Invest in peace of mind with Barratt Homes

With worries over unreliable pensions and investors losing out with the continued low interest rates, it seems savers are now diversifying and looking at new homes to help secure their pension pot.

“Since the government lowered the interest rate five years ago savers have been offered very little in the way of interest on their savings,” says Barratt Homes sales director Michelle Storer.

“While savers and borrowers can make decisions on the back of interest rate change for the short term it has been a very different story for those approaching retirement that need to look further ahead,” says Michelle. “And as a result they are now considering bricks and mortar once again.”

The five star homebuilder has reported an up-turn in enquires from retirees and those looking at alternative options for investing their savings and it seems that buying a rental property is proving a popular option.

“With a combination of low interest rates, renewed confidence in the market, rising house prices and affordable buy-to-let mortgages, more and more mature investors are looking at putting their money into a new build property,” says Michelle.

She says there is massive need in the market for rental properties and with the average age of first time buyers being 36 there is now a three stage process towards eventual owner occupation: flat share, sole rental and purchase.

“This new trend has been a massive fillip for buy-to-let investors as young adults look to move out of flat shares,” says Michelle.

One such investor was Portsmouth retiree Gillian King.

Gillian was looking to invest some savings when her son-in-law suggested looking at a new Barratt development in the region – one of the country’s leading buy-to-let hotspots.

“I went to have a look at the homes and decided to buy a two bedroom property at St Richard Place. The process was so straightforward and Barratt looked after everything for me.”

A good rental property makes a compelling alternative investment that can not only offer a monthly rental income but provide the investor with a capital growth and realise a potential return if and when they choose to sell.

According to Michelle another reason that Barratt’s homes are proving so popular is the peace of mind that they offer; all come with an additional free 5-year warranty and aftercare service as well as the standard NHBC ten year cover – removing the hassle of dealing with unplanned repairs, giving investors time to enjoy their retirement.

In addition, from the tenant’s perspective, a Barratt new build ticks all the boxes. A recent survey from Savills revealed that on the top of a tenant’s wish list is being close to work, shops and families.

“Barratt’s homes are built in great locations close to local amenities with great transport links,” explains Michelle. “Buyers like the fact that we make the whole process easy and straightforward while our quality and five year warranty generally seals the deal for both parties.”

Barratt currently has a range of investments throughout Hampshire, West Sussex and the Isle of Wight including two, three and four bedroom homes designed to appeal to a wide range of investors.

For further details of investing with Barratt Homes please call Barratt on 0844 5710 385 or log onto www.barratthomes.co.uk

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