Househunters in Leicestershire are being told that a new range of affordable homes has been made available under a government scheme.

Barratt North Midlands has allocated 21 homes at the Regents Park development in Hamilton to the HomeBuy Direct shared equity initiative.

Under the scheme, families may be able to purchase a four-bedroom home for just £118,996 as they only need to come up with 70 per cent of the asking price when buying the property.

The remaining 30 per cent will be paid for via an equity loan co-funded by Barratt and the government.

"HomeBuy Direct is a fantastic scheme which can help first time buyers, key workers and families living in rented accommodation get a foot on the property ladder," said James Poynor, sales director at Barratt North Midlands.

The developer hosted an open evening in Bridgwater, Somerset earlier this month to allow more families to discover how they can benefit from shared ownership schemes.

Source: Direct News 30/4/09