Househunters looking for an affordable home in the West Midlands have been advised that they need to act fast if they want to take advantage of a government shared equity scheme offered by Barratt.

The developer has a selection of two-bedroom apartments for sale at Merryfields in Brierly Hill, but with one of the properties already sold buyers should move quickly to secure their affordable home.

All of the Bromwich-style apartments are priced at £99,950 and under HomeBuy Direct, a shared equity scheme which provides a loan of 30 per cent towards the purchasing price, househunters could move in for as little as £69,965.

"It is very rare to find a home for less than £100,000 these days, let alone one for less than £70,000 so this really is an opportunity not to be missed," commented Graydon Worthing, sales director for Barratt West Midlands.

Barratt also offers a number of other schemes designed to make housing more affordable, including part exchange and a shared equity scheme of its own.
Source: 10/08/09