t sell their own property.

“We want to keep this an exciting and enjoyable time by providing a short cut through the entire process. That is why we offer part exchange.”