Wednesday, 26 January 2011

Barratt Group unveils major buy-to-let initiative

With property investors returning to the market in significant numbers for the first time in four years, the Barratt Group, including its major housebuilding brands Barratt Homes, David Wilson Homes and Ward Homes, has launched a major initiative to sell show homes at many of its developments to buy-to-let investors.

"We have not seen this level of demand from investor buyers outside of London since the downturn of 2007," says Gary Ennis, Regional Managing Director for Barratt Southern. "That is why we are today unveiling a deal called Showhome Lease Back, which comes with a guaranteed yield of seven per cent.

"Buyers have the opportunity to buy the Showhome at selected developments in the region and then immediately lease it back to us for up to five years to use as a marketing suite. Rather than have to worry about untidy tenants, the investor knows that we will maintain the property in pristine condition."

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