Developers Barratt aim new homes at landlord purchasers

House builder Barratt, which has already dipped its toes into the buy-to-let market, has decided to take a deeper paddle.



Britain’s biggest developer, which traditionally builds for buyers, has been marketing its show homes to property investors, with a guaranteed rental return while Barratt itself remains the tenant.



The company’s Barratt London wing has now taken things further by linking up with St James Place Wealth Management to advise investors on adding new-build bricks and mortar to their portfolios.



Jafe Arif, a senior partner at St James Place, has been specifically helping clients to make effective use of their cash assets when purchasing new-build London property. 



Stuart Lilley, senior sales manager at Barratt Homes, said there has been enthusiasm for the service.



He said: “Although we have only been working with Jafe Arif and his team since last month, we’ve already been able to assist several buy-to-let investors increase their portfolios and there continues to be enormous interest in speaking to St James Place.”



Elsewhere, after offering for sale a series of its show homes to property investors, in return for an agreed rent, it is now offering two-bed apartments for sale in Church Gresley, East Midlands, with a guaranteed monthly rent of £750 for two years.



The deal is available on its Highgrove scheme, where the two-bed apartments cost £99,995.



The deal equates to £18,000 over two years.

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