Friday 5th April 1991
An advertisement in the Warminster Journal, Friday 5th April 1991, reads:
New Two Bedroom Houses
Only £40,250*
No Stamp Duty. We pay the duty.
No Legal Fees. We pay legal fees.
No Mortgage Valuation Charge. We refund the charge.
Move in for only £250.
*For full details just call or ring our sales office.
The unbelievably priced 2 bedroom Lancaster home features:
Spacious lounge with dining area.
Fully fitted kitchen.
Two delightful double bedrooms.
Beautifully fitted bathroom.
Also available 3 Bedroom Houses.
Imberwood, Warminster.
__________
A sketch map featured in the advert shows an arrow pointing to the location
of Imberwood, Warminster. It is situated east of Grovelands Way (the part of
Grovelands Way nearest the roundabout which serves Grovelands Way, West Street and Pound Row) and north of West Street (the part of West Street between that same roundabout and Vicarage Street). Despite the name Imberwood being used in the advert, the arrow points to the site of the
cul-de-sac known as Blenheim Close.
And the name Imberwood in the advert is not to be confused with
Imberwood Close, the blocks of flats built near the corner of Woodcock
Road and Imber Road.
_______
The advert also notes that the developer is “Barratt, The House Builder”
national winner of the building industry’s supreme award for quality.
“To find out how to be winners in purchasing your new home right now
visit our Sales Office or telephone (0985) 846006
open Thursday to Monday 11 am to 6 pm.”
* Shared purchase plan subject to status.
The figure quoted is based upon 70% of the purchase price with a
Barratt shared purchase plan agreement with 30% being deferred
up to five years interest free. Barratt share your investment. You
may buy out this investment share at any time during the five years
or settle the outstanding amount with either a Second Charge, cash
or from the proceeds of re-selling the property during the period.
The 30% pay back payment will be based on the valuation of the
property at the time of payment and cannot drop below the value
of the original purchase price. This means if house prices remain
static, and you borrow £17,250 from Barratt you will pay back
£17,250 at APR 0%. Your home is at risk if you do not keep up
payments on a mortgage or other loan secured on it.