Barratt launch incentives package

The measures announced include promising to refund any losses on a home bought between now and Christmas if the buyer sells at a loss in the next three years up to a maximum of 15% of the properties value.

They also say they will pay stamp duty on sales of property up to the value of £500,000 which is potentially worth £15,000, and would offer part exchange to buyers who are unable to sell their existing homes.

The deals are only available until the end of the year and are on selected properties likely to exclude most developments in London and the South-east. The part-exchange offer is capped at £250,000 on existing properties while the three-year price guarantee is limited to properties worth up to £300,000.